No one wants to consider a premature death, but failing can create serious financial difficulties for those you leave behind. Getting this aspect of your financial plan under control is essential.

More than 2,000 companies are selling life insurance in the United States, all offering similar products. Finding the right product at the right price for your situation can be a challenge.

These strategies will help lower your premiums:

1. Consider term life insurance. Term life insurance only covers you for the policy term, typically 10-30 years. Depending on the length of the term, permanent life insurance premiums can be ten times higher.
2. Get in shape. You can get a better rate at 150 pounds than over 200 pounds. Taking a couple of months to whip yourself into shape could be worth it. You’re also likely to lower your blood pressure, another important health factor.
3. Stop smoking. Smoking is a significant risk factor for early death. Not only will you get a better rate on your insurance, but you’ll also feel healthier and save a lot of money when you quit smoking.
4. Start young. You can get a lower rate when you’re younger. Your health is also likely to improve, making qualifying for the best rates easier. If you wait until you need life insurance, unforeseen health problems might be a real obstacle.
5. Shop around. Different companies will evaluate your risk differently. This is especially true if you have a risky job or hobby. For example, some companies exclude skydivers, while others don’t.
6. Consider the future. If your kids will be out of college in 5 years, your insurance needs will likely change. Likewise, if you pay off your mortgage, if you ask, you can get term insurance for a non-standard number of years.
7. Abstain from alcohol or drink less. Three to four drinks daily can raise your premiums by as much as 50%.
8. Drive safely. Car accidents are a significant cause of death at any age. Serious driving offenses can raise your premiums.
9. Avoid guaranteed policies. These policies only ask a few health questions. If you’re healthy, take a medical exam and get a policy with a much
   lower rate.
10. Pay your bill annually. Paying monthly will cost more than making a single annual payment.
11. Get the amount of coverage that fits your needs. Many people acquire more coverage than they need. Pull out the calculator and develop a number that makes sense for you.
    
    When you follow several of these tips, you can cut down on your insurance premiums while still getting the coverage you need to protect your family. Plan before you apply. You’ll be glad you did.