Seven Easy Ways You Can Guarantee You'll Get the Lowest Life Insurance Rates in Town
You're about to discover seven easy ways to virtually guarantee you'll pay lower life insurance premiums no matter where you buy your life insurance or who you buy it from.
Dear Friend,
If you can qualify for an insurance company's preferred rates, you can save a bundle of money for as long as you keep your policy.
Here's an example of what I mean...
A 45-year old male can save as much as 25 percent (and even up to 30 percent) on a $250,000 term life policy. That could amount to thousands in savings over 10, 20, or even 30 years, and that's a big chunk of cash, isn't it?
Clearly, it can be a little tough to qualify for the lowest rates. Before you can even be considered for a preferred rate, an insurance company will take a hard look at things like tobacco use, low cholesterol readings, a history of asthma, low blood pressure and life-threatening illnesses. That's to be expected.
But that's not all they look at.
Insurance companies are also on the lookout for something that's all too often taken for granted... a good medical exam.
Before any life insurance company will issue you a policy, it will want to know the details of your medical history. It may investigate your medical records through the Medical Information Bureau (a very common practice) and more often than not, it will require that you take a medical exam.
You medical exam is conducted absolutely free of charge. It's done at your convenience at your choice of locations. It usually takes about 30 minutes or less to complete. Now here's the hard fact...
If your medical exam doesn't turn out good, you're probably in for a higher premium. That means you could end up paying more for your life insurance than you should. Can you do anything to assure top-notch results? You bet you can! Getting the best possible medical exam results are easier than you think.
The inside secret is in the way you prepare for your exam. If you just follow these seven easy steps 24-hours before your exam, you'll be on the right track to qualifying for the lowest rates in town...
- You should get plenty of sleep the night before your exam. God to bed several hours earlier than you normally would.
- You should try to avoid stress of any kind. It can cause artificially high blood pressure and pulse readings.
- You should avoid alcoholic beverages of any kind. They also can cause artificially high blood pressure and pulse readings.
- You should avoid all tobacco.
- You should avoid all forms of caffeine beverages including cola. (Same reason. Tobacco and caffeine, like alcohol, can cause artificially high blood pressure and pulse readings.)
- You should avoid all foods high in salt content. Read the labels on any frozen or packaged food before you eat them.
- You should avoid eating eggs and all other high cholesterol foods at least a day, or even two days, before your exam.
One last thing. Don't forget to follow all the fasting requirements you were told about when you made your medical appointment.
On the day of your exam, here are two more things you should do to save time and make the whole process move along faster...
- Drink a large glass of water one hour before your exam so your urine specimen can be easily obtained.
- Make a list of all the current medications you're taking including herbal remedies. Be sure you include the dosage, frequency, and the name of any prescribing physicians.
Ok, now you have some specific, easy to follow techniques to supercharge your chances of getting the lowest of the low life insurance rates. But that's not all...
This is very important. If something should turn up in your medical exam, you have the right to dispute the finding. In some cases, volunteering for further medical tests or treatments could result in a drastically reduced premium.
Now, here are some important insider facts about life insurance that you should know that 99 percent of the American public doesn't know...
Your Driving Record:
Your driving record is often used by life insurance companies as a determination of your character. Obviously, the cleaner your driving record, the more likely you are to get preferred status. It's possible to overcome a poor driving record with other things, like for instance...
Your Family History
If your parents lived to a ripe old age (or are still living) that counts in your favor. If your brother(s) and/or sister(s) didn't die prematurely of heart disease, cancer, stroke or diabetes, you are in luck.
Life insurance companies look for a pattern of early death in family trees. If you've unfortunately lost family member due to any of these diseases you can still jump this hurdle by having a history of regular check-ups and doctor visits, and that's not all.
Your Exercise Program
If you work out regularly, many life insurance companies will consider you a better risk. Your insurance application will ask for this information about your exercise program. please don't blow this question off as not being very important. It is important. So, be very specific about the nature, duration and frequency of your exercise program, whether its jogging, tennis, chopping wood, or even vigorous household chores...they all count.
Your Height/Weight
If you're within the normal ranges of height/weight charts, you'll be ok.
If you're not, you can overcome this with some of the other things I mentioned earlier, like low blood pressure, a good driving record, low cholesterol and so on. All together, you'll be back in the hunt for the lowest premium.
Your Tobacco Usage
All life insurance companies give their lowest rates to non-smokers, period. If you're the ideal risk, you haven't used tobacco of any kind for four years. However, just because you smoke, it's possible you could be considered a "preferred smoker." Just be specific on your application about your smoking habits.
A two-pack-a-day person will usually pay higher rates than a one-pack-a-day or 1/2-pack-a-day person. Cigar smokers and occasional smokers will pay less than regular cigarette smokers. And tobacco chewers will usually pay less than smokers.
Your Credit History
Like your driving record, your credit history is viewed as an indication of character. A good record is another step toward preferred status. If you have a poor credit record, it can be overcome by other positive factors and occasionally, an explanation of your past financial problems. Like your medical exam, if something negative should turn up, you have the right to dispute the findings.
So there you have it:
Seven Easy Ways (and some additional insider
information) to help you get the lowest life
insurance rates in town.
Good Luck to You,
Jan Pinney
