Use This Board Game To Teach Your Kids About Finances


Parents often forget that learning can actually be fun for their children, if they take the time to find entertaining ways to teach important lessons. Financial literacy is a problem in many parts of the civilized world because there are so few ways to learn about finances from a young age. The burden fails to the parents to teach their children about fiscal responsibility, and there is a simple tool that can easily help children pick up the complex concepts associated with finance. That tool has been around since 1935, and it is nothing other than the popular board game called Monopoly.

Learn While Playing

Monopoly is one of those quintessential board games that was a staple of growing up in the past, but it has since been replaced by the numerous computer games that exist in the current world. Parents are much more likely to be familiar with the game from their own childhood, which makes it an ideal way for parents and children to connect in this day and age. The game is best saved for a rainy day, or any other occasion where the family is caught indoors for an extended period.

It has long since been established that training is best done through hands-on experience, and games are a great way to incorporate knowledge into a fun system. Monopoly is one such game. It is based almost entirely on financial responsibility and dealings, so it is a good way for children to practice for the real world.


Math is a skill of huge value, and Monopoly teaches children about addition and subtraction on the fly thanks to the monetary system the game uses. Parents should allow their children to act as the banker during the game to further increase their interaction and cognitive abilities. Younger players also benefit from the game by learning to count out their movement after they roll.


Monopoly is basically a game of chance that involves investing in property with the hope the investment will pay off when someone lands on your property and has to pay rent. This helps teach children the idea of capitol gains through investing in real world markets.


Perhaps the most important aspect of Monopoly is budgeting, and that can be said of real life as well. Budgeting helps prevent overspending or over investing. For children learning to play a game, this is often a trial and error situation. You may find your child buying every single piece of property that he or she lands on, simply because that seems like it should be a good idea. Once they’ve exhausted their funds, they’ll naturally learn that blowing all your money isn’t a good idea, even if that money is going into investments.

How players budget through Monopoly also teaches the value of waiting to buy only what is going to be most beneficial to you. Children who are new to game often buy up the first few properties, which offer the lowest return on investment in the game. They’ll quickly learn that buying everything leaves you without liquid financing, which can be an issue when it comes time to settle a debt.

Budgeting is also exemplified through the ‘Pass Go’ feature of the game, where the player collects $200 every time they pass the starting space. This helps teach about regular income and how it should be saved for larger purchases. This can be tricky, however, because it can teach children to rely on funds before they receive them. Keeping a balance between the two will result in a high level of responsibility.

Reward Vs Risk

The game of Monopoly is quite similar to real life in that you have no idea whether or not a risk is going to pay off. You may find yourself investing heavily in properties that have a high ROI, but that doesn’t mean the investment will be repaid to you. Parents can use Monopoly to teach their children about taking risks in the short run to boost long-term earning potential. Monopoly also includes spaces that allow players to draw Chance or Community Chest cards, which is nothing more than an additional unknown variable.


While it’s something most people hope to avoid altogether, bankruptcy is a very real aspect of society. Monopoly teaches about bankruptcy in a straightforward way. Players who declare bankruptcy must forfeit their properties or mortgage them to the bank in order to pay off any debts. This stage is great for teaching negotiation skills as well, since the bankrupt player can bargain with their debt owner over what will clear the debt, and they may reach an understanding that is beneficial to both parties.


Just like life, there will be people who play Monopoly and end up incredibly lucky the entire game. Parents can use luck to teach their children that the world isn’t necessarily a fair place, and that some people are just going to be better off for no reason. Monopoly calls it ‘Free Parking’, but the real world calls it a cash windfall. There are so many ways that people might stumble upon found cash, either through the lottery or inheritance.

Monopoly has been around for nearly 100 years, and its popularity is due to the fact that so many people use the game to hone their financing skills. Parents should take full advantage of such a powerful tool, especially since children don’t see it as a learning experience. For them, it is simply fun.

How Do I Get My Spouse to Buy Life Insurance?

If you’re married, having life insurance is important for both of you, but it can sometimes be difficult getting your spouse to see the importance. Some people believe a life insurance policy is only for the elderly, but the truth is, things can happen to anyone, regardless of age or level of health. If you rely on your spouse’s income to live, their passing could put you in a complicated financial situation if there is no life insurance policy in place.

A life insurance policy protects members of the family, especially the spouse or children, from taking on a financial burden in the event of the main breadwinner of the family’s passing. The money from the policy can be used to cover debts and loans the individual had been unable to pay off during their lifetime or to make up for the lost wages of the individual. If there is no life insurance policy in place and the individual passes away, their loans and debts will fall into the hands of their spouse or children and the family will be without the income they had grown accustomed to having. If it is the only income in the family, this can be extremely debilitating.

