- Choose term life instead of permanent life insurance.
- Buy sooner rather than later. Rates increase with age.
- Comparison shop multiple life insurance quotes from several different insurers.
- Disclosure all health issues up front.
- Quit smoking.
- Choose guaranteed level premiums.
- Take the medical examination.
- Pay premiums annually instead of monthly.
- Lose weight. If you are overweight or obese, losing weight may help you qualify for a lower rate on your life insurance.
Other ways to save money on your life insurance policy include choosing a lower amount of coverage, or selecting a shorter term for your term life insurance policy.