Are there ways to lower your cost of life insurance coverage?

Yes, in fact, there are several tips you can follow which may help you lower your premiums for life insurance, including:

• Compare rates from several different insurers.
  
• Choose an annual premium payment option.
  
• Quit smoking because smokers pay much more for coverage.
  
• Buy coverage while you are young and healthy.
  
• Take the medical exam instead of buying guaranteed coverage, if you are healthy.
  

Here's how you can learn more ways to reduce the...

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If I already have life insurance should I shop around for a better deal?

That depends on you. Keep in mind, if you switch policies your 2 year contestability period starts over which means if you pass away in the first two years of your new policy the insurance company can contest the payment of your death benefit if they find you have misrepresented a material fact on your application for life insurance.

But, if you feel you may save some money by switching to a new life insurance policy just ...
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The short answer is to buy your life insurance coverage now.

No matter how old you are, you will never be younger than you are today. Age can be a significant factor in determining the price you pay for your life insurance policy.

Many life insurance companies offer special rates on either the life insurance policy or the home or auto insurance policy when you buy your insurance policies with one company, so ask if the company offers any incentives.

Paying your insurance premi...

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To save money Buy your life insurance policy now.

Premiums for the same face amount of life insurance coverage increase the older you become. The longer you wait to buy your coverage, the more you risk developing a health issue that could increase your premium, or disqualify you from being able to purchase life insurance coverage.

If you want permanent life insurance but you're on a budget, term life or a combination of term and permanent may offer lower premium payments. An...

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If you're shopping for life insurance you may want to consider these tips to help you save some money when purchasing life insurance:

1. Compare rates for life insurance from multiple insurers since rates can vary widely among companies.

2. Consider term life insurance instead of whole life insurance since term life costs a lot less for up to 30 years of life insurance protection.

3. Choose annual premium payments instead of monthly premiums.

4. Buy life insurance more than 6 months before your n...
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