If you’re struggling to get your spouse to seriously talk about a life insurance policy, consider these helpful tips:

1. Talk at the Right Time

Talking about dying is never something someone looks forward to, so to constantly bring up something as morbid as a life insurance policy can be stressful. Find the right time to talk to your spouse about getting an insurance policy.

Before you begin the conversation, think about what you want to say. Having your thoughts laid out can prevent you from getting angry if they continue to disagree about the importance of a policy while also ensures you cover all the points you want to address while you have your spouse’s attention. Stress the importance of a life insurance policy and what it would mean to you and any potential children if your spouse should pass away.

2. Do The Research

Your spouse may be avoiding a life insurance policy because they believe it is too expensive to consider. If you believe this is the case, do the research yourself and find various quotes, term lengths, and coverage amounts. Be sure to bring this information to your conversation to prove that a life insurance policy is extremely affordable and is not much of a burden. Unlike some forms of insurance, you can get a great life insurance plan for around $30.

When you can show that the monthly cost for a life insurance policy is not high, it may be able to say your spouse to see the value in getting a policy. Also by taking the initiative and doing the research without your spouse, you’re showing that you’re serious about the discussion. If you didn’t mean business, you wouldn’t waste your time.

3. Stay Educated

Knowing the ins and outs of life insurance can help you persuade your spouse that getting a policy is the way to go. Read up on the various companies that you can buy a policy from, what the various factors of each policy means, and what policy is the best for you and your situation. Understanding everything about life insurance, what it means, and how it can help you will assist you in convincing your spouse that you need it.

Staying educated can also ensure that your policy is as complete as it should be. While getting your spouse to agree to a life insurance policy is the first step, that policy will need to be updated continuously throughout your life to adjust for children, dependents, loans, and other factors that may cause you and your spouse to need a larger or smaller policy.

Don’t wait until you’re approaching your late years in life and health becomes an issue to begin thinking about the importance of life insurance. While the need for life insurance increases as you get older, you take on more dependents, or acquire more loans, debts, or mortgages, the need for a great life insurance policy grows. If you’re struggling to convince your spouse that a life insurance policy is necessary, try these steps.

Why You Need Life Insurance When Going to Grad School


At some point in life after graduation or after some time working, the urge of joining a grad school may be inevitable. There are various benefits of joining a graduate school; it can be a career boost or even a step to greater heights in life. The only drawback of going to a graduate school is the cost. In financing my studies at graduate school, I had to take student loans.

Anyone thinking of joining a graduate school is most likely aware of student loans. Many scholars take the loans to make ends meet. Most of the people, who take student loans young and single, normally the loans are a personal consideration. However, joining a graduate school married with children is not the same thing. Taking a student loan changes from an individual to a family concern.

Having a family and being single with a loan co-signer is the same thing while taking student loans. Have you ever thought you might need a life insurance in such circumstances?

When One Dies, What Happens to Student Loan Debt?
Though not a pleasant thought, thinking of what happens to such debts when one is gone is crucial. Hence the need for a life insurance that covers the student loan.

If one dies, the student loan debt will most likely be a burden to the co-signer or the family. Sadly, whether they co-signed the loan or not, a spouse will be liable to clear those student loan debts. The deceased’s spouse, as well as the co-signer, may be left in a tight spot. The tight spot is because they will be liable to making repayments for the student loans debt.

The situation may be even worse if the couple resides in a community property state. Why is this? In such cases, any debts incurred during the marriage is liable to both spouses. Currently, the nine community property states are Texas, New Mexico, Nevada, Louisiana, Idaho, Arizona, Wisconsin, Washington, and California.

It is always good for one to be conscious of the backlashes of the debts they have if they were to die. This consciousness is irrespective of whether one is married and with financial dependents, or just single and worry-free.

There are Different Rules for Different Lenders
Depending on the lenders of the student loans, the repercussions will be different upon one’s demise. For those people receiving only the federal student loans, upon their death, the loan is completely discharged. This statement is according to a federal death discharge. However, to secure the expected earnings after graduate school, purchasing a life insurance cover may be worthy. It also gives one some peace of mind.

Things may turn to be trickier for scholars if the federal student loans fail to cover all their tuition needs. Taking out private student loans may be the only viable option.
Formally, there is currently no any death discharge to private student loanees. Nevertheless, some private student loaners may give death discharges, but there are no standard rules.

