Tips You Can Use: Save Money on Your Life Insurance Policy

Posted by Matt Simon on Dec 10, 2009

Have you noticed that certain insurance costs have been on the rise over the past few years?

As an independent insurance agency providing Life Insurance, Hill & Hamilton does everything possible to ensure that you have the best available protection while keeping you at the best rate obtainable...

So, with that in mind we thought we would share some recent ideas we came up with for things that you can do to ensure the biggest savings on your life insurance policy:

Make a Lifestyle Change - Nothing will decrease your policy bill like a lifestyle change!  It is a well-known fact that life insurance rates are lower for those who are not at a high risk for heart disease, cancer, diabetes, or high blood pressure, because they are a lower risk for the company.

Consider adding a Policy Rider - Need to make some policy changes or add extra coverage?  Instead of buying a new policy, try modifying your existing policy by adding on a rider to meet additional needs.  This can often be more cost-effective than changing everything around on your existing plan.

Clean Up Your Credit - It may seem silly that life insurance and credit are related, but just as an insurance company is taking a risk with someone who has made poor health choices, they are also taking a risk with someone that has poor credit. Those with poor credit often get denied life insurance or are put into special programs with high premiums. If you think your credit rating is improving, ask us for a credit review to help lower your rates!

Make Sure You Have What You Need - Every person is different and has different needs.  Consider taking a little time to determine whether your policy currently meets YOUR needs.  If you need help, we are more than willing to sit down with you to discuss your protection levels.

Remember, we at Hill & Hamilton are here to help you make sure you have the best insurance protection at the best rates possible.

Our hope is that you and your loved ones can benefit simply by applying these great, money-saving tips!

 

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Category: Life Insurance (2), Consumer Tips (2)