While how term life insurance policy rates are determined may seem like a mystery, there are some very easy things you can do to reduce your rates. If you came here looking to get level term life insurance quotes please fill out the form on the side of this page or keep reading to learn more about lowering your term life insurance rates.
Level term life insurance is the simplest form of life insurance so there is not any tweaking of the actual policy that can lower your term life insurance policy rates other than to lower the amount of coverage . What you can do is look at health decisions that you are making that may affect how your rates were determined. If you are a smoker you have to quit smoking. Being a smoker immediately puts you into a high risk category no matter what other factors are involved in your health.
Another major factor that will kick you into the high risk category is being overweight. People whose weight is over a certain number in relationship to your height. Quite simply the taller you are the more weight you can carry. So if you are five feet zero inches you cannot be has heavy as someone who is six feet tall and expect to get the lowest term life insurance policy rates.
The final way to get your term life insurance policy rates down is to change how frequently your premiums are paid. Two people who are identical in every way, but one pays their term life insurance premium on a monthly basis and the other pays it annually will have very different total term life insurance policy rates. By making this simple change of paying your premium on an annual instead of monthly basis you can reduce these rates by as much as 10% a year. The key is to start saving your monthly premium each month until you have enough to pay on an annual basis.
The best way to get started with level term life insurance is to get a set of quotes. The reason for this is that you cannot really know what your term life insurance policy rates will be until your information and general health are evaluated and a quote is generated. By filling out the form on the side of this page you can get a set of quote from multiple term life insurance companies. At TermLife360.com we are dedicated to helping you find the best rates and company for your needs. If you have any questions or if there is any way we can serve you please let us know.