Buying life insurance isn’t always the most cheerful thing you can purchase, but it’s one of the most important. Many people will put off buying life insurance because they don’t want to think about their death or what will happen to their family if something awful were to happen, but putting off life insurance could have devastating consequences.
Life insurance can give you peace of mind knowing that your loved ones won’t be left with thousands of dollars of debt and no way to pay for it. In most cases, life insurance policies are cheaper than you might think. If you’re looking for the best life insurance rates in Denver, Co, Longevity insurance can help you get the perfect policy for your needs.
Hit the Gym and Improve your Health
The worse health you’re in, the more of a liability you’ll be for the insurance company. Being in better health reduces your chances of having any severe complications, which will lower your monthly rates.
You don’t have to be a marathon runner or professional weight lifter to get better life insurance rates. If you’re overweight or considered “obese,” it can cause your life insurance rates to go through the roof. Simply getting the recommended amount of exercise (which the American Heart Association recommends that you get at least 150 minutes every week) and choosing healthy foods can make a huge impact on your waistline and your wallet. If you drastically improve your health, you can request a reevaluation from your life insurance company to receive better rates.
One of the common health problems that cause people’s life insurance premiums to go up is high cholesterol and blood pressure, both of which can be changed with a good diet. Instead of going through the drive-through for lunch every day, try bringing a healthy lunch to work. Your journey to a healthy lifestyle and lower rates will start in the kitchen.
Pay once a Year
Most life insurance companies will allow you to pay every month, every six months, or once every year. While deciding which payment option works best for you will depend on your financial situation, if you can pay annually, it will save you money. If you decide to pay monthly, you’ll be paying more because it costs the insurance company more for each payment. If you have the money saved, we suggest that you choose an annual payment instead of monthly. Aside from the money it will save, you also won’t have to worry about making payments every month, which is easy to forget.
As a bonus, you should also consider putting your payments (no matter how often you make them) on auto-pay. Many insurance companies will give you a discount for putting your monthly premiums on an auto pay system and it eliminates the chances of your forgetting to make a payment.
Bundle Insurance Policies
More than likely life insurance isn’t the only insurance policy you have. Getting all of your insurance policies through one company can save you hundreds or thousands of dollars every year. If you’re going to have all of these policies any ways, why not have them all with one business and save yourself some money.
If you’re looking to hold all your policies at with one insurance company, Longevity can help you. Not only do we offer life insurance policies, but we can also sell you the perfect auto insurance policy, as well as some of the best homeowners insurance rates in Denver, Colorado. Don’t spend extra money every month just because you use several different insurance companies.
Kill the Dangerous Hobbies
Do you enjoy riding your motorcycle on the weekends? Maybe you like to rock-climb in your free time? While these are enjoyable past-times, they could be causing your rates to hike. Any hobby that is considered “dangerous” increases your liability to the insurance company.
If you’re looking to get the best rates possible, you’ll need to find safer hobbies. This doesn’t mean you can’t enjoy some fun actives, but toning down the wild lifestyle will get you more money every month to enjoy different safer hobbies.
Put Down the Cigarettes
Being a smoker is one of the worst things you can do for your life insurance rates. Smoking cigarettes make your monthly premiums double, or sometimes triple. You probably already know this one, but there are a couple of things that you probably don’t know about tobacco usage and life insurance.
As a smoker, you might be able to qualify for “preferred smoker”, which is better than all the other smoker rates, but you still be paying thousands more than a non-smoker. Thinking about quitting yet? If not, keep reading.
Regardless of how much cigarettes you smoke a day, you’ll still be considered a “smoker,” so either 1 or 100 every day, it’s probably not going to make a difference. One of the most common follow-up questions we get is, “what about the occasional cigar?” this is where it gets a little tricky. But for the most past, as long as you smoke a cigar rarely on special occasions, you won’t be put into the smoker category.
But if you’re a frequent cigar smoker, tobacco chewer, or any other forms of tobacco, you’ll be lumped into the smoker category, and you might as well kiss that extra cash goodbye. If you quit, you save money on your insurance rates, but you’ll also save money by not buying cigarettes, it’s a win-win.
Getting Lower Life Insurance Rates
Life insurance is one of the most important things you can buy for you and your family, but it will also quickly drain your bank account. Don’t become one of the people that spend thousands of extra dollars on life insurance. Many people will buy a policy from a family member or friend without shopping around.
Longevity Insurance Brokers is committed to providing you with life insurance for an affordable rate. We have some of the best rates offered in Denver, Colorado and the surrounding area. If you have any questions regarding life insurance, auto insurance, or homeowners insurance, we would be happy to answer your questions and find the perfect policy to fit your needs.