Factors That Affect Life Insurance Rates
Age is probably the single greatest factor used in determining your life insurance premium. There are other factors that can influence your life insurance rate.
- your family health history
- your current health
- being obese
- whether or not you take heart medication
- whether or not you smoke
- risks or danger involved in your occupation
- your participation in extreme sports
Life insurers want to insure the individual who has the lowest risk of death. People with low risk factors usually receive the select or preferred rate, which is the most inexpensive premium. To get life insurance quotes from companies near you, use the online form.
Sources
- A question of health. Retrieved May 8, 2008, from http://money.cnn.com/magazines/moneymag/money101/lesson20/index6.htm
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