• Skip the cancer insurance – it is better off putting your money toward comprehensive health policies.
• Avoid Mortgage Life insurance - the cost of this policy can be three to five times as much as comparable term-life insurance.
• Neglect ID theft insurance – it will not fix your credit or give you back money stripped from your bank accounts.
• Keep your current policy and add on to your insurance protection rather replacing it - replacing policy incurs new costs and fees.
• Do not buy life insurance for your children - since no one depends on income from them.
• The younger you are – the cheaper the policy.
• Buy before any major health issues arise.
• Consider price breaks- ask how much the prices increase when coverage increases to $250,000, $500,000, or $1,000,000.
• Select the right length of coverage.
• Do not always rely on Work policies - often based on a composite profile of the employees you work with, and they expire if/when you leave the company.
• Consider payment/billing options – some insurers offer discounts to consumers who pay premiums annually.
• Do not smoke - it is often hard for smokers to get great life.
• “The more a person weighs, the more they pay” – consider this determining life insurance policy costs.
• Cholesterol level, Blood Pressure and Build - high level of these factors could increase your premium.
• If you are involved in extreme sports – you could be charged increased rate.
• "Spousal discount" - get coverage on your spouse along with your own.
• Be sure that insurance premium is fix- some may have a fixed premium for the first few years but then the premium may increase.
• Remember that Most companies calculate your "insurance age" by the age you are nearest to, though a few still use actual age.
• Know your insurer – sometimes it cannot pay your claim because of financial weakness.
• Avoid changing your insurance until considering extra charge/fee for renewal.

Things to consider applying for health insurance
• Check overseas coverage – some insurers do not pay for any overseas medical treatment.
• Claim in time – many insurers do not pay benefits if you make a claim two years after the treatment was provided.
• Contact your insurer before treatment - Many doctors charge fees above the amount you can claim
• Beware of waiting periods – during those period you could not claim any benefit.

Read more at: money.cnn.com, life-line.org, personalinsure.about.com, forsalebyowner.com, schaeffersresearch.com, mnbar.org, spectruminsurancegroup.com, secure1.insweb.com, jacobson-insurance.com, au.pfinance.yahoo.com, moneysupermarket.com