If you’ve never given much thought to your life insurance, there’s a chance you’re paying too much. Here are 7 tips that could help you save thousands on your life insurance costs.
1. Your excellent health could qualify you for discounted rates
Most insurers can offer discounted life insurance rates to applicants with a combination of much better than average medical test results, no family history of serious diseases, and healthy lifestyle choices. Commonly referred to as Preferred or Elite, these lower rates are subject to strict underwriting rules. As a result, most people can’t qualify; but if you do, . . . [more]