Voyager Insurance

The price you pay for life insurance depends on your age, your health, and your lifestyle. So if you are older, you have health problems, and you are a smoker, you will always pay more for life insurance than someone who is younger, healthier, and a nonsmoker.

There are ways to lower your life insurance premiums, even if you fall into a higher-risk category. Here are some simple suggestions for life insurance and term life insurance:
Find out the rate per $1,000 of coverage, which often drops once you pass a certain level of coverage. This figure will help you determine how to get the most life insurance for the least money.

Quit smoking. You will be surprised to find out just how much you can save. Many insurance companies charge smokers double the nonsmoker rate for insurance.

Don’t add riders. While riders may add value to your life insurance policy in certain situations, many are simply an unnecessary expense.

Your life insurance could end up costing you more if you choose to make "convenient monthly payments" rather than paying the entire premium up front. Before you choose a payment plan, compare the single payment price to the total cost of the monthly payments. Do the math, and decide whether the convenience is worthwhile.