Optimize your life insurance - Average savings: $110 per month
National life-insurance premiums have significantly dropped since the 1990s. You can save on your life insurance bills by getting a quote and replace a life insurance policy bought years ago with a comparable one at a new, lower reduced rate. For example, a $500,000, 20-year guaranteed level term policy from the Prudential would cost a healthy, nonsmoking, 50-year-old man about $2,125 a year in 1998. This is according to Accuquote.com. Today, the same consumer, now aged 60, could pay the Prudential just $1,385 per year for the same coverage over the next 10 years. Savings are $60 per month. It is quick and simple to get a new health insurance quote. Many websites can provide a new quote for free, and really in a matter of minutes.
Another option for anyone at any age. Just adopt a healthier lifestyle and you will get re-rated for a lower premium. As an example, a 40-year-old man with a $1 million, 20-year term policy could save over $50 a month by cutting their cholesterol by 30 points. They can save $65 a month if he dropped 50 pounds to reach ideal weight; and the person could save $165 a month just three years after he quit smoking. Many insurance carriers will give some form of health screening, and they are bound to pick up your lifestyle and health habits. So making some short term changes or improvements to your lifestyle can save you a substantial amount of money on health insurance rates and premiums.
Follow your doctor's advice for shaping up, and get a physical checkup before applying for a new life insurance policy. Then, search the internet for a new, lower priced policy that will save you money on your monthly premiums.
Get more money saving tips and advice from Consumer Reports and other leading publications and experts.
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