Making sure that you get the best rates for your life insurance should be a high priority. In today’s blog, the Cheapest Life Insurance will list different ways in which you may be able to avoid higher premiums for your life insurance.
Below are five ways that could lead you to getting a cheaper premium:
1. Shop around
Rather than going directly to an insurance company for a quote, why not go to a broker instead? Life Insurance brokers are able to search from a number of leading insurance providers for you, to make sure that you are getting the best policy for your money.
All insurers have different rating guidelines that they follow and one insurer could be more tolerant than another, especially if you already have a pre-existing medical condition.
2. Try to avoid having dangerous hobbies
Nearly all life insurance companies would consider you at a higher risk if you have what may be considered as a ‘dangerous’ hobby. You may love the buzz that sky diving gives you for example, but if you were to avoid hobbies such as this, you could significantly lower your monthly premium.
3. Keep a healthy weight
If you have a healthy BMI then your insurance price would also be noticeably cheaper than someone who is not as healthy weight wise. People who are overweight could be considered as a higher risk to life insurance companies as they are more likely to suffer with serious health problems in the future, such as type 2 diabetes.
4. Give up smoking
If you are a smoker you will need to pay ‘smokers rates’, which are considerably higher than being a non-smoker. If you were thinking of giving up smoking, after 12 months without a cigarette you will then be entitled to cheaper ‘non-smokers rates’.
5. Keep an eye on your cholesterol and blood pressure
High blood pressure and cholesterol could lead to serious health risks in the future such as heart disease. As of this risk, your insurer could raise your premiums. Controlling your blood pressure and cholesterol by maintaining a healthy diet and exercising could have a great effect on your premium.
If you are looking for cheap life insurance why not give our helpful consultants at the cheapest life insurance a call on 0800 6800 205 or request a quote here and see if we can save you money today!