Ask an expert: How to lower life insurance rates
Jake Tamarkin
CEO & Cofounder of Everyday Life Insurance
Expert financial planners know that people’s needs will decline over time as their savings build, kids grow up and retirement nears. You can save 50% or more just by doing a good job of truly assessing your needs and how they will evolve over time and building a coverage plan that matches that.
So, before you buy that gigantic 30-year policy, consider if it makes sense to perhaps get a couple of smaller policies that phase out over time. A good insurance agent should be able to help you price out different coverage options like that, and at the end of the day, that could be more consequential than which insurance company you choose to work with, or what bells and whistles they tack on to their products.