More Affordable Life Insurance -- 5 Sure-Fire Steps You Must Not Miss

More affordable life insurance: You don't need to do difficult things in most cases in order to bring down your rates. It's usually little things that result in massive discounts. Let's look at a good number of them here...

1. You must have heard of some types of life insurance policies that are usually very cheap. Agents do NOT get commissions on this particular types of policies. They also exclude a lot of other administrative and marketing overheads.

The major advantage of such policies being that almost all you pay as premium goes into building cash value. Some of these policies are No Load while others are called Low Load policies.

If you're comfortable with variable life insurance policies then you can pay a lot less by going for either of these policies. Check with your financial advisor. You can also buy them from agencies that sell them directly.

But be careful because agents don't earn their commission for nothing. These policies are only advisable for those who are well-versed in insurance and investment matters.

2. Vocations that are regarded as hazardous get more expensive life insurance quotes. Choosing a non-hazardous profession will lower your life insurance rate by a considerable margin. If your occupation exposes you to dangerous chemicals, for example, your life insurance rates will be much more than that paid by a similar profile who probably works as a cashier in an office.

3. Using tobacco in any form will add to your rates. For example, you will get a higher life insurance premium if you chew or snuff tobacco. So for your wellbeing and cheaper rates, stop using any tobacco product.

4. Paying your premium annually will result in more affordable rates than choosing monthly payments. True, monthly payments might be less stressful but it is also much more expensive.
There are transaction charges that are attached to processing a check. .While a yearly payment attracts a single check and therefore one transaction per year, monthly payments attract twelve.

This implies that transaction charges would be 12 times more for people who pay monthly.
Besides, there are also administrative costs that are incurred due to the monthly payment option. For example, it costs insurance companies millions of dollars annually to mail payment notices. These and more are then added to your life insurance rate thereby making it higher than if you paid every year.

5. You can bring down your life insurance costs by obtaining and comparing quotes from a minimum of five reputable insurance quotes sites. That way, you will be able to get the lowest quotes available as five sites will return up to 25 quotes altogether.