Keeping Your Life Insurance Costs Low

Health insurance form with stethoscope

There are ways that you can help keep your life insurance affordable.

Life insurance is one of the most important insurance policies that you can invest in since it will provide your loved ones the financial coverage that they need when you are gone. Unfortunately, that peace of mind does not come free. Avoid these common situations to help keep your life insurance costs low.

  • Driving record – a few tickets won’t have any affect on your life insurance rates. However, if you have more than two moving violations within three years, you may see an increase in your premiums. Traffic tickets mean that you are taking risks, which increases your chance of passing away.
  • Cholesterol – high cholesterol is not a big deal if you are taking medication to control it. However, if you are not keeping up with your meds or don’t even have meds to take, your life insurance company will consider you a much higher risk, leading to higher costs.
  • Dangerous hobbies – any hobby that could increase your chances of dying will increase your life insurance costs. While biking and skiing won’t cause a rate increase, skydiving, scuba diving, and rock climbing will.
  • Weight – being overweight increases your chances of passing away. The more overweight you are, the more you can expect to pay for your life insurance coverage. Luckily, losing as little as 10 pounds can be enough to lower your rates.
  • Occupation – if you have a risky job, you will also have higher life insurance costs. Careers such as a race car driver and airline pilot are considered some of the most dangerous, leading to higher costs.

When looking for the right life insurance policy to meet your needs without breaking the bank, contact the insurance professionals at Desert Empire Insurance in Palm Desert, California.