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Tips to Reducing Life Insurance Premiums Alamogordo NM

Life Insurance- How Can I Reduce My Costs. A life insurance guide illustrating ways to reduce the cost and save money on life insurance.

Mrs. Natalie Voskresensky (RFC®), MBA
(505) 858-2443
2 Juniper Hill Rd NE
Albuquerque, NM
Company
PLAN RIGHT, LLC
Qualifications
Education: MBA, Accounting Concentration
Years of Experience: 13
Membership
IARFC
Services
Invoice, Business Planning, personal Coach, Retirement Planning, Tax Returns, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Auto Home Insurance, Asset Protection, LiabCover

Data Provided by:
Ron Siemon
8300 Carmel Ave NE
Albuquerque, NM
Company
Title: Investment Consultant
Company: LPL Financial
Type
Investment Advisor Rep: Yes
Service
Income for Life/ Preserve Principal,Life Insurance,Long-Term Health Care Planning,Retirement Income Accumulation Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,401k Rollover From Employer,CD Alternative,Annuities,Investment Consulting & Allocation Design,Asset Protection Strategies & Planning

Data Provided by:
Hardmon Insurance Group
(505) 205-1071
4801 Lang NE
Albuquerque, NM
 
Terry Cosper Insurance Agency
(505) 898-5556
10131 Coors Blvd NW Ste E-4
Albuquerque, NM
 
Ron Pino Agency
(505) 877-1391
3211 Coors Blvd SW Ste 12
Albuquerque, NM
 
Mr. Gerard W. De Long (RFC®), CSA
(505) 521-4434
1801 Pinehurst
Las Cruces, NM
Company
Las Cruces Investment Center
Qualifications
Education: BS - Aerospace Engineering, MS - Aerospace Engineering
Years of Experience: 38
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Max Leach (RFC®), CLU, RFP
(505) 344-2255
10308 Candelaria NE #345
Albuquerque, NM
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, BuySell, LiabCover, Compensation Plans

Data Provided by:
Guardian Life Insurance Company
(505) 299-6161
8500 Menaul Blvd NE
Albuquerque, NM
 
The Medina Agency
(505) 899-5500
8201 Golf Course NW C4A
Albuquerque, NM
 
Southland Life Insurance
(505) 255-5547
428 Louisiana Blvd SE
Albuquerque, NM
 
Data Provided by:

Tips to Reducing Life Insurance Premiums

Provided By: 

Reducing Life Insurance Costs

You can control your cost of life insurance to some extent. Here are some tried and true tips:

  1. Always get more than one quote for life insurance. Comparing prices is critical to getting the right life insurance at the right price. I recently got quotes on term life insurance for $250,000. Quotes ranged from about $40 a month to over $80 a month. This is a clear case for shopping around. But don't just buy on price - I compared life insurance companies with similar financial ratings (mostly by A.M. Best), and similar policies. Then, I bought life insurance based on the life insurance policy itself and it's price.
  2. Buy only the life insurance that you need. If you buy more life insurance than you need you will pay more for it - and the chances are in the life insurance company's favor. You are not likely going to collect on that policy. Your chance of being off work for more than 90 days is higher than your chances of dying between the ages of 40 and 64. Keep this in mind.
  1. Consider guaranteed renewal policies if you buy term life insurance . It will cost you a bit more initially, but you won't be paying higher premiums on every renewal.
  2. Buy life insurance while you are healthy. If you buy young you are at the lowest possible risk. If you buy life insurance after you have developed a serious health problem you have just become a bigger risk - and your life insurance premiums are likely to be higher.
  3. Don't smoke. Non-smokers get a discount on a life insurance policy.
  4. Keep a fit weight. If your weight changes substantially - either up or down - the life insurance company will take this as a bad sign. If you keep yourself fit and within a healthy weight range you will likely get a lower life insurance premium.
  5. Buy Group life insurance if you can. Group life insurance is virtually always cheaper than individual life insurance. Check out alumni groups from your college or university. There maybe other ...

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