Jul 21
Your Driving Record Can Increase Your Life Insurance Rate!
Life insurance coverage can be sky-high or unobtainable for you if your driving record isn’t so great. Here’s how it works — and how you can cut costs.
A conviction on your motor vehicle record of driving while intoxicated (DWI) or driving under the influence (DUI) will usually result in higher life insurance premiums – even if the incident took place 3-5 years ago. And some life insurance companies will disqualify you from their best available rate if you have more than one moving violation in the past three years.
So, how do you find the best life insurance rate available for your specific medical history, recreational activities and driving record? Work with a broker that deal with multiple carriers and know the ins and outs of each of these life insurance companies and know which ones to take you to for specific situations.
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