- Choose Term Life - Term life insurance is by far the lowest priced life insurance coverage. Permanent life insurance policies can cost up to 5-10 times more.
- Compare Rates - Make sure you compare free term life insurance price quotes online before choosing your policy. By compare rates among several of the top insurers you may save quite a bit on your life insurance policy.
- Amount of Coverage - Make sure you know how much life insurance you really need. Don't buy more protection than needed if you are on a budget.
- Annual Payments - Make sure to choose annual premium payments because insurers usually charge am additional service fee for processing monthly premium payments.
- Don't Delay - Rates on life insurance increase with age, so you want to lock-in the lowest rate fro coverage before you get older or develop any health issues.
Here's how to learn more about finding the cheapest life insurance for people over 60s.