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.
