Insurance Agents Yield Better Life Insurance Rates Based on Health

    CHICAGO, IL, December 06, 2009 /24-7PressRelease/ -- While it may be difficult to quit smoking once you've gotten addicted, doing so might drastically reduce your life insurance cost. According to a recently published article on InsuranceAgents.com, the cost of life insurance depends on three factors: your age, health and habits.

"Needless to say, if you're a 55-year-old smoker who enjoys participating in the Running of the Bulls every year, chances are you will be paying a high premium on life insurance," the article, Life Insurance Cost: 5 Ways to Reduce Your Premium, reports. "Fortunately, if you fit into this category, there's still hope for you. Along with going on-line and gathering a multitude of life insurance quotes to find the most convenient and affordable policy for you, there are several steps you can take to decrease your life insurance cost."

The easiest way to save on life insurance is to start taking care of you. By getting in shape and quitting smoking, policyholders can reduce their life insurance cost by 50 percent. Most insurance companies feel it's a bigger risk to insure those who are unfit, so they charge a higher premium.

The article also suggests that you shouldn't disregard term life insurance. Many agents will attempt to persuade you to invest in whole life insurance, but term might be a more affordable option for you.

"According to the Society of Actuaries, a premium for whole life insurance can cost you up to 10 times more than term insurance," the article states. "Consult with your agent to determine if term life insurance is a better option for you.

By getting in shape and considering term life insurance, as well as not overspending and paying your bill annually, you can be well on your way to reducing your life insurance cost.

InsuranceAgents.com suggests that if you are interested in drastically decreasing your life insurance cost, contact your local life insurance agent or go on-line to compare life insurance rates today.

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InsuranceAgents.com connects consumers with local insurance agents, and provides expert articles to help consumers make the right decisions.

Website: http://www.insuranceagents.com/

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