Living a healthy lifestyle is something that everyone should do. However, you’d be shocked to find out that many people aren’t taking the necessary steps to do so. But living more healthily can benefit you in ways you probably wouldn’t expect. In this article, we’ll be going over the benefits of living a healthy lifestyle and provide a few tips on how to do it.
It Can Lower Life Insurance Premiums
One benefit that some people may not expect to have from a healthy lifestyle is lower life insurance premiums. The premiums you pay depend on how you choose to live. If you’re someone who smokes or drinks, for example, the life insurance company will take that into account when filing everything out. If you’re a beneficiary, you’ll be paid in two different ways. Should you be one of a few beneficiaries, you’ll be paid an equal cut. But if you’re the only beneficiary on a policy, you’ll be entitled to the entire payout. However, let’s say you were the policyholder and you were considered selling it.
If you don’t yet know how to sell you should know there’s actually an additional expense calculated; the operating costs for selling the policy. You never know what life can throw at you. There may be a time where you either need the money or no longer require the policy. Either way, selling the policy isn’t a bad idea as it is typically considered a better option than just outright canceling it. Canceling it can give you a pay out, but you’ll have to pay off exorbitant fees.
Selling your life insurance, however, can prevent you from losing money. There are two ways to sell a policy; by either giving it back to the company or getting a life settlement. A life settlement is almost no different than selling the policy back to a company, and the time your policy takes to pay out. The only real difference is that the buyer is a third-party. This third-party will give you a percentage of the policy’s value, which can go up to 30 percent. As a result, they become sole beneficiary of the policy.
You Could Decrease the Chances of Becoming Ill
Whenever a body is nutritionally imbalanced and stressed, it’s at an increased risk of dealing with a medical issue. By nutritionally imbalanced, we’re talking about having a poor diet. The saying you are what you eat holds a lot of meaning here. In fact, life insurance companies will ask you about your diet and even physical activity. Life insurance aside, not having enough activity and having a poor diet can open the doors to a lot of issues.
You Can Save a Lot of Money
A healthier lifestyle can also help you save more money. Going to the doctor’s routinely can put a dent in your budget. But if you find yourself visiting more than usual, you need to stop for a minute and ask why. Don’t just sit by and let things you can prevent happen. Even if you have insurance, you’ll still have to pay off the deductible and co-pay. Make simple changes like healthy snack swaps and see how it goes. Living a healthy lifestyle is going to take time to build a routine around. Eating right and exercising properly can help you save hundreds of dollars every year.