You know you need life insurance coverage, but you might be anxious about the potential cost. Not to worry, here are three things you should consider so that you can find the cheapest life insurance for your needs.
1. Look at Your Current Health and Habits
For nearly all life insurance policies, the medical exam is unavoidable. Examining your current health, and your health habits in advance may save you money on your premium payments.
Here are some health questions to ask yourself before your health exam.
2. Don't Buy No-Exam Life Insurance Without Getting a Full Range of Life Insurance Quotes
If you have some medical conditions you might be tempted to pursue a no-exam life insurance policy. No-exam life insurance, or guaranteed issue policy, does not require a medical exam with your application, but there might be medical questions on the application.
No-exam policies have much higher premiums than a fully underwritten policy (one that does require a medical exam). Don't sell yourself short! Get life insurance quotes from all of the carriers available, you might be surprised by what is available. Use the form above to find the carriers available in your state. Comparing rates is one of the most important steps to finding cheap life insurance.
3. Look at Your Estate and Family's Financial Situation Closely
One of the easiest ways to find cheap life insurance is to avoid over-insuring yourself. You should only purchase enough life insurance coverage to replace income, maintain your family's standard of living, and to pay off any debts.
Choosing life insurance is a very personal decision. You are insuring your own health and providing your family financial support for the future. Improving your health, shopping around, and looking carefully at your financial plan are major steps towards picking the right policy. Now that you know what to look for, use the form above to start getting quotes and comparing options!
Save on Term Life Insurance in Virginia!
Q. Will my policy pay off my car loan if my car is totaled?
A. An explanation of what happens if your car is totaled out when you still owe money on your car loan or lease. Read More
Q. Will car insurance cover my stolen personal items?
A. If someone steals personal items from your car, will car insurance cover those items? Read More
Compare All Quotes in One Place