Additionally, many private lenders require co-signers for loan approvals. If no death, discharge is issued for a private student loan, the deceased’s spouse, the parent or whoever is the co-signer will be left with a hefty debt to pay. How would the spouse of the deceased maintain the family’s day-to-day lives with debts and less income for the household?

Should You Get Life Insurance?
The idea of thinking about your death could be tormenting. However, leaving your dependents in troubles, you could have shielded is even more tormenting. The idea of life insurance is thinking of the future and protecting your dependents.

Having financial dependents together with the notion of joining a graduate school, is enough reason to consider life insurance. This reality should not be overlooked. It is a way of protecting and securing your family’s future.

If you are interested in only purchasing a life insurance policy to cover the student loans debt, a term life insurance should be a consideration. This way one can align with the selected repayment term.

Another good thing about term life insurance is affordability. With the possibility of choosing a term, that best suits your repayment capabilities, graduate school life and after-life should be hassle free.

Life Insurance and Grad School
Dealing with financial burdens of a student loans debt should be the last thing a bereaved family should have to face.

Being married and going to a graduate school are intertwined. You are taking on schooling to give a better life to your dependents. Therefore, your demise should not turn their lives into mayhem. If private student loans are necessary, consider a life insurance policy. Life insurance is also a solid investment for you and your family.

Life Insurance; A Must Have for Newly Divorced

Divorce for some of us is a relief. For others it is an unhappy time. Despite our personal feelings divorce, we will need to move forward with getting our finances in order. Life Insurance is a big part of that picture. Below are the top five reasons that we need to make sure you have adequate life insurance and sooner rather than later. You won’t regret having life insurance.

1. We need life insurance to cover funeral costs. Whether it be your parent, a new partner or your children, our next of kin will need money to cover funeral expenses. It is important for us to plan ahead so we do not leave our loved ones with expenses that they find difficult to pay for. The cost of even the most simple funeral is ever rising.Today the average funeral in the Unites States costs between $7,000-$10,000. I do not want to leave my heirs with this large expense, and I’m sure you would not want to either.

2. Life insurance is important to cover child support and/or alimony. As in married life, so in divorce, we would not want our children to suffer a substandard life style if we were not here to provide it for them. So it is important to make sure the children’s future is ensured by making sure we have substantial life insurance. Think of the large expenses yet to be faced, graduation, college, wedding, first child, there are many excellent reasons to have our life insurance in place.

3. Most of us hope, that our lives will end with a positive bottom line of even better. However in this era of credit cards and long-term student loans that is not always true. Many of us find ourselves carrying debt to the end of our lives. As responsible adults, it is important that we do not leave our heirs with the plague of unresolved debt. Pause for a moment and give this some thought to this, would you rather leave your loved ones with a tidy some of cash, or with a pile of unresolved debt? I do believe the answer becomes very clear when we consider the two options. I know I plan to leave my loved ones with a tidy some via life insurance.

4. Many families have either experienced this or known people who have. We graduate from college and can’t find a job, where do we go? Back to mom and dad. Next, we get married and after a child or two, it doesn’t work out, now the expenses of child support and supporting two households is too much so where do we go? Back with the parents. Statistics show that with the cost of living rising, more and more families end up with adult children back in the parents home. I have had this experience and I am planning ahead to make sure that all expenses are covered with life insurance.

5. The gift that we leave our loved ones is a gift they will remember the rest of their lives. Wouldn’t it be nice to leave them a substantial sum for something that will change their lives like home ownership for the first time, or college education for someone who otherwise would not be able to afford it? Perhaps it’s a gift to your alma mater or your special charity. It would be wonderful to be remembered this way. This is our opportunity to leave a gift to the future for those we love.

It is difficult to think of our own passing. Many of us don’t want to think of it, or procrastinate thinking of it. The longer this is put off the more harder it will be to deal with. It can be down right painful for us to think about, however now is the time. Find a life insurance agent you believe in and they will be happy to help you find the insurance coverage that is right for the future of your loved ones. I can promise you, you won’t regret getting this in place. And the best part is once we have completed getting life insurance, it done! We won’t have to do it again. And, we can sit back and enjoy life, knowing that the future is taken care of no matter what comes our way.

Top Considerations When It’s Time To Use Your Life Insurance Policy


What to Consider When It’s Time to Use Life Insurance

When it comes time for a primary beneficiary to use a life insurance policy, there are many important decisions to be made. It’s understandable to want to get financial assistance with unpaid bills, outstanding debts, and funeral and burial expenses. However, it’s important to consider your options before making any decisions with how to use your loved one’s life insurance resources.

