The life insurance industry has become more competitive. More insurance companies are disposed towards making more concessions for senior citizens. When looking for insurance, it is important to find a site that offers different products from different insurance carriers. This gives you the convenience of shopping from multiple carriers in a single website. From the site, you will be able to access insurance plans from several agencies, including brand names, local and nationwide agencies, etc. The following are some of the tips to consider benefiting from cheap insurance for seniors, including:
· Choose what you need
An insurance cover for seniors often attracts high premiums particularly when the chances of death are high. Many of the insurance companies place strict conditions that need to be met for the applicant to qualify for insurance. Therefore, when you are above 50, not everything that crosses your path is worth going for. It is important to draw a line between what you want and what you need. Therefore, an insurance plan can help you make the right decision. For many seniors, a high priced cover is a want- unless they can afford it comfortably. A term life policy provides a desirable reprieve to many people.
· Avoid smoking
To benefit from cheap insurance policies it is important to consider quitting cigarette smoking. If you fall within the category of Preferred Non-tobacco you will be qualified for affordable insurance for seniors. The Standard Tobacco User category attracts higher premium rates. If you are a non-smoker you stand to benefit from a policy that is twice as low when compared with that of smokers. The scale varies depending with the years a person quit smoking. Therefore, a person who quit smoking 5 years ago can end up paying cheaper premiums than a person who quit smoking 2 years ago.
· Manage your weight & cholesterol levels
A significant population of senior citizens are carrying excess fat and struggling with problems of high cholesterol levels. Any senior who is looking for cheap life insurance for old people should watch their weight and seek to attain "normal weight" which often varies between different underwriters. In addition, they should keep their cholesterol levels below 210.
· Avoid risky hobbies
Different insurance companies have summarized what they consider as risky hobbies. Therefore, if you enjoy travelling, the underwriter will normally specify countries they consider risky to travel for various reasons such as high crime rates, political instability, among others.
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