- How can I get better life insurance rates?
- December 16, 2013
Life insurance rates are determined by a series of health, occupational, lifestyle and hereditary factors. Typically, once a contract has been signed, the rate will be secured for the duration of the policy. This means that improved health and medial conditions will not lower one’s life insurance rate, unless a new policy is being considered.
The key to scoring lower life insurance rates is to get healthy and stay healthy–before applying for a policy. Here are three simple health tips that can, not only improve one’s health, but also help secure a lower life insurance rate for future policies:
Maintain a health weight or weight loss. Since obesity has become a serious health concern in the U.S., insurance companies place heavy emphasis on height and weight ratio when determining a life insurance rate, so losing even a few pounds could save you money on your life insurance policy.
Eating a well-balanced diet. Maintaining a healthy weight and eating a well-balanced diet go hand-in-hand. Individuals who eat a well-balanced diet are more likely to weigh less and avoid heart disease and diabetes, and thus the high life insurance premiums that come with them.
Stop smoking or using other tobacco related products. Using any form of tobacco – including chewing tobacco – will increase your insurance rate, regardless of the insurance company. Fortunately, if you quit for specific time period prior to signing your policy, you may qualify for a lower insurance premium.
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