ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Life Insurance Coverage

Updated on May 20, 2013
Life Insurance Coverage
Life Insurance Coverage

Life Insurance

There are several factors that influence the amount you pay for life insurance coverage, including age, health. If you smoke, if you have other health problems or if you like to do dangerous extreme sports, forget the low prices, because it will represent a greater risk to insurers.


Here are some tips to save on life insurance coverage:

Forget Loyalty

If you have a life insurance benefits as part of a business, all right, but you shouldn´t have only this life insurance, because the jobs do not last forever. This means that you should add a supplementary insurance to cover what is not in the policies of your company.

Compare the conditions of the insurance you have in your job with the insurances you can buy separately and make the necessary adjustments to get as much coverage you can without being tied to one company.

Negotiate life insurance

As on any purchase you make, you must negotiate the price. If you have very good physical condition and minimal risk to the insurer, throw those assets to lower the amount payable. Not smoking can lower the monthly payments by 50% due to the risk it represents.

Find a medical specialist in case of problems

If you have some kind of health problem, but that is not serious when compared with most other patients with similar symptoms, you must go to a specialist and get a medical report indicating that there is no severe disease, if that´s the case.

For example, if you´re diabetic but you can show that the values are controlled with medication, you may prove that you´re not in the same level of diabetics who are at higher risk for a life insurance policy.

Keep yourself healthy

As mentioned above, only the act of no smoking may be enough to lower the insurance premium by 50%, but being in excellent physical condition could mean even lower premiums. So exercise yourself and lose weight to save money on life insurance.

Beware of the extras

The insurers and authorized agents will try to increase the monthly premium as they can get, because it´s part of their business. So, they will offer you several extra coverage for more than a small monthly amount. For example, death by accident is statistically unlikely, so it is no worth betting your money in the way how the accidents can happen. Make the necessary basic coverage and enjoy the money you save to invest and get rich.

Avoid hidden fees

There are many forms for insurers to charge more for your life insurance. One of the most common is the ability to pay the premium by doing monthly payments – This way you´ll pay more 10%. If you choose the annual payment, usually you get lower prices.

A life insurance coverage is very important and you should not risk living without it. However, as in all financial transactions, we can try to save money in this business.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)