Everyone wants to save money. Purchasing Philadelphia life insurance is no exception. You might feel overwhelmed at the thought of shopping for and purchasing life insurance, but there’s no need! The friendly professionals at Insurance Shops are experts in this field and are standing by to help you find a great life insurance policy for your family and save money. Sound too good to be true? Read on to learn some simple ways to save money on Philadelphia life insurance.
Saving Money on Life Insurance? Yes, It’s Possible!
You might not be well-versed in Philadelphia life insurance policies. That’s why we at Insurance Shops are here to help. Here are a few tips for saving money on life insurance while still finding a policy that meets your needs.
- Term Over Permanent Insurance. Unless you have a situation where permanent life insurance is wise, such as a complex estate or dependents with special needs, it is generally a better idea to opt for term life insurance. Why? It has a definitive expiration date, no cash value component, and is much less expensive.
- Don’t Wait – Purchase Now. Did you know that the cost of life insurance goes up with age? And just generally speaking, health issues tend to pop up with more frequency as we get older. That might reduce your options. For these reasons, it is better to purchase a Philadelphia life insurance policy as soon as you feel you may have a need for it.
- Work with an Insurance Broker. Why bother with contacting multiple individual insurance companies for quotes? Leave the dirty work to an insurance broker! They’re better able to navigate the insurance world. Plus, it will allow you to save time and avoid confusion.
- Do You Smoke? Quit! Seriously! Did you know that smoking has one of the greatest impacts on life insurance premiums? Simply put, being a non-smoker will save you money!
- Pay Premiums Annually. Yes, it can be a lot upfront to pay your premium once a year instead of quarterly or monthly. But most insurance companies tack on additional fees for paying frequently. So if you can get yourself to set aside payments and just pay once a year, you will save!
Let Insurance Shops Help You Purchase Philadelphia Life Insurance
We can’t overstate the importance of having Philadelphia life insurance. If you’re in need of a policy, don’t wait too long before purchasing. Contact the professionals at Insurance Shops if you have questions or need help with choosing the right policy for you and your family.
