Tips On Saving On Life Insurance (NAPSA)—Anytime can be the right time to take a close look at your family’s life insurance needs. Manyrealize there is a benefit to providing for their family’s o> aq bat js) financial security by having life insurance. In fact, 93 percent of Americans say life insurance is something they should have, according to a survey from Life Foundation and Kelton Research. The good newsis that with a little bit of research it is possible to find out how affordable it can be to purchasethis security. Life insurance rates are based on a numberof factors, including the type of policy purchased, as well as the age and health of the person being insured. Here are some ways you can maximize your life insurance dollars and make your policy more affordable: When deciding on how much coverage you need, start by looking for coverage that can provide your family with financial stability in the event of your death. The idea is to purchase a policy that can protect the lifestyle your family is used to and make sure your family can still meet education andretirement goals. Remember, major life events such as marriage, divorce, purchasing a home and havingchildren may change your desired coverage amounts and designated beneficiaries. Even if you can’t afford the policy you eventually want, you can start with a smaller policy and add to it as yourlife changes. It can be useful to turn to a licensed professional to help you navigate this process. Eat healthy, limit alcohol consumption, exercise and watch Life insurance rates are based on a number of factors, including the type of policy purchased, as well as the age and health of the person being insured. your weight. Not only will you feel better, you could qualify for lower life insurancerates. If you use tobacco, you should quit. Most insurance companies have several tiers of rates, includ- ing a lower tier for people who don’t use tobacco and a highertier for tobacco users. If you looked into purchasing life insurance while you were a tobacco user and are now tobaccofree, contact your life insurance agent or shop around to see if you are now eligible for lowerrates. Shop around. Prices for the same life insurance coverage can vary greatly. Compare several insurance plans from different insurance companies and agents before making a_ selection. However, limit yourself to companies with high ratings from two or more independent agencies to ensure that you are getting quality coverage. For example, Wells Fargo offers an online, term life insurance shopping service that compares rates from someof the nation’s top insuranceproviders. For more information, you can visit wellsfargo.com/insurance.
