This Year Take a New Year Resolution That Will Help You Lower Your Life Insurance Costs

If your New Year resolution failed to bring a positive change in your life the last year, 2016 brings you yet another opportunity to take charge of your life. Resolve to make savings a priority this year and do whatever it takes to be a successful investor. Most of us find it difficult to stick to our resolution but the long-term benefits of this decision; will surely keep you motivated all through the year.

Here is a list of 3 improvements that you need to make in your lifestyle if you wish to enjoy significant savings on your insurance in 2016:

Lose Weight to Manage Money Better

Life insurance companies generally take your overall health and body constitution into consideration when calculating insurance costs. This includes your height to weight ratio and any imbalance in this ratio is likely to raise your insurance cost. Ten-fifteen pounds here and there won’t make much of a difference, but anything that goes beyond 30 pounds is certain to invite a significant hike in your term life insurance.

The overall obesity rate among adults in the US has witnessed a sharp rise in the recent past. This has made it all the more important to stay fit and focus on maintaining a healthy lifestyle. Keeping cholesterol and blood pressure levels in control will keep serious health problems at bay and bring down your insurance costs dramatically. Stay nearer to the normal range by making simple changes in your diet and lifestyle and dropping a few pounds. When shopping for an insurance policy, be sure to compare term life insurance quotes online or you can seek an expert’s help.

Reduce Alcohol Consumption to Cut Down On Insurance Rates

Heavy drinking can shoot up your insurance costs and keep you from enjoying life to the fullest. Excessive alcohol consumption can elevate your blood pressure and interfere with medical tests that are taken to determine your insurance rate. Insurance companies have specific standards for categorizing alcohol consumption levels. If your drinking habit has a negative impact on your health, it is sure to attract a higher insurance rate.

Don’t Let DUI Damage Your Financial Portfolio

Any life insurance company will study your recent driving record at length when you apply for an insurance policy. If you have been convicted of a DUI charge in the past 5 years, it is sure to impact your policy negatively. Always be truthful in your application from the very start as any false information detected at a later stage can result in the termination of your policy. Medical exams are a means of evaluating your overall health and wellbeing and are conducted to screen your height, weight, heart rate, blood pressure levels, cholesterol, and kidney functioning. Combating your alcoholism can prove to be highly rewarding in terms of health and insurance savings.

The healthier your results, the more favorable your outcome!

How a Simple Smoking Related Resolution Can Help You Save Hard Cash In 2016

Every Life insurance company may have a different criterion to differentiate consumers as smokers. Different levels of nicotine are used as a standard measure when evaluating the urine test of an applicant. While certain companies consider any amount of nicotine as an indicator of addiction, other companies do not consider traces of nicotine as a factor for classifying a consumer as a smoker.

How Smoking is Categorized for a Term Life Insurance Consumer

Preferred rates are offered to consumers who chew tobacco occasionally or smoke less than 12 cigars in one year. Companies employ different standards to classify consumers as mild, moderate, and heavy smokers. Smokers are typically classified into two major categories namely, “preferred” and “standard”. If you smoke and still enjoy good health, you are likely to fall in the preferred category.

Quitting Can Be Highly Beneficial For Term Life Insurance Holders

Every company has a predefined set of guidelines that determine the duration for which an applicant should lead a tobacco-free lifestyle. Some companies also have a graduate scale wherein the rates vary depending on the duration you choose to stay away from tobacco. Smokers, who quit after qualifying for insurance, receive the benefits given to non-smoker applicants. The duration may vary from company to company. Those who have quit smoking or chewing tobacco for more than a year can opt for a fresh term life insurance policy and qualify as a non-smoker.
Taking a resolution and sticking to it is not an easy thing but definitely worth the effort. A few changes in your lifestyle today can get your investments in tip-top shape in 2016. You may not be a super-healthy individual, but following these simple steps will certainly lower your life insurance rates considerably.