Yes, insurance costs continue to increase year-to-year, which consequently has driven millions of people to go through life without any type of insurance. It is a life gamble that you need to avoid at all costs by finding ways to reduce insurance cost as you maintain proper coverage. The first step is to believe in living beautifully and holistically. You need to take care of yourself and your assets to remain insured.

How to

You know by now that the amount of insurance coverage you seek is directly related to your unique situation, risk tolerance, and preparedness for life's emergencies. However, are there things you can do to contribute to reducing the cost of insurance? Think outside the box and explore conventional ways as well as unconventional ones. Here are a few suggestions:

Practice

Now that you know a few tips on how to stay insured and keep the cost down, think of paying it forward and discuss your ideas with a friend or a family member.

Congratulations! You can move on to Chapter 4. How to avoid common and costly mistakes in insurance planning?

To review the full module on Insurance planning, click here.