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Tips to Reducing Life Insurance Premiums Gillette WY

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

Dr. Nels A. Nelson (RFC®), CFP, CSA, LUTCF
(307) 674-7494
P.O. Box 1063
Sheridan, WY
New Life Financial Inc.
Education: BS(Engineering), Doctorate Vet Medicine, Certified Financial Planner,
Years of Experience: 23
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
United Investors Life Insurance Co
(307) 875-6957
2241 Foothill Blvd
Rock Springs, WY
Kevin Byrne and Associates
(307) 632-9223
202 E Pershing Blvd
Cheyenne, WY
Andy Steele
1285 Sheridan Avenue
Cody, WY
Title: President
Company: Steele Financial Services
Registered Investor: Yes
B.S Florida State University
Years Experience
Years Experience: 26
401k Rollover From Employer,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Retirement Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Annuities,Investment Consulting & Allocation Design,Planning For Personal Finances &

Data Provided by:
New York Life Insurance
(307) 367-6792
219 E Pine St Ste Ste
Pinedale, WY
Farm Bureau Financial Services
(307) 632-9008
6248 Yellowstone Rd
Cheyenne, WY
Data Provided by:

Tips to Reducing Life Insurance Premiums

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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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