Ah yes, we have the best intentions as we enthusiastically craft our lists of the improvements we intend to make as the old year ends and a new one begins.
We vow to…
- Lose weight.
- Exercise more and become more fit.
- Manage money better.
- Quit smoking.
- Get stressed out less and enjoy life more.
- Learn new skills.
All wonderful thoughts, yet 75% of people don’t follow through on their resolutions for longer than one week.1
Rather astounding, don’t you think? Why even bother?
Keeping Your New Year’s Resolutions Can Save You Money
Perhaps more people would stick with their resolutions if they realized it could save them their hard-earned dollars.
Wellness-related resolutions in particular can save you cold hard cash. More and more workplaces and medical insurance companies give incentives to people who demonstrate they’re in good health. And you can get a lower premium on term life insurance when you’re healthy, enabling you to provide your loved ones with financial peace of mind if the unthinkable were to happen to you.
Life insurance companies generally require a paramedical exam to help determine what rating class you belong in. The exam is paid for by the insurance company, and it involves checking your height, weight, blood pressure, and heart rate. It also consists of urine and blood tests to analyze your blood sugar level, liver and kidney function, cholesterol, etc. The healthier your results, the more favorable the term life premium you’ll get.
That’s why the following resolutions—if kept—can help save you money.
- Lose weight (Can improve cardiovascular health, lower blood pressure, lower cholesterol, control blood sugar)
- Quit smoking (Can lower heart rate and blood pressure)
- Exercise more (Can control weight, lower blood pressure, lower resting heart rate, lower triglycerides)
- Cut back on alcoholic beverages (Can lower blood pressure, make it easier to control weight, improve liver function)
- Manage stress better (Can lower blood pressure and make it easier to manage weight)
According to LifeHappens.org, two in three adults think life insurance is too expensive. In fact, 86% of uninsured people haven’t purchased life insurance because they think it’s too expensive. But they’re overestimating its true cost by over double.2
A lot of people are missing out on protecting their families with life insurance. If you’re one of them, don’t automatically assume life insurance is out of your budget’s reach. Before you dismiss it as a luxury you can’t afford, get a term life insurance quote online. It’s quick and easy—and it might surprise you.
In the meantime, stick with those New Year’s resolutions!
1 “New Years Resolution Statistics.” Statistic Brain website. Accessed 1.19.2015. http://www.statisticbrain.com/new-years-resolution-statistics.
2LIMRA and LIFE Foundation 2013 Insurance Barometer Study