INSURANCE CENTER: Life

How can I reduce my premiums?

Life Insurance
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Three simple suggestions:

  1. Quit smoking.
  2. Quit smoking.
  3. Quit smoking.

Smoking costs you big-time when it comes to life insurance (not to mention life in general, but we won't preach here). We hit the Internet quote sites and impersonated a 30-year-old male in average health, looking for $250,000 of 10-year level term insurance. For a smoker, the best premiums were typically between $300 and $350 per year. After dropping the cancer sticks for just one year, our same virtual shopper could find premiums in the $100 to $200 range. (That savings pales in comparison to the moolah you can sock away if you quit, which you can easily track with this tool.)

So, to reiterate, a great way to reduce your premiums is to substitute Bic pens for the smoky treats. (Note: We are not advocating that you smoke pens.) For some ideas that really work, and support from other smokers and ex-smokers, check into our Quitting Smoking discussion board.