CBS News reported four ways to cut down on the cost of life insurance: 1. Shop around for the best rates from reputable companies, 2. Improve your life expectancy by quitting smoking, etc., 3. Buy life insurance when you are young, and 4. Negotiate for lower premiums. Warren Kawano, age 25, was quoted $20 per month for a $100,000, 5-year term life insurance policy. Compare this to the rates in Table 20.1.