How To Get Cheap Life Insurance Online In New York
Many people seem to have the mistaken belief that life insurance is expensive. But the truth is, if you are a relatively healthy person and you know how to shop around, life insurance can be more affordable than you think. Most people still want to get cheap life insurance online here in New York. And fortunately there are several rather simple things you can do to insure that you find the best rates possible.
First, buy life insurance before your next birthday. Each year that goes by as you get older makes the cost of your premiums more expensive.
Next, decide on which type of policy is right for your needs. There are basically two different kinds of policies you need to choose from and your decision can make a big difference later on in your life.
You will need to choose between whole life or term life insurance.
Term life starts out costing you less each month, and so many people assume it is the better deal. Keep in mind, though, that a term life policy is only good for a limited number of years. When your term is over, or when the policy has run its term, your coverage has ended. If you want to continue your policy you will need to buy a new one – probably at a much higher monthly premium.
A whole life policy costs more up-front but a whole life policy is good for your whole life – and so are the premiums you pay. The premiums on a whole life policy never change for the life of the policy.
Also, a whole life policy builds up a cash value after a while and you are able to use this cash value as you please as long as you keep 10% in the policy. It can be very handy if you ever run into a situation where you need to get your hands on some cash in an emergency.
But regardless of which type of policy you decide on, you still want to keep your monthly premium payments as low as possible.
- Make sure you have a good credit rating. I know it may sound crazy, but the better your credit score, the lower your life insurance premiums are going to be.
- If you smoke or use any tobacco products, you will need to find an insurance company with good rates for smokers. Even if you find one, your rates will be much higher than a non-smoker. Using tobacco shortens your life and increases your monthly insurance premiums.
- Also, being overweight shortens your life and also increases your monthly premiums. Losing even a little weight may drop you down into a lower weight category and that could save you money month after month, year after year, so do whatever you can to lose even a little weight if you are applying for life insurance.
- Keep your driving record clean. Having a few accidents or even a DWI can make you a higher risk to the insurance company and you will pay more for your policy. Or if you participate in extreme sports or have a career that is considered dangerous are all certain to increase your monthly premium.
Keep in mind that a life insurance quote is only quote and qualifying for a policy means you will need to submit an application. If you are really serious about getting the cheapest policy, you are going to need to speak with an agent who can direct you to the right company and find you the cheapest insurance policy. Just call us today for a free quote: 914-633-1717