In Indiana, on average 4,000 people die each year from lung cancer. This statistic alone is evidence of the need for an individual to have life insurance. Even if someone is healthy now, that can change very quickly and without adequate coverage in place, those they support may be faced with dire financial consequences following their death.
When you are looking for the best rates on life insurance in Indiana, you need to keep a few things in mind:
oYour physical health. If you smoke, if you are overweight or if you have high blood pressure you will often pay more for life insurance than someone who is considered healthier. For this reason it’s wise to give up any unhealthy habits and get in better shape. Try and attain and maintain a healthy body weight by eating properly and exercising on a regular basis.
oDon’t buy more insurance than you need. If you don’t have children, and you are renting a home, you likely don’t need as high a level of coverage as someone with a family and a mortgage. Consider changing your insurance coverage if your personal situation changes, until then buy only what you realistically need.
oChoose a policy that requires a medical exam. Even if you aren’t in tip top shape you should opt for a policy that requires you to undergo a medical examination. The reason is simple and it’s because no-medical exam policies generally cost considerably more than those that insist on a medical.
If you have a life insurance policy in place that is part of a benefit package with your employer you may think that’s all the coverage you need. Consider what it would cost to replace your lost earnings should you die unexpectedly. If your work coverage isn’t adequate, you can supplement it with another policy that will cover any shortcomings. This approach is great as it allows you to purchase only the additional coverage you need so it’s likely to be at an affordable rate.