General Life Insurance Policy California With premium inflation stabilizing but remaining high, raising your deductible is the fastest way to "buy down" your rate. The Payback Calculation: Ask your agent for the premium difference between a $500 and a $1,500 deductible. If the annual savings are $250, your "break-even" point is four years. If you haven't filed a claim in five years, ... https://www.insuracarelife.com/life-insurance