Life Insurance Take A Last Gasp And Count The Savings
Below is a MRR and PLR article in category Finance -> subcategory Insurance.
Life Insurance: Take a Last Gasp and Count the Savings!
Summary:
Have you recently kicked the smoking habit? Besides the health benefits and savings on cigarettes, you could be paying up to 60% less on life insurance! Here’s how you can save.Article:
We’re not being insensitive?"we’re talking about your last puff of smoke. If you’ve recently quit smoking, you might not realize the financial benefits that extend beyond your health and cigarette savings.Did you know smokers pay up to 60% more for life insurance than non-smokers? By quitting, you not only improve your health but also qualify for lower insurance premiums. These savings can be significant?"potentially at least $10 or more per month.
Most insurance companies require a five-year smoke-free period to qualify for non-smoker rates. While waiting five years can feel long, there are faster options. Some insurers have reduced this period to just one year. If it’s been 12 months since you quit, explore switching to one of these companies. Just remember: never cancel your current policy until you receive written approval from the new insurer.
Finding the Right Insurer
To locate the best deal, start on the internet. Look for a life insurance broker who:- Searches the entire market for the lowest price.
- Offers discounted prices by rebating some commission back into your policy.
- Provides personalized phone consultations to ensure you get the cheapest rate based on the one-year non-smoking criteria.
Beware of online quotes that don’t specify whether it’s based on a five-year or one-year smoking status. Speaking with a life insurance advisor allows you to clarify and compare with your current policy, ensuring an apples-to-apples comparison.
Once you find a fitting quote, consider applying if the price meets your expectations. Just remember, age will affect premiums, so savings might be less than 60% depending on how long ago your existing policy was purchased. Still, life insurance has become more affordable recently, so exploring your options could lead to notable savings.
Application Process
After receiving a favorable quote, fill out the application form fully and honestly. Avoid the temptation to embellish information for a lower premium. Insurers verify details during claims, even years later.In recent years, insurers have become more selective about standard term acceptance, with stricter health and weight guidelines. Therefore, ensure you have final acceptance from the new insurer before canceling your current plan.
Switching policies might sound daunting, but the potential savings and rewards for quitting smoking make it worthwhile.
Good luck?"and enjoy the savings!
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