Arizona Discount Life Insurance
Reader’s Question:
I get discounts from my car insurance, home insurance, and other kinds of insurance. Is there discount life insurance too?
Dave
Phoenix AZ
There are different ways you can get discount life insurance. Following are some suggestion you can try.
1. Check your existing car and home insurances. The banks or companies that offer these insurances will sometimes have offers of free or discount life insurance if you get a car/home or other types of insurance from them. Some of these insurance companies also offer packages which can be a combination of various types of insurance including life insurance. Getting insurance package may come as a money-saving scheme since you will be dealing with one insurance company so payment would be more convenient. Insurance companies also like, as much as possible, to have their customers get all their insurances from them so they would surely offer discounts on your premiums.
2. Credit card companies also offer a free or an optional life insurance together with your credit card. But, usually, their life insurance policy only covered your unpaid debts from their bank. But nevertheless, it’s worth checking.
3. You can also check your local banks. It is possible you can get discount life insurance from them. There are banks which have promos that offer free life insurance for a number of years if you open a bank account from them. Or, if you get a personal loan, car loan, or housing loan from them, you will also get an insurance coverage from them for a minimal fee or even for free.
4. Just like in any subscriptions – magazines, newspapers, cable, and others – you can get discounts when you pay in advance for a year or number of years instead of paying them monthly. Insurance companies have various payment mode: annual, semi-annual, quarterly, and monthly. Insurance companies usually give discounts to policy holders who will pay their one-year worth of premium. This is a sure way of getting discount life insurance.
5. There are also insurance companies or insurance related companies that give out coupons codes or vouchers. They are similar to regular clipping coupons which you can use to get discounts from the original. If you are patient and resourceful, you can search the internet for companies that offer discount coupons. But before you use the coupon codes you will find, make sure that you check all the mechanics and rules just to be sure you do not get into a bad deal.