How to Get the Best Life Insurance Rate in 7 Easy Steps

Roughly 60% of the American population say they have life insurance coverage. That high number comes as no surprise given the wide variety of support a great policy can give to a holder.

Life insurance can help family members pay funeral expenses. It can help them take care of the debt. It can even be used to pay back-taxes and give money to charities.

Given all of those benefits, thousands of Americans who are not currently protected by a life insurance policy go online to seek one out on a daily basis. The issue is that not all policy prices are created equal.

There are a variety of factors that can adversely affect the life insurance quote you get. To help you find the best life insurance policy for the least amount of money, our team has created this post to help you understand some of the factors that can alter your policy’s price so you can make sure to set yourself up for getting a great deal!

A Guide on How to Get the Best Life Insurance Rate

  1. Your Current Health

Insurance companies exist because people usually put more money into them than they ever get out of them. Because of that, if you’re applying for a life insurance policy and the insurer already sees you as a high-risk candidate who will end up making a lot of claims, you will be charged a higher monthly premium.

To help you ace your health screening for life insurance, work with your doctor to lower your collateral, exercise regularly and improve your diet. Not only will doing those things increase your lifespan but they will also save you money on your policy!

  1. Your Smoking History

Smoking is one of the leading causes of preventable death in the world. Doing it almost guarantees developing serious health issues which could lead to costly treatment and death.

Because of that high risk, the best life insurance companies are very skeptical of giving smokers good rates. If you refuse to give up smoking, you can expect to pay significantly more than non-smokers in your age group.

In order to be considered a non-smoker if you’ve been a smoker in the past, most insurance companies will want to make sure you’ve been clean for anywhere from 1 to 4 years.

  1. Your Family’s Health Issues

Genetics is a major contributor to health problems. That’s why many insurers will want to know if your lineage has any genetic dispositions towards serious illnesses. These illnesses are generally things like cancer and heart disease.

If you do have a family history illness, your rate will go up.

Obviously, there’s not much you can do about your family history. What you can do though is shop around for multiple insurance providers and find one that does not inquire about your history. Their more lenient standards may net you big time savings.

  1. Your Behind-the-Wheel Habits

Vehicle accidents kill roughly 1.3 million Americans every year. Many more are severely injured and require serious medical attention.

To secure a good rate with the best life insurance providers, you’ll need a good driving record.

Many life insurance companies see an applicant with moving violations as one that’s more frivolous behind the wheel. That can mean a higher accident liability and higher insurance claims.

To stay in insurer’s good graces in regards to driving, do your best to stay free of driving violations for 3 consecutive years prior to applying.

  1. Your Work Situation

The riskiness of your job can directly affect your life insurance rate. For example, if you work in construction, your rate will be significantly higher than somebody who has an office job. Short of changing careers, there’s not much you can do with this insurance risk factor.

To reduce the life insurance cost burden of having a risky job, talk to your employer and ask for life insurance recommendations to companies that specialize in dealing with people in your industry.

  1. Your Gender and Age

Gender and age are among the two top factors when determining life insurance rates. The older you are when you apply for life insurance, the more expensive it’s going to be.


Because as you get older the likelihood of you needing medical attention increases. To offset this possibility, you’re asked for higher deductibles and monthly premiums.

Beyond age, women typically get lower rates than men given their longer life expectancy.

To help mitigate excess charges in regard to these insurance factors, consider investing in life insurance at a younger age.

  1. Your Willingness to Shop Around

We can’t stress this enough; different insurance providers will give you vastly different life insurance quotes. To find the best life insurance, it’s imperative that you ask as many providers for quotes as possible prior to deciding on a policy.

To help you narrow your list of providers to seek a quote from, you can learn more about the top 25 insurers accepting new applicants today!

Wrapping Up Tips on How to Find the Best Life Insurance at the Cheapest Rate

There are a number of factors that can affect your ability to get the best life insurance at the best rate. Most of these factors have to do with preventable health choices and habits. Others are unavoidable.

Review the list above and prior to applying for life insurance, do your best to be considered a low-risk factor in each category. Once you’ve set yourself up to be the most attractive candidate possible, shop around for a great insurance policy through as many providers as possible.

A little diligence today can save you thousands of dollars tomorrow!

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