While your age and your family history are two of the key considerations in determining the cost of your policy, here are a few suggestions for reducing your premium:
- If you smoke, quit immediately.
- If you’re overweight, make plans to lose weight now.
- Reduce or eliminate alcohol consumption.
- Drive safely: if you have multiple moving violations, you can expect higher life insurance premiums.
- Leave skydiving, scuba diving, and race car driving to others: high-risk hobbies can increase your costs.
- Limit the number of riders on your policy.
- Consider term life over universal or whole life.
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