Title:

5 Quickest ways to lower your Life Insurance Premium

Word Count:
383

Summary:
Worried about the spiraling life insurance premium? We have enlisted 5 quickest
ways to lower your life insurance premium. Well, keep these points in mind but do
tread with caution and act prudently.

Keywords:
instant life insurance quote, life insurance

Article Body:
Worried about the spiraling life insurance premium? We have enlisted 5 quickest
ways to lower your life insurance premium. Well, keep these points in mind but do
tread with caution and act prudently.

Shop around and Bargain

Shop, Compare and Bargain! Well, the oldest principle, old as dirt, but still going
strong. Once decided on your coverage, don�t just sign up for the first plan that
crosses your eye. Ensure that you shop around (internet is a great place to start)
and get a feel of the market. This would help you to bargain hard and get the
greatest coverage at the lowest possible price.

Opt for Term Life Insurance � The quickest way to lower your life insurance premium
is to opt for Term Life Insurance policy instead of a whole-life policy. The idea
is to keep insurance as what it is and not turn it into an investment product.
Thus, you can get yourself insured under term life policy at the fraction of the
cost of a whole-life scheme with typically the same coverage amount. However, do
not forget that Term Life Insurance covers you only for a pre-defined period of
time.

Keep yourself Fit � Be a low risk proposition for your insurance provider by
maintaining a healthy lifestyle and keeping yourself away from addictions such as
smoking, drugs and alcohol. A good health record will result in considerable
reduction in your life insurance premiums.

Consult an Insurance Advisor - To reduce your life insurance premium, the easiest
thing you can do is to consult a good Insurance Advisor. Since the advisor will be
pro in the insurance marketplace, he/she would be able to get you to the most
affordable deal in line with your coverage requirements. Essentially a good
insurance advisor would compare different market rates for you and would also
negotiate the best rates on your behalf. Well, internet is a great place to
identify an agent.

Start at a young age!

Insure yourself at a young age. Life insurance premium at a young age is only a
fraction of what it could be when you are well into your middle-age. The premise is
young and healthy people are the lowest risk segment. The low mortality risk is a
great incentive for insurance companies to insure you at lower premiums.