Personal Insurance

4 Ways to Save Money on Life Insurance Premium

By November 4, 2013 July 29th, 2019 No Comments

Looking to save on life insurance? Look no further. At Nulty Insurance, we do not only have comprehensive and affordable life insurance rates, but we are always here to extend a few ways to save money.

Here are four tips to take into consideration:

#1: Quit smoking, for your health and for your bank account. Smokers will pay a higher premium than non-smokers due to the risks associated with the habit. Quit smoking today for a lower premium in the future.

#2: Choose term life over whole life to save money. It is a fact that term life insurance is the much more affordable option—without sacrificing quality coverage. Once the term is over, you can always renew or choose to upgrade to a whole life policy.

#3: Always pay your insurance bill on an annual basis, rather than monthly. It may seem like a large chunk of money up front but it will save you from additional installment fees later. You may save up to $50 a year!

#4: Improve your overall health. If possible, improve areas of your health for a lower premium. For instance, those who are considered to be “obese” may dish out more money on a life insurance premium due to their state of health. If you can find simple ways to improve, ask for a re-evaluation.

If you have not tried the above tips, why not try now? If you are interested in learning about more ways to save money on life insurance rates, do not hesitate to reach out to our agency at your earliest convenience. At Nulty Insurance, it is our mission to provide our clients with the best possible coverage for the best possible price. We take great pride in being built on innovation, security, and integrity!