Finding the right policy can be confusing if you do not know where to start. Keep these 8 factors that affect life insurance premiums in mind when looking for the right policy at the right price.
- Age. The younger you are when you purchase a life insurance policy, the less expensive your premiums will be.
- Health history. A history of any type of chronic disease will increase your life insurance premiums since you are a bigger risk to the insurance company.
- Current health. Before purchasing a life insurance policy, you will have to go through a screening to determine if you have any health concerns. The healthier you are, the lower your premiums will be.
- Weight. Since obesity is tied to many health issues, being overweight can increase your premiums.
- Occupation. Dangerous occupations, such as driving race cars increase your chance of dying early, which is why premiums for life insurance are higher for people with more dangerous jobs.
- Smoking. Those who smoke will pay more for their life insurance policy since they have a higher risk of developing life threatening illnesses.
- Family history. If you have any serious illness runs in your family, you will probably end up paying more for your life insurance since you are at a higher risk of developing the illness.
- Gender. Women typically live longer than men, which means that they will pay less for their life insurance policy.
For all of your life insurance needs, please contact Brande at Saks Insurance in Mesa, Arizona.