5 Tips to Lower Your Life Insurance Premiums

5 Tips to Lower Your Life Insurance Premiums

Many people avoid buying life insurance because they think it is expensive. Life insurance policies can be expensive, but there are several ways to make them more affordable. The following tips will help you handle your monthly premiums while ensuring that you have a quality life insurance policy.

  1. Limit Alcohol and Tobacco Use

Eliminate alcohol and tobacco from your day-to-day routine. Reducing your exposure to alcohol and tobacco will reduce your risk of accidents or health conditions that can have a devastating effect on your quality of life. Thus, opting for occasional use will ultimately lower your premiums.

  1. Embrace Healthier Lifestyle Habits

Embracing a healthier lifestyle is also important. Exercising regularly and eating a more nutritious diet will reduce your risk of many of the most dangerous chronic health conditions that affect Americans today. Living a healthier lifestyle will also improve your quality of life.

  1. Buy Your Policy While You Are Young

The younger you are when you buy your policy, the less you will pay for premiums. You may also be able to purchase your policy without having to undergo a physical examination to prove that you are in good health.

  1. Choose a Term Life Insurance Policy

Term policies are much cheaper because once they reach maturity, they can be cashed out or left intact so your family can use them at a later date. Term life policies have a set payout and a specific number of years/months to reach maturity.

  1. Eliminate Risky Behaviors

If you want to keep your life insurance premiums as low as possible, eliminate any risky behaviors that you may have. Reducing your overall risk will reduce your monthly premiums as well.

There are many ways to keep your monthly premiums as low as possible. Contact the agents at Steve Wilk Insurance Agency, Inc. to find out more about lowering your monthly premiums. You can also visit our new office at 310 S Main Street, Suite C, Lombard, IL 60148.