One of the most common misconceptions about million-dollar life insurance is that it’s too expensive to fit in the average policyholder’s budget, but in most cases, that couldn’t be further from the truth. Our clients are often shocked to see how affordable million-dollar insurance plan can be. If you want to get affordable life insurance coverage, there are several ways that you can do that.
At MillionDollarLifeInsurance.com, it’s our mission to ensure that you’re getting the best plan available. We know that shopping for life insurance protection is not a fun task. It’s important that you plan for the inevitable. If you don’t have life insurance, and something were to happen to you, then your family would be responsible for all of your debts and other final expenses.
If you haven’t bought life insurance because you assume that it’s going to break your bank, then this article was designed for you. We are going to explain some of the best ways that you can save money and still get the million-dollar life insurance protection that your family deserves.
When you apply for life insurance, the company is going to require that you take a medical exam, and as a part of that exam, the company is going to take a urine sample to look for any traces of tobacco in your body. If they find traces of tobacco, then you’re going to be assigned smoker’s rates, which is going to be drastically higher than a non-smoker is going to receive.
Anyone that uses tobacco, either chewing tobacco or smokes cigarettes, is going to have a higher chance of being diagnosed with various types of cancers or cardiovascular complications. That means that tobacco-users are a higher risk to the insurance company, and they are going to offset that risk by charging you higher premiums. In fact, smokers are going to pay at least twice as much for their insurance coverage versus what a non-user is going to pay. If you want to save money, one of the best ways that you can do that is by kicking those bad habits once and for all.
If you’re shopping for a one-million-dollar insurance plan, smoking is going to play a significant role in how much you pay. It’s a drastic gap between how much non-smokers are going to pay. In fact, some companies are going to decline your application for a million dollars of life insurance if you’re a smoker.
As we mentioned, the insurance company is going to require a medical exam (unless you purchase a no-exam plan, which is difficult to find for a one million dollar insurance plan), and the results of that exam are going to impact how much you pay for coverage. If you want to save money, then you will need to get better results from the exam. There are two main ways that you can do that: diet and exercise.
Both of these are going to help you lose weight, lower your blood pressure, lower your cholesterol, and much more. All of these benefits are going to translate into better premiums from the insurance company. If you’re overweight when you apply for life insurance, then you can pay around 50% for your insurance coverage. Take the time to get in shape before you apply for insurance, your doctor and your wallet will both thank you.
One of the lesser known factors that the insurance company will look at is your driving record. They are going to pull your DMV files, and if you have any moving violations or vehicular accidents within the last year, then you’ll be considered a “high-risk” applicant, which means you’re going to be paying more every month.
If you want to save money, it’s time for you to slow down on the way to work every morning. Taking a couple of extra minutes every day could save you money on your life insurance plan, not to mention that you won’t have to pay those expensive speeding tickets.
The best way to ensure that you’re getting the lowest insurance premiums is to compare dozens of rates before you pick the one that’s going to work best for you. Every insurance company is different, and all of them have various medical underwriting and ways that the calculate premiums. That means that you could get drastically varying rates depending on the company that you receive the quote from.
There are thousands of different insurance companies on the market, which means you could spend days calling agents to get the best rate, or you can let one of our experienced agents do all of the hard work for you. Unlike a traditional insurance agent, our independent brokers work with dozens and dozens of highly rated companies across the nation.
Our agents represent some of the most highly-rated companies across the nation, and we can bring a set of personalized quotes directly to you. Working without agents can save you both time and money on your life insurance coverage.
Getting The Million Dollar Life Insurance You Need
You never know what’s going to happen tomorrow, which means that you shouldn’t wait another day to contact one of our agents and get the process started. Not having life insurance coverage is one of the worst mistakes that you could ever make for your loved ones. If something tragic were to happen to you, and you didn’t have insurance protection, all of your debts and final expenses would go straight to your family.
Losing someone that you love is never going to be easy, but being responsible for a mountain of debt is going to make the situation that much worse. If you have any questions about getting cheap million-dollar life insurance, please contact one of our agents today. We would love to answer those questions and connect you with the quality plan to meet your needs.