Articles Editor's Blog Reader Mail

Tips to Reducing Life Insurance Premiums Wasilla AK

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

Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
Benefits Inc
(907) 276-7100
3212 Greenland DR
Anchorage, AK
 
Dorsey Arthur N CLU
(907) 522-1231
9191 Old Seward Hwy
Anchorage, AK
 
Jackson Todd
(907) 345-0214
1330 Huffman Rd
Anchorage, AK
 
Banyan, Rock & Talent
(919) 782-0033
3356 Six Forks Road
Raleigh, AK
 
Conrad Houston Insurance
(907) 276-7667
507 W Northern Lights Blvd
Anchorage, AK
 
Alaskan Benefit Insurance Consultants
(907) 243-1488
4225 Trapline DR
Anchorage, AK
 
Primerica Financial Services
(907) 562-4845
2900 Boniface Pkwy
Anchorage, AK
 
Plooy Tom
(907) 333-6575
2900 Boniface Pkwy
Anchorage, AK
 
Cork Rhonda
(907) 357-8614
1451 E Parks Hwy
Wasilla, AK
 
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 ...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap