There are several ways to get more affordable protection for life insurance, including the following:
- Choose a term life insurance plan, because permanent life insurance usually costs up to 10 times more than term insurance.
- Choose the annual premium payment option when you buy a life insurance policy, because insurers usually charge a service fee for processing monthly payments.
- Buy your life insurance policy while you are young and healthy because rates increase with age, so you want to lock-in the lowest rate as soon as you can before your health changes.
- Make sure you shop and compare multiple life insurance quotes from several life insurance carriers to help you find the cheapest life insurance plan available.
Learn more about how to find cheap life insurance coverage online.