Carla

Houston Texas

Buying life insurance can be a daunting task. More often than not, most insurers require you to answer a number of questions and to undergo medical examinations for them to determine how much of a risk you are to insure. The bigger the risk you are to them, the higher the rate you’ll have to pay for your policy.

Nevertheless, do not let this process dishearten you from getting the best life insurance rates. If this is your first time to buy coverage or if you are thinking about finding a new policy with lower premiums, it pays to know what criteria most insurance companies use when classifying their premium rates. In doing so, you will have your chances of improving those things that can help you avail of best life insurance rates.

Your age. This is one of the major factors that can greatly affect your life insurance rate. Being young is, without a doubt, advantageous to anyone planning to purchase a policy. Apply while you are younger. But remember, you might only consider life insurance when you have a family depending on your income. So, if you’re still single and young, you don’t have to rush yourself to get a policy now just to get the best rate. There are still many insurers that can give you preferred rates even if you are older.

Your Lifestyle. Another factor that determines your insurance rate is your current lifestyle. Even if you are on your twenties but you smoke, expect to pay triple the rate of a non-smoker. Similarly, you also get to pay higher rates if you play extreme outdoor sports like motocross. The best way to reduce your rate is to stop smoking at least for a year before applying for coverage and or to choose lesser risk type of sports such as an indoor type of game like chess.

Your Health. High cholesterol and overweight are some of those health problems that may have a big impact to your life insurance cost. But if you can prove that you are getting proper medical care for these conditions, most insurers will typically give you standard rates.

Before shopping around for best life insurance rates, you need first to evaluate your own needs. Figure out how much coverage and what type of policy work best for you. Spend enough time on this if you don’t want to waste your money buying a policy that doesn’t pay out enough to cover your family’s basic needs

Tim

Houston, TX.

Tim,

On this type of website you complete a simple online application, after which you’ll begin to receive quotes from multiple A-rated Life Insurance companies. You can then compare those quotes and choose the cheapest term life insurance policy with the coverage you want.

Several factors are involved in determining how cheap your cheap term life insurance will be. Your age and your general state of health are big considerations. The younger and healthier you are, the less you will pay. If you are overweight and/or are a smoker, expect your rates to be higher. The life insurance coverage period matters, too.

One benefit of selecting cheap term life insurance is that your monthly premium payments will always be the same. The amount you pay on the first month is the same amount you will pay on the last month. Having a fixed monthly payment for a fixed number of months makes it much easier when you’re trying hard to manage your finances.

Excellent Question Tim. Hope this website answers your concerns.

Tina

Dallas, TX.

Tina,

Just because you smoke or use tobacco does not mean life insurance is not affordable. Usually, when you are applying for life insurance, the agent or application will inquire about your smoking habits, and ask you if you are or have smoked in the previous 12-72 months. Typically you will be asked if you have used tobacco products, including cigarettes, cigars, dip, snuff and chewing tobacco during this time period. If you enjoy a good cigar from time to time or smoke just two cigarettes year, you are a smoker by insurance standards, even though the nicotine traces won’t show up in your required urine test.

Therefore,smokers  life insurance is a very competitive business these days. Consumers have more information than they used to with TV ads and internet life insurance company websites. You have choices, and because of this, a little competitive shopper can help you find the best available rates for your situation.

Interesting question Tina.  Hope you have found this website able to answer your question.

Kevin

Spring, TX.

Kevin,

The obvious answers is yes. But some Life Insurance companies will give you better rates if you can prove that you are now a non smoker.

Following  from last year’s public smoking ban this is another area in which smokers are being specifically targeted. Premiums for non-smokers have slowly fallen in the last few years whereas those for smokers have risen sharply, some estimates claim that smoking policy holders are paying up to 100% more than their non-smoking counterparts.

When you are applying for life insurance, the agent or application will inquire about your smoking habits, and ask you if you are or have smoked in the previous 12-72 months. Typically you will be asked if you have used tobacco products, including cigarettes, cigars, dip, snuff and chewing tobacco during this time period.

Hope this answers your question. Thank you Kevin. 

A: Life insurance is such a competitive business. This can be a good, affordable choice for some, but many people will get a cheaper price by taking a few minutes to take a convenient physical exam.
When you shop for life insurance online, it is possible to get a no exam life insurance policy. This applies most often to term life insurance policies, so the easiest way to find no exam life insurance is by searching a website with a large database of insurance companies that provide term life insurance policies.
Insurance companies usually use individual “lifestyle factors”. Such factors usually include your age, gender, occupation, current health and whether or not you’re a smoker. The latter makes a huge impact on the overall cost of the insurance. So if you are a smoker, who’s considering taking out life insurance, then quitting could potentially save you thousands.