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If you are one of the 85 million Americans who currently do not have life insurance, you should not let your age, your current physical condition or your personal habits dissuade you from pursuing New York  life insurance coverage. A quality policy with an affordable premium may very well be within your reach.  New York Life Insurance, the largest mutual life-insurance company in the United States, has compiled a list of ten tips that may help you obtain the life insurance coverage you need to keep your family protected.

Cover Your Bases. Do not rely completely on the life insurance coverage your employer may offer you as part of your compensation package. In the event that you are no longer employed with the company or lose the capability to work for any reason, your employer is not required by law to continue to provide this coverage. New York Life Insurance recommends that instead, you supplement this benefit with additional coverage you obtain on your own. It is even possible that you will be able to purchase a more affordable policy by shopping around.

Speak Up. If you think your quote is too high, then say so. Be prepared to let the insurance carrier know if you think the projected premium is too high. It may not seem the norm to attempt negotiating with an insurance carrier, but New York Life Insurance suggests it may be worth a try. Perhaps there has been a misunderstanding about your medical history or habits that needs clearing up. You will never know if a lower premium is possible unless you ask.

More Is Cheaper.  In most cases, the more New York life insurance you purchase, the less expensive the premium will be comparatively. When life insurance is purchased n increments of $250,000, the rate per $1,000 of coverage is often reduced. Therefore, if you were interested in purchasing a policy worth $240,000, it may be wise to consider a $250,000 policy instead to ensure you obtain a lower premium. 

Trust The Professionals. If you have a current health issue that may impede you from obtaining an affordable policy, New York Life Insurance recommends that you may want to seek out insurance carriers that specialize in providing coverage to those with less than perfect health. Instead of grouping those in ill health all together, these carriers are more apt to take the time to ascertain each individual’s risk level, therefore being able to offer more competitive rates.

Be An Educated Consumer. Whether you are purchasing a life insurance policy for the first time or seeking supplemental coverage, it is recommended that you work with a reputable carrier and that you understand what you are purchasing before signing on the dotted line. Allstate New York Life Insurance was recently rated as having “superior financial strength” by four independent ratings companies and was one of the few insurance carriers who’s rating was not downgraded during the financial crisis in 2008.

Make Your Health A Priority. To obtain the most affordable premium possible, taking care of your health is paramount. It is common knowledge that those individuals who smoke and are overweight may have a shorter lifespan than someone who takes better care of their health. You may be able to reduce your premiums by as much as half if you quit smoking and lose excess weight before applying for a policy.

Skip The Riders. It is advisable to purchase the amount of coverage you need and forget about adding costly riders to your policy. If you have quality coverage in the first place, they are not necessary. Extras like the “accidental-death rider” and “waiver of premium rider” are both moneymaking add-ons for the carrier but offer no real benefit for the insured. 

Make Sure You “Get It”. Many insurance carriers will count on the fact that the average consumer is less-than savvy in regards to the many products currently offered. Make sure you are aware of what you are purchasing and what the exact terms are. Demand understandable explanation of coverage from your insurance company and if they won’t provide it, move on to another carrier who will. 

 Question Commissions. Not all insurance companies receive the same commission amounts on insurance sales. Contact your local Nysurance professional for more information on this topic.

 Ask For The Bottom Line. Before purchasing your new york life insurance policy, demand to know the bottom line. Being clear on any hidden fees and rolled-in charges will help you decide which policy and carrier best suits your needs. Chances are that most policies include such fees but being made aware of what they are up front assures that you know exactly what you are paying for

See how much you could save today on your New York life insurance. Get your free life insurance quotes