How much will you life insurance cost you? There are a number of ways to save on your life insurance cost like shopping around and asking for discounts, but doing what you can to remain healthy can also help you lower your life insurance cost. There are a number of health factors that go into determining your life insurance cost, so taking care of yourself can also mean taking care of your budget, too.
Of course the best way to keep you life insurance cost low is to shop around before hand by getting several life insurance quotes. You will also want to check into any discounts that your life insurance company offers for specific life insurance policy amounts, too, as those will also keep your life insurance cost lower. Yet, the savvy life insurance shopper will want to make sure that he or she takes advantage of all the ways to save.
Controlling your weight is an important factor in being healthy, but it is also going to be a factor in your life insurance cost. Many life insurance companies take your height/weight ratio into consideration when determining your life insurance cost. The insurance companies that take your build into consideration when determining your life insurance cost usually use tables designed by the American Medical Association to determine a range. If you are only 10 to 15 pounds overweight with no other risk factors, you will probably not see your weight impact your life insurance cost. However, if you are 30 or more pounds over your ideal weight, then you may see your life insurance cost increase.
Besides your weight, your alcohol consumption can also have an impact on your life insurance cost. Many people will refrain from disclosing that they drink alcohol on a life insurance application, but your life insurance cost will not increase if you have a glass of wine with your dinner. Most life insurers are more concerned with drinking problems, which are discovered through questions about your DUI history, medical history, and other questions. Remember that if you lie on your application, then you could be accused of fraud and could result in your policy being nullified. Still, any alcohol abuse can result in a higher life insurance cost. However, as time goes on with no recurrence of any alcohol problems, your life insurance cost can level out and you may even qualify for more discounted rates.
Finally, one risk factor that is sure to increase your life insurance cost is smoking. When you undergo your urine test for your life insurance, you will be tested for certain levels of nicotine, which can classify you as a smoker. Insurance companies do often differentiate between heavy and moderate smokers to determine life insurance cost, but not smoking at all will give you the lowest life insurance cost. If you are a smoker, you may want to check with your life insurance company to see how long it will take for you to qualify for a lower life insurance cost should you quit smoking.
Basically, taking care of yourself can often lead to a lower life insurance cost. Plus, the changes you will make to lower your life insurance cost will also make you feel better and healthier, leading to a longer and more productive life.