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Step 1
Negotiate with your insurance company. Negotiating with you insurance company can help you get cheap life insurance. For example, if you smoke only a cigar a year but you are paying a premium for a smoking, write certified letters to the insurance company requesting a nonsmoker's rate. They will usually cave in and you will get a lower premium.
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Step 2
Buy in bulk. If you want $230,000 in life insurance, go ahead and buy $250,000. Why? Many insurance companies offer discounts at certain levels. These discounts usually start at $250,000. It does not matter if you request $249,999 in insurance coverage, you will not get the discount. Inquire what levels the insurance company gives discounts for.
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Step 3
Get healthy and stop smoking. If you are not healthy and smoke then you will be paying a high premium for your mistakes. Stop smoking and getting into shape can help cut your insurance premium by up to 50%. Change your lifestyle and get cheap life insurance.
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Step 4
Seek a specialist. If you have a pre-determined condition such as diabetes, seek out a life insurance company that deals with diabetes customers. Most life insurance companies do not deal specifically with one type of disease and will charge a premium if you have a condition. If you search out a specialty life insurance company, you can save up to 30% on your life insurance premium.