Take Your Time

Rushing to make decisions, whether it’s because you feel you have limited time to do so or it’s at the urging of well-meaning family members, could result in actions you won’t be able to reverse later. Even with estate tax returns, you get about nine months to file, so there is still time for you to clearly understand your available options.

Gather Documentation

Aside from the policy itself, documentation you’ll need to collect should include bills, bank information, and papers related to other assets such as stocks and bonds. Start by determining what assets are in both of your names and identify any assets that may have only been in your loved one’s name. An accountant or estate planning attorney can help with this process.

Identify Beneficiaries

Life insurance policies allow for the distribution of financial assets in many ways among multiple parties. Identify all listed beneficiaries and determine whether or not the policy was updated to add or exclude certain parties. In addition to the primary and contingent, or alternate, beneficiary, types of beneficiaries may include:

  • Family members: Family members who depended on the policyholder as their main source of financial support are often listed as additional beneficiaries.
  • Legal guardian: If a minor is named as the primary beneficiary, a legal guardian will serve as the beneficiary until that person is of legal age.
  • The estate: An executor or administrator is named if the main beneficiary is the estate of the policyholder rather than any individual.

Continue Paying Bills

While you may be able to cancel some prior monthly obligations, bills should continue to be paid, especially anything that also has your name attached to it. For large debts, some creditors may make a claim on the estate of your loved one if you suddenly refuse to make anymore payments or honor certain debts.

Consider Payout Options

Death benefit payment options from a life insurance policy can include a single lump sum payment or life income in the form of regular payments for the rest of the beneficiary’s life. While it’s tempting to take the full payout, you may want to consider letting the money gather interest and receive payments monthly to help with recurring expenses. Additional payout options include:

  • Life income with a period certain: Payouts are linked to a specific period of time, 5 years, 10 years, etc., and will stop at the end of that period or if the beneficiary dies before that period is up.
  • Joint and last survivor life income: Payouts are made to more than one named beneficiary and will continue until the last beneficiary passes under this option.
  • Specific income: The beneficiary can instruct the insurance company on how to make payouts, as in $10,000 a year for 10 years on a $100,000 benefit.
  • Interest income: The beneficiary can opt to only receive interest payments and pass the remainder of the payout to a second beneficiary.

Additional Income and Benefit Sources

Life insurance may not be your only available source of income following the death of your loved one. Depending on your age, you may be entitled to receive Social Security benefits. The same is true for any children who may be old enough to receive such payments. If your loved one was still working at the time of their death, there may be unpaid wages you’re entitled to receive. You may also be able to receive pension benefits there were receiving or set to receive.

If you’re not sure which options are best for you, consult with the insurance company or agent who created the policy, if possible. Contact information for the agent should be on the policy itself. An estate planner or financial advisor can also provide useful insights. Ask plenty of questions and gather as much information as you can before making decisions. Ultimately, you want to be comfortable with what you decide is best for your situation.

7 Sports That Make Getting Life Insurance Hard (or Impossible!)


While we tend to think of sports as activities that ultimately improve our health, there are some extreme sports that are so dangerous that insurance companies may turn you away for practicing. While most sports won’t get you excluded from an affordable insurance plan, the seven sports below are deemed high risk activities and may make it hard (or impossible!) to get a decent life insurance rate. 

Base Jumping

Base Jumping is one of the riskiest sports a person could try, so it’s no surprise to learn that insurance companies won’t be too keen on covering you if this sport is on your list of extracurricular activities. Base Jumping involves jumping off of a cliff or building while parachuting or gliding in a wingsuit, providing plenty of thrills for people who perform this sport. In addition to getting turned away by insurance companies, participating in Base jumping is illegal in the US unless it is being performed as part of an event by trained professionals, so this sport could carry legal ramifications if practiced without the proper authorization to do so. 

Street Luge

Street luge is another extreme sport that could impact your ability to find an affordable insurance plan. This sport involves a rider who lies down on a luge board, which is similar to a skateboard but longer, and propels themselves down a paved road. Street luge riders can reach speeds of up to 97 mph, so it’s no surprise that insurance companies are quick to deny applicants who practice this dangerous sport.

