Save Money On Life Insurance
Life insurance is less expensive today, mainly because the rate
of accidents has fallen over the past few years. Life
insurance is not very easily switched to another company, so if you already
have a policy, you should call your current life insurance company to see
if you can get a new, less expensive policy. Here are some cost-cutting
tips:
- Don't pay for a level of benefits that
you don't need; if your investments will take care of most of your family's
needs, you should reduce your life insurance coverage and premiums.
- Ask if you can pay for the policy annually, which gives you a 6%-20% discount over monthly
payments.
- Ask about "insurance riders" and make sure you don't get
any riders that you may not need (examples: "accidental death"
coverage, "cost of living" adjustments, "disability waivers" and "credit
life insurance." )
- If you're in a dual-career marriage, you can save about 20% by
getting a single "first-to-die" policy, instead of two policies to cover
each of you.
Here's how to get free insurance quotes and find the best life insurance for your needs:
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Save Money On Life Insurance 
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Time to complete:
| 10 minutes |
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Money you'll spend:
| $0 |
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What you'll get:
| Life insurance at a discount price |
Step-by-step instructions:
- If you already have insurance, call your insurance company and get them
to lower their rates.
- Visit a site that will give you multiple quotes from insurers,
such as InsWeb
Life Insurance
 . A new window will open.
- Follow the online instructions.
- Before you accept an offer from an insurance company, visit
Insure.com's Insurance Company Ratings and make sure that it's
rated "A+" or "AAA".
- Remember to look for disability insurance too (at the time of
this writing, InsWeb doesn't offer disability insurance.)
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Further Reading:
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