Looking to save money on term life insurance? Here are six quick tips to help you find low term life insurance rates.

Term Life Insurance Rates Tip 1: Quit Smoking

If you smoke, it's time to stop. Smoking is an unhealthy and expensive habit. You don't just pay for the tobacco: you'll pay higher insurance rates as well. It is more difficult for smokers to find low term life insurance rates.

If you already have life insurance and you have quit smoking since purchasing your policy, notify your insurance company. You may be able to get a lower term life insurance rate now that you’ve kicked the habit.

Term Life Insurance Rates Tip 2: Get Healthy

Health issues can have an impact on term life insurance rates. Weight, cholesterol, diabetes, and other health concerns play a role in how much you pay for life insurance. If you're overweight try to lose a few pounds with a healthy diet and plenty of exercise. Eating better and taking care of yourself can reduce your risk of developing diabetes and high cholesterol, and it can help you find cheaper term life insurance rates.

Term Life Insurance Rates Tip 3: Buy the Right Amount of Coverage

Term life insurance is meant to replace financial loss and act as income replacement for beneficiaries. But too much coverage could leave you overpaying, and too little can leave your beneficiaries underinsured. Make sure to purchase an appropriate amount of coverage. Independent financial planners recommend an amount of coverage equal to 6-10 times your annual gross income.

Term Life Insurance Rates Tip 4: Health Exam

Many times insurance companies will require a term life insurance health exam to apply for a policy. But don’t worry--a life insurance exam is usually no more strenuous than a routine physical.

If you are taking a life insurance exam, try to get a good night’s sleep before the exam, and limit your use of stimulants such as caffeine. Don't smoke or drink alcohol, and try to avoid strenuous work or exercise at least 24 hours prior to the exam. And remember, you don’t have to be in perfect health to get good term life insurance rates.

Term Life Insurance Rates Tip 5: Payment Options

Try to pay for your term life insurance annually to avoid any monthly service fees (as much as $7 per month) that your insurer may charge. If that isn’t possible, many companies will offer discounts to customers who set up automatic bill pay where your term life insurance premium is automatically deducted from your bank account.

Term Life Insurance Rates Tip 6: Shop for Rates

The very best way to save money and find an affordable term life insurance rate is to shop around. Compare insurance rates from several different companies. Look at different combinations of coverage until you find the one that's just right for you. Comparing term life insurance rates is the best way to save money on your policy.