If you’re still on the fence about life insurance, you are probably focusing on a basic question: “Is life insurance affordable?” The good news is that the short answer to this question is “yes.”
We already covered one way to make life insurance more affordable: by getting term life insurance instead of whole life insurance. But there are other ways that you can lower your bill.
First off, consider getting life insurance sooner rather than later. Generally speaking, life insurance is always cheaper when you are younger and healthier, and term life insurance represents a chance to get a really great rate for a really long time.
Second, consider waiving certain life insurance riders. These riders can help you do useful things like waiving premium payments should you become disabled or providing enhanced coverage for your children. If you are willing to waive the riders, though, you can get much cheaper insurance.
Finally, the single best way to get cheap life insurance is to shop around at different insurance carriers. By getting quotes from a variety of insurance carriers, you boost your chances of getting the most affordable life insurance. And here at Freeway Insurance, we are happy to help you with every stage of the process, including getting the affordable life insurance that you deserve!