Term Life Insurance Articles
Three Factors That Affect Term Life Insurance Quotes
2010-04-05
Term life insurance policies are cheaper than other life insurance policies because when the term expires, the insurance company does not make any payments to the policyholder. Keep in mind that several factors will affect your term life insurance quote. Firstly, if you are a smoker, you can expect to pay more for life insurance. Smokers are twice as likely to pass away than non-smokers when they are insured. You can save 20%-30% on your life insurance premiums by quitting your smoking habit.
Secondly, your health affects your term life insurance quote. Your blood pressure and cholesterol have a significant impact on your insurance premiums. If your cholesterol or blood pressure is high, you may be charged more for coverage because these health conditions can lead to many health problems including heart disease. Keep in mind that if your blood pressure is slightly higher than 140/90, it is considered low-grade hypertension and it should not affect your life insurance rates. However, if hypertension is combined with other underwriting factors, your premiums may increase. If you want to save money on your premiums, you should make the effort to improve your health by normalizing your blood pressure and cholesterol and consult with your doctor about taking blood pressure and cholesterol lowering medications. Most physicians recommend that people keep their cholesterol under 200 and their LDL under 100. If your cholesterol is slightly higher than normal, it should not affect your life insurance rate. In addition, obesity or an unhealthy weight can lead to many health problems and it may affect your premiums, so you should work hard to stay healthy and fit.
Thirdly, your occupation can affect your term life insurance premiums. If you have a high-risk occupation, you will probably pay more for insurance. For example, if you work with dangerous or toxic substances or in a circus with dangerous animals, your premiums will be higher. The insurance companies will evaluate the risks you are taking with your occupation and if they are very high, your term life insurance premiums will be probably be expensive. Please note that insurance providers can deny your application for term life insurance if they do not want to take the risk of insuring you. If a life insurance company denied your application because of your occupation, you can look for an insurer that specializes in high-risk term life insurance policies, but you will pay more for coverage.
If you have any of these risk factors, make sure you compare life insurance rates online with several companies. If you do enough research, you may be able to find term life insurance for a reasonable price, so it's worth the extra time.
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Term life insurance policies are cheaper than other life insurance policies because when the term expires, the insurance company does not make any payments to the policyholder. Keep in mind that several factors will affect your term life insurance quote. Firstly, if you are a smoker, you can expect to pay more for life insurance. Smokers are twice as likely to pass away than non-smokers when they are insured. You can save 20%-30% on your life insurance premiums by quitting your smoking habit.
Secondly, your health affects your term life insurance quote. Your blood pressure and cholesterol have a significant impact on your insurance premiums. If your cholesterol or blood pressure is high, you may be charged more for coverage because these health conditions can lead to many health problems including heart disease. Keep in mind that if your blood pressure is slightly higher than 140/90, it is considered low-grade hypertension and it should not affect your life insurance rates. However, if hypertension is combined with other underwriting factors, your premiums may increase. If you want to save money on your premiums, you should make the effort to improve your health by normalizing your blood pressure and cholesterol and consult with your doctor about taking blood pressure and cholesterol lowering medications. Most physicians recommend that people keep their cholesterol under 200 and their LDL under 100. If your cholesterol is slightly higher than normal, it should not affect your life insurance rate. In addition, obesity or an unhealthy weight can lead to many health problems and it may affect your premiums, so you should work hard to stay healthy and fit.
Thirdly, your occupation can affect your term life insurance premiums. If you have a high-risk occupation, you will probably pay more for insurance. For example, if you work with dangerous or toxic substances or in a circus with dangerous animals, your premiums will be higher. The insurance companies will evaluate the risks you are taking with your occupation and if they are very high, your term life insurance premiums will be probably be expensive. Please note that insurance providers can deny your application for term life insurance if they do not want to take the risk of insuring you. If a life insurance company denied your application because of your occupation, you can look for an insurer that specializes in high-risk term life insurance policies, but you will pay more for coverage.
If you have any of these risk factors, make sure you compare life insurance rates online with several companies. If you do enough research, you may be able to find term life insurance for a reasonable price, so it's worth the extra time.
