One of the most common reasons that people don’t buy life insurance coverage is because they assume that it’s going to be too expensive to fit in their budget. In just about every case, that couldn’t be further from the truth.
As an accountant, you understand the importance of numbers. When dealing with life insurance premiums, the lower the number, the better. There are several changes and you can make that can help you save thousands of dollars on your insurance coverage.
This article is going to explore the ways that you can save money on your life insurance plan. We are dedicated to helping accountants from across the nation get the best insurance coverage to meet their needs.
Trimming Down Your Life Insurance Premiums
Making a few simple changes can save you thousands and thousands of dollars of your insurance policy. The first thing that you should do is cut out any tobacco that you currently use. If you’re listed as a smoker on your life policy, then you should expect to pay much higher rates for your insurance protection. As a smoker, you’re at a much higher risk for lung cancer and cardio vascular complications. The insurance company is going to offset that risk by charging you much higher premiums. In fact, you’re going to pay twice as much for your plan versus what a non-smoker is going to pay for the same sized plan. If you want to get the most affordable life insurance, you’ll need to kick those bad habits once and for all.
The next thing that you should do is start hitting the gym. Before the insurance company approves you for insurance coverage, they are going to require that you take a medical exam. The company is going to look at your weight, blood pressure, take a blood sample, and take a urine sample. The results of the exam are going to play a major role in how much you’re paying every month in premiums. If you start exercising, then you can help lose those extra pounds, lower your cholesterol, and reduce your risk of being diagnosed with health complications.
Another simple way that you can get better premiums for your insurance policy is to stick to a healthy diet. Cutting out the junk food and soda cam have a wonderful impact on your overall health. Just like with exercise, it’s going to help you drop some weight, and reduce your blood pressure, and cholesterol. You can still enjoy your favorite snacks, but moderation is essential in having a balanced diet.
The best way to ensure that you’re getting the lowest available premiums is to get dozens of quotes before you decide which one is going to work best for you. Every insurance company is different, and all of them have different underwriters that they are going to use when they run your application through the process. If you want to get the best prices, it’s vital that you look at as many options as possible.
Instead of wasting your time calling dozens and dozens of companies yourself, let one of our independent insurance agents do all of the hard work for you. Unlike traditional insurance agents, we are independent brokers. That means that we represent dozens and dozens of highly rated companies across the nation. We can bring all of the best insurance plans directly to you. Working with one of our agents can save you both time and money on your insurance search.
No Exam Life Insurance Policies
A unique option for life insurance protection is no exam life insurance plans. These policies will allow you to get insurance coverage without having to undergo the medical exam. We wanted to include a section about no exam policies because thousands of applicants purchase one of these plans without getting all of the information. There are several advantages and disadvantages that you should be aware of when shopping for life insurance protection.
Because we are looking at ways to get cheap life insurance, the first disadvantage that you should take note of is that these no exam plans are going to be more expensive than a traditional policy that requires an exam. The purpose of the exam is to give the insurance company an idea of how much risk you are to insure, and without that medical exam, they’re taking a much great risk to give you life insurance. They are going to offset that risk by charging you much higher premiums.
The next disadvantage of these policies is that you may be limited on how much life insurance that you can buy without taking a medical exam. Most companies will only sell you around $250,000 worth of insurance protection. For most families, this isn’t going to be enough coverage. Not having enough life insurance is one of the worst mistakes that you can make. If you need more insurance protection than that, you’ll need to apply for a traditional life insurance plan that requires an exam.
One of the most notable advantages of these no exam plans is that you can be approved for coverage much fast than you can with traditional policy. With some no exam plans, you can get insurance coverage in as little as two days. With a traditional policy, you could wait up to a month for your protection.
Getting Affordable Life Insurance For Accountants
We know that nobody enjoys shopping for life insurance. It forces you to think about your passing, but it’s one of the most important purchases that you’ll ever make. If something tragic were to happen to you, and you didn’t have life insurance protection, your family would be left with a mountain of debt and no way to pay for those bills.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance coverage that your family deserves. If you have any questions about getting cheap life insurance, contact one of our agents today.