When it comes to life insurance no one wants to pay more than they have to for coverage, but how can you go about getting a lower price on your policy?
Here are a few tips for lowering your cost of life insurance:
Request a Re-Rate - Contact the insurance company and ask for a lower premium based on your improved health.
Quit Smoking - People who quit smoking after buying life insurance may be able to get a premium reduction after being smoke-free for at least 12 months.
Lose Weight - If you purchased life insurance while overweight or obese, and you lose weight, you may qualify for a lower rate on your policy.
Compare Pricing - You can compare prices on life insurance from several insurers and buy life insurance at a lower price from another insurance company. But never cancel an existing policy before you have a new life insurance policy "In Force", if you still need coverage.
Here are some more life insurance tips.