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Tips to Reducing Life Insurance Premiums Wichita KS

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. Angela L. Tejeda (RFC®), MBA
(316) 721-5191
8307 W. 34th St. N
Wichita, KS
Tejeda Financial / Money Concepts
Education: BA - PsychologyMBA
Years of Experience: 10
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Fortune Protection Ins AAA
(316) 262-1550
1550 S Broadway St
Wichita, KS
Blythe Insurance Agency
(316) 685-2388
5745 E Central Ave
Wichita, KS
Tony Cope Insurance Agency
(316) 682-5500
935 S Woodlawn
Wichita, KS
Bergkamp Duane CMFC
(316) 721-6767
8925 W Maple St Ste 15
Wichita, KS
Mr. Brian Michael Nelson (RFC®), RFP
(316) 630-0670
13111 E 21st St. N.
Wichita, KS
Cornerstone Financial, LLC
Years of Experience: 4
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Education Plan, Asset Protection

Data Provided by:
Affiliated Agents
(316) 943-2101
2061 N West St
Wichita, KS
American General Life & Accident Insurance
(316) 630-0100
400 N Woodlawn St
Wichita, KS
Farm Credit Of Central KS
(316) 721-1100
7940 W Kellogg Dr
Wichita, KS
Bob Watson Agency
(316) 729-7057
8911 W Maple
Wichita, KS
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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