Family insurance rates rise right along with the cost of living. And even those of us who don’t have a sensitive aversion to discussing life insurance often avoid it for one simple fact: cost. But there are ways that you can get affordable family insurance.
• Stop smoking now. Not tomorrow or next year, but right now. Even if you forget for a moment the damage you may already have done, there’s the damage you’re doing to yourself as a result of putting off something that you should have dropped years ago. But we’re not here to chastise you for having bad habits. What we will do, however, is remind you that you’ll end up paying incredibly high family insurance rates if you don’t.
• Get the rest of your health under control. Being overweight, having high cholesterol, or any other negative health effects of failing to take proper care of yourself can drive your family insurance rates through the roof. Getting yourself healthy is essential to landing affordable family insurance. Even if you’re the only person in the family in poor health, it’ll drive up the overall rate you pay significantly.
• Don’t overextend yourself. Everyone would love to leave behind a family of millionaires, but sometimes that’s just not practical. Remember, the higher you set your insurance coverage, the higher you’ll have to pay. If you’re looking for affordable family insurance it may be necessary to opt for slightly lower coverage than you’d ideally like to have.
Many people don’t like to think about family life insurance policies because it forces them to face their mortality. If this describes you, it’s important to the long term well-being of your family to get over your fears, if at least only long enough to sign up for a life insurance plan that will care for your loved ones if the big “what if” ever turns into “what is.”