Term Life Insurance Articles
Factors That Will Increase The Cost Of A Term Life Insurance Quote
2010-12-16
There is no easier or more affordable type of life insurance protection than basic term life. Life insurance quotes for term life are always the lowest because there are no monies owed to the policy holder when the term of coverage expires. Although the premiums are low, some things do generate increased insurance cost. If you are comparing life insurance quotes, be aware of some of the factors that can affect your premium.
The most obvious reason for increased insurance cost is a less than perfect state of health. Almost everything matters. If you have an elevated cholesterol level or high blood pressure, it will be reflected in comparably elevated life insurance quotes. Blood pressure and cholesterol levels that are only slightly higher than normal, should not have an impact on your rates. But these factors together, or in conjunction with other risk factors such as obesity, will definitely translate to increased insurance cost. It is not surprising that any serious or chronic health issues from diabetes to pain management will affect what you pay for life insurance.
If you are a smoker, your life insurance quotes will be higher; there is no way around it. Even an occasional cigar smoker is going to pay more for coverage. Life insurance premiums are based on statistics in large measure and the statistics say conclusively that insured tobacco users are 50% more likely to die while covered than those who do not use tobacco. Being a smoker can add as much as 30% or more to life insurance quotes. Quitting may not help much because there is virtually no difference between a smoker and a person who has recently quit.
Many people are unaware that what they do for a living can have a dramatic impact on their life insurance quotes. Of course, when you think about it is not difficult to understand why. If you work with dangerous animals or substances, or in a traditionally hazardous profession like commercial fishing for example, you will pay higher premiums than someone working at a desk job. The insurance companies have ways of incorporating information like this into their tables to determine the probability of you dying as a result of your work and adjusting your premiums accordingly.
Dangerous hobbies like skydiving, flying a plane and rock climbing among others, have an upward affect on life insurance quotes. Again, it is all based on numbers and probabilities. Your level of skill and experience will have zero influence on the actuarial tables. The world's best mountain climber is the same as a novice in terms of the statistics.
If you have any of these high risk factors, shop for the best pricing.
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There is no easier or more affordable type of life insurance protection than basic term life. Life insurance quotes for term life are always the lowest because there are no monies owed to the policy holder when the term of coverage expires. Although the premiums are low, some things do generate increased insurance cost. If you are comparing life insurance quotes, be aware of some of the factors that can affect your premium.
The most obvious reason for increased insurance cost is a less than perfect state of health. Almost everything matters. If you have an elevated cholesterol level or high blood pressure, it will be reflected in comparably elevated life insurance quotes. Blood pressure and cholesterol levels that are only slightly higher than normal, should not have an impact on your rates. But these factors together, or in conjunction with other risk factors such as obesity, will definitely translate to increased insurance cost. It is not surprising that any serious or chronic health issues from diabetes to pain management will affect what you pay for life insurance.
If you are a smoker, your life insurance quotes will be higher; there is no way around it. Even an occasional cigar smoker is going to pay more for coverage. Life insurance premiums are based on statistics in large measure and the statistics say conclusively that insured tobacco users are 50% more likely to die while covered than those who do not use tobacco. Being a smoker can add as much as 30% or more to life insurance quotes. Quitting may not help much because there is virtually no difference between a smoker and a person who has recently quit.
Many people are unaware that what they do for a living can have a dramatic impact on their life insurance quotes. Of course, when you think about it is not difficult to understand why. If you work with dangerous animals or substances, or in a traditionally hazardous profession like commercial fishing for example, you will pay higher premiums than someone working at a desk job. The insurance companies have ways of incorporating information like this into their tables to determine the probability of you dying as a result of your work and adjusting your premiums accordingly.
Dangerous hobbies like skydiving, flying a plane and rock climbing among others, have an upward affect on life insurance quotes. Again, it is all based on numbers and probabilities. Your level of skill and experience will have zero influence on the actuarial tables. The world's best mountain climber is the same as a novice in terms of the statistics.
If you have any of these high risk factors, shop for the best pricing.
