Life insurance is a smart investment that will offer tax-free funds to your family upon your death. This part of any well-rounded financial plan is important. Investing in a life insurance policy now will give you peace of mind knowing that your loved ones will receive care no matter what unexpected circumstances may arise. If you don’t have a life insurance policy in place, it’s never too early to start considering your options.
Life insurance policies aren’t a one-size-fits-all purchase. You need to consider many factors when you’re in the market for a new plan. Longer policies typically have higher rates, but locking in a term policy now will protect you from the growing premiums that you’ll pay as you age. You’ll want to find the right balance between a comfortable amount of coverage and a monthly premium you can easily afford.
If you’re struggling to find a premium that fits in your budget, you may want to know what factors go into deciding that number. You can’t change your age, but you can alter some of the other vital considerations that your insurer is examining. Maintaining a healthy weight and giving up smoking will make a big difference in the price of your premium. You’ll also enjoy a lower premium if you have a safe driving record. Quiz yourself on the factors that impact your life insurance costs. By Improving your knowledge of life insurance now, you can help score the best plan possible that fits your specific needs.
About Health IQ
HealthIQ’s mission is to improve the health of the world. In pursuit of this mission, they’ve created over 2,000 quizzes and worked with innovative insurance companies to create financial rewards for health conscious people. To date, Health IQ has helped thousand triathletes, vegans, runners, and other health conscious people secure billions in life insurance coverage, and they hope to expand to other financial rewards in the near future.