When you think of health, the first few things that come to mind might include vitamins, organic food, and a gym membership. However, you don’t have to be rich to live better. Unfortunately, purchasing products such as organic food and vitamins may seem like expensive extras. Still, some habits not only improve your health, but they could even save money, so it’s a win-win situation.
Lower Insurance Premiums
There is a direct correlation between your life insurance premiums and your health. You might not realize that if you make some changes to live a better life, you may have a lower BMI (body mass index), improving your health. Then you might be able to get lower premiums.
When shopping for your policy, you might look into adding a modified endowment contract, as MEC insurance is a type of tax qualification of insurance that exceeds the federal tax limits.
If you want to get a lower premium when getting your policy, consider making a few lifestyle changes. For example, you may choose to exercise more often to aid in losing weight. Whether you monitor your calorie intake or work out more, your insurance company may adjust the rates to reflect the change. You might need a medical certificate or fitness record from the doctor to prove you have made these changes.
If you work a dangerous job, your rates may change based on that. Work in a field like construction, firefighting, police work, or another similar position, you may have a higher premium. Still, switching to an office job might make you eligible for a reduction in rates.
Finally, it’s best to quit drinking, using drugs, or smoking if you already do. That leads to higher policy premiums. Start cutting back on these factors to help the monthly rate plummet.
Reducing Expensive Habits
One of the most expensive habits includes smoking, and quitting could benefit your bank account. By drastically reducing the number of cigarettes you use each day, you could save several thousand dollars each year. And your friends and family may appreciate the fact they no longer have to worry about secondhand smoke.
Even if you don’t smoke, you may still have expensive habits, like soda drinking. These beverages are not great for your health, and they could set you back quite a bit each year if you drink some each day. Plus, they can lead to health conditions such as diabetes, which might result in expensive treatments.
Reduced Cost of Transportation
From gas to parking to car maintenance, transportation does not come cheap. Luckily, you can reduce at least some of these expenses by making lifestyle changes. By choosing to bike or walk to work instead, you might save a few hundred dollars each year.
Plus, you might feel happier after you get outside since it’s a mood-booster. If you have kids, you might choose to walk with them to classes. Plus, it gives you a bit more time with your family before everyone goes their separate ways for the day.