Life insurance policies are financial products that too many people don’t think about until there are important changes in their life — either positive or negative. Usually, people start to think about “grown-up” things like life insurance after getting married, having their first-born child or when they start to acquire major assets like a house.
At this point, even free spirit individuals come to the conclusion that life as an adult requires them to take certain precautions in order to protect their loved ones. What if you die unexpectedly? What if you got sick? What if you couldn’t work and earn a paycheck for a certain period of time?
Life insurance policies are specifically designed to protect your family/beneficiaries in these scenarios, but if your life is going at 100 miles per hour, you may not have the time to call half a dozen insurance companies, wait on the phone, go through a medical exam, wait for the results, etc.
Thanks to the variety of tools that are available online nowadays, you don’t have to: purchasing une assurance vie en ligne is a thing, and you should definitely take advantage of it. Now, it goes without saying that you want to make sure you’re getting the best deal possible in your situation, and here are a few tips that will help you in this endeavor.
Drop A Few Pounds and Quit Smoking
It almost goes without saying, and yet… Some people are still shocked to learn that smoking and being seriously overweight have a drastic impact on the premiums they pay because of the impact these 2 elements have on their health and life expectancy.
If you have pre-existing conditions, there is really not much you can do except manage them, but there are definitely some aspects of your health that are entirely under your control, and you need to make sure that you’re helping yourself as much as you can, here.
Quitting smoking once and for all, and putting down the fork a bit sooner at mealtime will help you save some serious money. Cutting sugary and / or alcoholic beverages from your diet (or at least reducing your intake of these products) is also a step that will help you decrease the cost of your life insurance premium.
Drive And Play Safely
Even with online life insurance, there is an underwriting process used to calculate the premiums you will pay, and the goal of this process is to assess the likelihood you will cost money to the insurance company, in part because of your behavior on the road and other places that could endanger your life or your well-being.
That’s why the vast majority of life insurance companies will take a look at your driving history to make sure you don’t exhibit a pattern of recklessness on the road — or to charge you accordingly if you do. Some will also ask you questions about your hobbies to determine if you’re the type of person who risks their lives every other weekend just for the thrills.
Balance Your Checkbook
This tip is probably the most surprising on this list, and yet you should definitely take it at face value: being bad with money — which can be inferred from a bad credit score or a bankruptcy — can have a negative impact on your underwriting process and raise the premiums that insurance companies will ask of you.
Indeed, insurance companies assume that bad money management skills can translate or be the consequence of overall poor organizational skills or discipline, 2 points that slightly increase your likelihood of putting yourself in situations that would lead to a payout on their part.
Tell The Whole Truth And Nothing But The Truth
If you think that purchasing life insurance online is a good time to play fast and loose with the truth, you’re sorely mistaken. Filling up a form to get life insurance is not supposed to be a creative exercise where you try to paint the best possible picture of your circumstances.
Detecting fraud is one of the utmost priorities of life insurance companies, so if they find out that your initial application wasn’t 100 % straightforward and truthful… you’re in for a lot of pain, and probably no financial protection whatsoever when bad luck comes hitting at your door.
Now that you know the best tips to get a life insurance policy for as cheap as you can get, put them in practice!