Get healthy. Life insurance policies are basically betting that you won't die. So, if the company knows you are healthy, you may pay smaller premiums since the odds seem in their favor. That means don't smoke and live a healthy lifestyle.  
 

Save money. If you continue putting money away for later, there might come a point where you know that you can reduce the amount of life insurance you need because it only needs to supplement your savings.  
 

Avoid risky behaviors. Know your driving record and think about your hobbies. People with marred driving records and/or people who participate in extreme sports or other risky hobbies are likely to pay more for life insurance.  
 

Buy life insurance while you are young. Younger people are generally in good health, which can help lock in a lower rate as opposed to buying life insurance later on once a health problem sets in.  
 

Review your policy annually. Reviewing your policy with your independent agent can help determine if you can find a better deal elsewhere.