1. 1450 POINTS
    Fred Adams
    The HSA Expert, Health Revival, Athens, GA
    Life insurance premiums can vary dramatically based on a number of factors, including age, sex, health, and residence. Prices, and underwriting practices, also vary dramatically by company. The best way to find "cheap" coverage is to speak to an agent that represents many different carriers, giving the agent the ability to shop your case to find you the absolute lowest rates possible. Unlike health insurance, life premiums can vary, often by 400% or more, based on your health. You normally take a paramed exam to verify your health status, so be advised that the rate you are originally quoted may increase after the exam.
    Answered on September 9, 2014
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance is priced the same for everyone. You cannot get a discount on life insurance, and the discount store mentality does not work well with life insurance. You need to work with a knowledgeable agent to get your cheapest price. Getting a low quote from someone who knows little about life insurance does not mean you will get that price.

    I feel that the best way to buy cheap life insurance is to use an agency who can take your health information and match you up with the company that has your best rates. Some, like mine, can be found online. But wherever you go, the place to buy cheap life insurance is where the agent is valuable.
    Answered on September 9, 2014
  3. 712 POINTS
    John Cole
    Recruiter/Manager, Cole Insurance Investments, Charlotte N.C.
    Well sometimes there can be certain people that will need a term policy because of where they have focused their budget in the past, over all it doesn't fit every persons goals but will be cheaper. I will use my story to answer the question when I purchased my policy I realized that it would take some focus on my part even working with a very knowledgeable agent I already knew just like most families we wait until about 45 -55 years of age to purchase what we should have purchased in our 20's in the first place and then we start shopping to find out wow this is not cheap but it is now or never. So $300 a month was not cheap for me but I knew it's now or never so I made a commitment to my family it's now I want leave them with this burden it's just a decision just like the one that caused you to make the decision to wait. now where did that come from procrastination and that can be inherited by your children so I would say change your focus change your life.
    Answered on September 9, 2014
  4. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The cheapest life insurance policy is the one that you already own. The cheapest life insurance policy you can buy is one that is scheduled to expire the day after you die. The fact is that the cheapest life insurance policy is always the one that is in force on the day that you die. If that is your concern work with a good life insurance agent. The agent can match your needs with a policy that will fit into your budget. Remember that when you save money on the premium and the policy expires before you die; it is your loved ones that pay the price.
    Answered on September 9, 2014
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