You can find discounted life insurance policies by purchasing your life insurance bundled with other types of insurance, according to the Simple Dollar. For example, you can bundle health coverage with homeowners' insurance and auto insurance. Larger insurers such as State Farm give people more insurance bundling options.
Term life insurance is usually cheaper than whole life insurance, explains the Simple Dollar. However, term life premiums can inflate over the years, becoming prohibitively expensive for senior citizens. To ensure greater savings, you should secure several quotes before making a buying decision. Stay away from insurance riders and add-ons for additional discounts.