Once you sign a life insurance policy, your rate is typically secured for the duration of the policy. This does not leave much opportunity for you to improve the life insurance rate by changing your lifestyle. Although, if you are considering a new life insurance policy for the future, LifeQuote has provided some healthy-living tips that can help shave dollars off your premium and add years to your life. With these savings, you may be able to increase the amount of coverage you receive or lower your premiums.
Tips to Improve the Life Insurance Rates:
Live Healthy and Improve Your Health
You cannot change your family´s medical history but you can certainly take care of your own with regular check-ups and by practising healthy habits. Regular medical treatments to monitor and stabilize chronic diseases can influence insurance companies to offer you reasonable rates. Heart disease, cancer, diabetes and stroke are no longer uninsurable conditions. Insurance companies just want to see proof that you’re improving your health. Lowering your weight and controlling your cholesterol or blood pressure with a low-fat diet, regular exercise or medicines can result in a reduction in insurance premiums. Your clean bill of health counts with insurance companies too.
If you smoke, the surgeon general says quit. Insurance companies judge smoking as a critical risk factor in determining your premium. Do yourself a favor, kick the habit. If you quit now, your rates will drop significantly if you resubmit your “healthier” non-smoker status to insurance companies a year later.
Before you sign up for a life insurance policy, take the time to make some lifestyle adjustments. A healthy lifestyle will help you keep your insurance rates low and premiums affordable. Helping to protect your family and their financial future is a must, but if you follow our tips, you do not have to break the bank to do it.