Skip to Content
Father, mother and daughter laughing symbolizing a time of life when learning about life insurance is important.
Life Insurance Basics

4 ways to get affordable life insurance

This article discusses four factors to help you get affordable life insurance, such as bundling policies, so you can start protecting the people who depend on you the most.

Did you know that in a joint study conducted by Life Happens and LIMRA, the majority of Americans overestimate the cost of life insurance.1 The median estimate was more than three times the actual cost.The fact is, life insurance may be more affordable than you might think. If you're ready to get the life insurance you need to protect the people who depend on you the most, consider these four factors that may help you find a policy for a whole lot less.

  1. Maintain good health habits
    Life insurance rates are based on many different factors - some within your control and some not. One factor that weighs heavily on determining what you'll pay for life insurance is your overall health and lifestyle. For example, if you're maintaining a healthy weight and don't smoke, you may find that rates can be quite affordable. And even if you do have a medical condition such as diabetes or blood pressure concerns, demonstrating that you are actively managing your condition may result in a lower premium.

  2. Get your policy sooner rather than later
    Typically, the younger you are the more affordable your life insurance plan will be-so don't procrastinate. Getting a policy at a younger age can also lock you into lower rates for the duration of that policy as long as premium payments are made.

  3. Ask about discounts for bundling policies
    Many insurers will offer you a discount if you have multiple policies with the same company.

  4. Get at least three quotes
    As with anything else, it pays to do some shopping around to compare life insurance quotes. A good rule of thumb would be to get at least three quotes from reputable companies, and to compare apples to apples. In other words, be sure you are comparing similar policy types and benefit limits. For example, a quote for a 20-year term policy with a $100,000 benefit will differ substantially from a whole life insurance policy with the same $100,000 benefit.






Arrows linking indicating relationship

Related Articles

 A man smiling and showing his female friend his phone.

What to know about guaranteed insurability

Learn more
Heart and shield icon on blue background with text that reads Preparing for the future: Your guide to life insurance basics

Your guide to life insurance basics

Learn more
Family on the couch together, where young girl and dad are tickling the mom.

Weighing the benefits of whole life insurance

Learn more

All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.