Cliff Diving 

If diving from 80 foot cliffs is your idea of a good time, don’t be surprised when you have trouble finding the right insurance plan. The high risk involved in pulling off this sport is obvious, as it involves extreme physical challenge to divers that are likely to result in serious injury and even death. Because of the severe danger of cliff diving, swimmers will have to choose between plunging into the uncertain depths below and a reasonable rate from their insurance provider. 

Free Running

Free running is one of the most insane sports on this list. Inspired by military parkour practices, free running involves running and jumping from surface to surface in urban environments, such as rooftops, rails, and walls. Because of the sometimes undisciplined nature of free running, practitioners run a high risk of severely injuring themselves, and insurance companies will be sure to run the other way. While this sport may look impressive from a distance, you may want to drop it for a better insurance deal. 

Ice Climbing

While mountain climbing presents enough risks in and of itself, climbers with a more daring edge have taken to walls of ice for sport. Ice climbing involves climbing up frozen waterfalls, icefalls, and other frozen bodies of water using ropes, crampons (special devices attach to the bottom of footwear), and perhaps an ice axe. In addition to the obvious perils such as falling and freezing to death, ice climbing presents risk to practitioners in the form of sharp gear, the most dangerous of which are the spiked crampons that are critical to the sport. Climbers who prefer to spend their time in ice structures will likely struggle to find a cost friendly insurance option. 

Big wave surfing

Big wave surfing involves gliding over waves at least twenty feet tall on special surf boards called towboards. This sport involves great discipline and skill in the water, but is accompanied by inherent risks that won’t make your insurance bill happy. Broken bones from crashing waves, drowning, and shark attacks are all possible scenarios that make big wave surfing intrinsically dangerous, so it’s understandable that this sport won’t be doing you any favors in the insurance department. Because surfers can be slammed up to 50 feet under water if swept up by a wave, the insurance industry views big wave surfing as a very risky practice. 


Heliskiing as an alternative snow sport that involves a skier being dropped into remote, usually unreachable locations by a helicopter. While heliskiing allows skiers to reach terrain that a ski lift can’t, this opens practitioners up to increased danger. Skiers could cause an avalanche upon hitting the ground after jumping from the helicopter, and skiing in unknown areas increases the chances of falling through the ice into a crevice. Because of the immediate dangers associated with practice this sport, insurance companies won’t be too eager to provide you with a preferable rate.

6 Reasons Single People May Need Life Insurance


When we are young and healthy and single, buying life insurance seems like the farthest thing from our minds. Why worry about purchasing life insurance when we are virtually invincible and have no one to care for, right? Well, maybe not. The following are six reasons why purchasing life insurance is a good idea even for single people.

1) What You Get from Work Is Not Enough

Most employers offer some form of life insurance. And while what they offer may be sufficient to cover some of the initial costs associated with your death and burial, according to the US Bureau of Labor Statistics, the insurance that most employers offer is usually inadequate to cover the needs of the loved ones they leave behind.

Most companies will give their employees a life insurance policy that is equal to their yearly salary, or at most that doubles their yearly salary. Financial planners recommend that a person’s life insurance policy be at least 10 times their annual salary.

2) You Can Afford It

The number one reason that people, especially young people, give for not purchasing life insurance is that they cannot afford it. Many millennials mistakenly believe that life insurance policies are a lot more expensive than what they really are. In most instances, a life insurance policy is going to cost less than what you pay every month for your cell phone or for your cable-television. And while it is true the prices are going to change depending on how old you are, any health challenges you may have, and your gender, it is also true that the expenses your death could leave behind are a lot more than what you would pay for life insurance.

3) It’s Easy for You to Understand

Another objection people throw out when talking about getting life insurance is that it is so complicated they will never understand it, and they don’t want to throw their money away on something they don’t understand. But the truth is that insurance policies are very simple. Boiling down to the most broadest terms, when you buy insurance, you have two options. You can either get permanent life insurance or term life insurance.

You can think about permanent life insurance like buying a car. Every single month, you pay for the car. As long as you make your payments on time, the car is yours. It is the same thing with permanent life insurance.

Term life insurance, on the other hand, is like leasing a car. You pay every single month for a set amount of months. However, when that term is over, you will have to renew the term to continue having insurance. If you’re still confused, talk to a professional and they will walk you through it every step of the way.

4) It’s Cheaper the Earlier You Start

The sooner you buy life insurance, the cheaper the policy is. If you buy a life insurance policy for a quarter of million dollars, it’s a 20 year term policy, and you are 25 years old, you’re going to pay in the neighborhood of $15 a month for your insurance as long as you’re healthy. However, to buy that same policy at age 50 is going cost you almost $50 a month. The older you are, the higher the premiums.

