Five Steps To Cheap Life Insurance Premiums

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Life Insurance Premium Calculator
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Five Steps To Cheap Life Insurance Premiums
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• Life insurance is all about calculating risk.
  When you take out a policy, you and your
  insurance company are both hoping that you'll
  never have to make a claim. Insurance companies
  are experts at assessing risk, and calculating
  how likely it is that a certain type of person
  will die at any given age.
• People are classed in categories, such as
  low-risk and high-risk-depending on their age,
  health and lifestyle, and those high-risk people
  pay much higher insurance premiums, because
  they're more likely to die sooner rather than
  later. How can you make sure you're in the
  low-risk category? Try following one or more of
  these five suggestions.
• Become a Vegetarian
• Some insurance companies are beginning to include
  diet in their risk assessment when they calculate
  premiums. They know that a meatless diet is much
  healthier than one that includes large amounts of
  animal protein. No animal protein and much less
  saturated fat in the diet means vegetarians have
  a 40 lower risk of developing some cancers, and
  a 30 lower risk of developing heart disease.
• Not all insurance companies take vegetarianism
  into account when calculating premiums, but if
  you're a vegetarian your arteries are going to be
  in better shape, you may have lower blood
  pressure and cholesterol, so those factors can
  help you get lower premiums with some providers.

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• Lose Weight
• Obesity increases the risk of cancer, diabetes,
  hypertension and heart disease, and on average,
  obesity reduces life expectancy by nine years.
  Not surprisingly, insurance companies view
  obesity as a risk factor, and the higher your
  body max index, the higher your insurance
  premiums.
• If you're overweight or obese, you're paying a
  much higher premium than you need to and, you're
  reducing your life expectancy as well. Losing
  weight will cut your insurance premiums and might
  just give you a new lease of life too.
• Women Get Covered Before Getting Pregnant
• Insurance companies view pregnancy as a high-risk
  condition, due to illnesses that may affect
  pregnant women. For example, previously healthy
  women may develop diabetes or hypertension during
  pregnancy, literally without warning. If you are
  pregnant when you apply for life cover, you can
  expect much higher premium quotes than you'd get
  either before or after pregnancy. You'll
  typically pay at least 50 more for premiums if
  you apply while pregnant. To keep your premiums
  low, buy life cover before getting pregnant.

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• Give Up Extreme Sports
• Also on the long list of things that insurance
  companies view as risky are extreme sports such
  as sky-diving, mountain-climbing and
  bungee-jumping. If these are your favorite
  sports, you're going to pay much more for your
  life cover.
• However, even if you're not an extreme sports
  lover, it might pay to check your Life Insurance
  Premium Calculator and find out how your
  favorite sports are classified. Some insurance
  companies put much safer sports such as
  horse-riding in the high-risk category, so you're
  better off finding an insurer with more favorable
  sporting classifications.
• Give Up Smoking
• The new emphasis on obesity doesn't make the
  risks of smoking any less. Insurance companies
  still charge smokers up to twice as much for
  their insurance premiums as they do non-smokers.
  If you're a smoker, kicking the habit will save
  more on your insurance than any other lifestyle
  change.
• In addition to the above steps, one of the most
  powerful money saving tips is to compare as much
  of the market as you can and use a discount life
  insurance broker.

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