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Step 4: Qualifying For
Discounts And Savings
1. Quit Smoking
You can save from 20% to 30% on premiums by quitting smoking. Insurance companies take this into account when they set their premium and cash benefits levels.
2. Get yourself into the Preferred Risk Category
Many insurance companies offer lower, preferred rates to people who appear to be in better health and live a lifestyle that promotes a healthy, accident-free life. And your job nature will also affect your risk classification by the company.
Some of the other factors affecting one’s risk categorization (which you can do something about it) by the insurance companies includes:
 | Try not to fly as a private pilot or student pilot, or participate in aviation during the two years prior to applying for your policy. |
| Exercise regularly to keep yourself fit and healthy. By having an average blood pressure, good cholesterol level, not being overweight, you can qualify for better rates. |
| Buy insurance while you are young and healthy.
DO NOT BUY INSURANCE ONLY WHEN YOU NEED IT! |
3. Cover both spouse with one policy
You can buy life insurance policies that pay cash benefits regardless of which spouse dies first. You can save by taking up this type of policy for both persons compared to buying 2 policies.
4. Consolidating your different Policies
If you bought a number of small life insurance policies over the years, you can consolidate them into a larger policy with the same coverage, thus cut down your cost.
5. Do Insurance Shopping
Always do comparison to get the best rates for yourself. And always do it when you are in good health to get a much better rate.
Before online quotes are available, most people are unaware that they get can the same coverage at a much lower price. With the online quotes, you can finally do comparison from reliable insurance companies sitting comfortably in your chair. Shopping for life insurance has never been easier.
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