5) You Want to Protect the People You Love

Even single individuals have people they care about. Think about this, if your life was to end suddenly, who would have the responsibility of caring for your end-of-life needs? It would fall on your parents, would fall on your friends, would fall on the people you love? Do you really want them to be worrying about getting the money together to pay for your burial and cover other expenses while at the same time grieving for your loss? Of course not. For this reason, life insurance makes sense.

6) You Have Student Loans

Life insurance can help cover the debt you leave behind. Some loans, like government provided student loans, may be discharged after death. But other loans, like those taken from private institutions, may be assigned to your parents, especially if they cosign for you. 

When you buy life insurance, you show that you are a loving, caring, responsible adult. You protect the people you care about. You leave them with a security net that they can use to go on with their life after you are gone.

How Do You Know If You Need Life Insurance?

Life insurance is designed to replace lost income or pay for special needs your family would have if you weren’t around. The big questions you need to ask are: Do you need it? And if so, what kind should you get?

Do You Need It?

If you have a spouse, kids, or aging parents who depend on you, life insurance is  a good option to consider.

If you’re a wage earner, you’ll want to replace your salary plus provide for any additional needs, such as paying off the mortgage, college tuition or career training for a spouse who may be reentering the work force.

Would your working spouse want to take some time away from the job to be with the kids after a loss? If so, what would that cost?

If you’re a stay at home parent, look at what it would cost to hire help to perform tasks you routinely do (day care, housekeeping, financial management, cooking, grocery shopping).

If you’re caring for a family member with special needs, what would it cost to make sure that person is provided for if you die?

If you’re at or near retirement, how would your spouses income change if you were around, or vice versa? If all or most of your pension or retirement savings would be accessible, you might not need life insurance.

What Kind Should You Get? 

Term is the simplest form of insurance to understand and the type most financial experts recommend because it allows you to purchase the most coverage for the least amount of money. Purchase a policy for a specific amount that will covevr you for a particular time period (or term).

Term Universal Life
A new hybrid that offers more flexibility than a term policy. Term UL lets you extend the term of the policy after you are in the plan. Unlike term, you can choose rom 10 options, tailoring the policy to your current financial state. 

Whole Life

Rather than covering you for a part of your life (as with term), whole life will cover you for your entire life, as long as you can keep up the premiums. Whole life coverage is more expensive than term, and part of the premium will be set aside in an account designed to help cover the cost of the premium as you get older.

Blended Life

A blended life insurance policy starts out as a combination of term coverage and permanent coverage. Future dividends paid on the policy are used to convert the term coverage into permanent coverage.

Universal Life

UL covers you for as long as you make the premiums, and contains an investment component. Beneficiaries either receive the face value or the face value plus the cash value of the investment account. The face value can rise and fall with the value of investments.

Variable Life

Similar to universal variable life, but usually offering more investment options, including stocks, bonds, and mutual funds. The face value will rise and fall with the value of the investments.

What Affects Your Life Insurance?

What Affects Your Life Insurance?

  • Age

It may be cheaper to take out a policy when you’re younger, since you’re more likely to be in better shape than when you’re older.

  • Gender

Statistics have proven that women tend to live longer than men, as they have better health lifestyles and diets.

  • Tobacco Use

If you use cigarette or smokeless tobacco, it might affect you life insurance premiums.

  • Career

High-risk professions can increase your insurance premiums. High-risk industries include fishing, mining, construction, forestry, agriculture and transportation.

  • Weight

Life insurance companies often ask for your weight because overweight people may be more prone to health problems such as diabetes and heart disease.

  • Family Health History

If any of your family members have ever suffered from a serious medical condition, life insurance companies take this into account because there is a chance you might also suffer from these health issues

  • The Impact Of Blood Pressure, Existing Illness, and Cholesterol

Applicants with certain health conditions may be viewed as high risk. Let your life insurance company know if you are managing your conditions well, and you may be able to get a lower, preferred rate for your coverage.

What Could Cause Your Life Insurance Premium to Increase?

  • Poor Driving Record

Nearly 33,000 people died in traffic accidents in 2013. Bad or reckless driving may raise your chance of death.

  • Foreign Travel or Residency

Life insurance companies consider traveling and living in foreign countries to entail a certain amount of risk.

  • Felony Criminal Involvement

If you’ve been involved in a violent crime, you’re more likely to be denied life insurance. But, the longer you go without any legal trouble, the more likely it is that you will be approved.