Getting a term life insurance policy is not just about picking the cheapest, most affordable plan. You want to think about if it actually covers everything you and your loved ones need.
You should be thinking about the present and future.
First, think about your coverage needs like: How much do you owe on your mortgage, how much accumulated debt do you have, & how much do you plan to leave your loved ones?
Next think about what exactly the life insurance carriers look at. These factors play a big part in how much you will pay for your term life policy. They look at things like general health, family medical history, age, gender, smoking, and your lifestyle choices.
Now that you covered how much coverage you need, here are some tips to follow to get the best possible policy for you:
1. Know your height and weight. When purchasing a life insurance policy, life insurance carriers are very strict on the nitty gritty details. They need to know the state of your health to decide on the life insurance policy for you.
2. Try to live as healthy of a lifestyle as possible. The healthy you are, the more likely you are to receive lower premiums on a term life insurance plan.
3. STOP SMOKING. This goes for anything you do in life. Smokers pay almost double on premiums than nonsmokers. Quit smoking for your health and lower cost.
4. Consider layering your life insurance policies. Some carriers recommend buying multiple life insurance policies to cover different periods of your life.
5. Buy a term life insurance policy now. The younger you are, the more likely you are to receive an affordable plan.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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