How to save money on Term Life Insurance | Personal Finance | Financial Literacy | Money

First term pricing is based on you having proved you were insurable (through the underwriting process). But subsequent terms are priced assuming a certain percentage of being will have become unhealthy or uninsurable by then. Higher risk = higher cost. If you can re-qualify as healthy, you'll save BIG.

Life Insurance is not widely covered in the personal finance world. In this video, I'm going to share with you something that is well known by insurance professionals and not well known by consumers in general. Term Life Insurance is often the cheapest type of insurance you can buy, but over time the cost can get really high. One way to control the costs is to continually prove that you are less of a life insurance risk - i.e. keep getting regular medical assessments by applying for a new policy before the second term kicks in. You might be surprised just how much you can save.
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Видео How to save money on Term Life Insurance | Personal Finance | Financial Literacy | Money канала Preet Banerjee