Health Bonuses to Give You Cheap Life Insurance

Although there are some insurers willing to offer life insurance with no medical and no questions asked, these companies are pitching their policies at the premium end of the market. If you want to benefit from cheap life insurance, then find a company that takes lots of factors into account when deciding how much your policy will cost.

Different insurers will value different aspects of your life in different ways. Some put a greater value on your age, whilst others will lean towards your lifestyle. Here are some general tips you can take in order to reduce your quote though, giving you access to the best cheap life insurance available.

Whilst there are a number of contributing factors to your overall health, one of the most obvious ones for insurers is whether you smoke or not. According to the World Health Organization, someone dies from smoking every 8 seconds. Smoking is responsible for 4 million deaths every year, and understandably is a grave concern for insurers.

Giving up smoking can reduce your insurance premium by up to 50 per cent. However, it is worth bearing in mind that most insurers will only grant you the discount if you have been "smoke free" for at least a year. Even if you haven't given up yet, demonstrating that you are reducing your daily cigarette intake can help to reduce your insurance quote.

The other major vice which insurers look for is your alcohol intake. Some medical examinations will monitor you liver capacity which can have a direct correlation to your cheap life insurance. Reducing the number of units of alcohol you consume each week will improve your health and thus make an insurance quote cheaper. If you have cut down on your alcohol intake recently, it could be worth re-taking a liver function test.

Exercise is the other key factor in determining how much cheap life insurance will cost you. You should be exercising at least three times a week for 30-minute periods in order to maintain a reasonably healthy lifestyle. Taking action towards improving your fitness regime - such as joining a gym or buying sports equipment - can help to reduce your premium and get the cheap life insurance you deserve.