Knowledge is power.  That is why we are going to reveal some of the top secrets to help you save big money on your term life insurance policy.  They are simple things that will give you an edge.  You may already have these advantages and not even know it.

The list above reflects the key factors in paying the lowest rates possible for your term life insurance.

  

 Insurance companies look closely at things such as low cholesterol readings, low blood pressure, and no history of chronic diseases such as asthma or any life-threatening illnesses before determining the best insurance rating.  It is not easy to qualify for the "super-preferred" rating but if your overall health doesn't clinch it there are other factors that can be to your advantage. 

Your height and weight is one of those factors.  Being within the normal ranges of the medical height/weight charts is a good thing.  This will go a long way in helping you achieve the lowest premium for your term life policy.

Your smoking habits are even more important.  This is an area where all the term life insurance companies agree.  

Non-smokers get the lowest rates.   Not using any tobacco products for at least four years qualifies you as the best risk. But, how much you smoke can make a difference.  Give as much detail as you can about your habits.  An occasional smoker, cigar smoker and tobacco chewer will usually pay less than a one-pack-a-day cigarette smoker.  The insurance carriers will vary in prices and our licensed agents can help steer you to companies that are more lenient.    

Longevity can work in your favor when it comes to your family history.  Healthy parents who have lived long lives, as well as immediate relatives who have not died prematurely of cardiovascular disease, diabetes or cancer can be a big plus in rewarding you with low term life rates. But even if your family history is not the best, you can make a case to life insurance companies that you are fighting your genetic past by being conscientious about your own health and having regular medical check-ups.

A regular exercise program goes a long way in contributing to a healthy lifestyle and could show the carriers that you are a good insurance risk. It's important that you specify the nature of your regular exercise regime.  Explain if you play a sport, run, jog or even do vigorous and frequent yard work.  

Passing a medical exam with a good 'grade' will get you a few steps closer to qualifying for the coveted preferred insurance ratings which are the cheapest. 

Besides your health, insurance carriers also judge you by your financial well-being.  They want to make sure you have a good history of paying your debts, basically having a clean credit record. 

Positive results in all of the above categories work to your advantage in helping you achieve the all-important "Preferred" status which will qualify you for the lowest-priced insurance policy. That status means you have the lowest risk of dying prematurely, according to the life insurance actuarial charts.  

Each factor is important on its own and collectively they are critical.  But it is the balance of positives and negatives weighed together that can add up in your favor.  Remember, knowledge is power and knowing all the facts will not only help you become a more educated consumer, it might actually help you save a chunk of money that we're sure you would rather put in a savings account!