Save Money on Your Life Insurance

Like anything else you buy, knowing what you're shopping for before you set out can save you time and money. When shopping for life insurance, consider these potential money saving tips.

Don't underestimate your needs.
Before shopping for life insurance, calculate your total needs. Buing one policy with greater death benefit at a younger age will most likely be less expensive than adding additional coverage as you get older and your financial position changes.

Use an Agent.
An agent can save you both time and money when shopping for life insurance. The 4insurance network works diligently with your specific insurance needs to find you the lowest rate possible. To request a quote from an agent in your area click here.

Term Insurance First.
Try buying term insurance for at least the first 6 months. *Note: You can convert term to permanent, but not permanent to term.

Compare Costs.
If you're considering the purchase of permanent life insurance, compare the costs and benefits of Whole, Universal and Variable policies to your own term plan. It may save you money!

Be careful.
Some taxes may or may not apply depending on your type of plan ($200,000 may not be $200,000 after you die). Also, universal and variable life do not guarantee any extra cash value.

Improve your health.
Quit smoking, eat healthier and exercise regularly. This will decrease your premiums and increase your life expectancy.

Consider your hobbies.
If you skydive, deep-sea dive or participate in any other high-risk activities, your premiums will be more expensive for obvious reasons.