Uncovering the Mystery Behind Life Insurance Premiums

When it comes to ensuring that your family is provided for in the event of your death, life insurance is one of the best investments that you can make. Before you purchase a life insurance policy, it is important that you know what lifestyle choices and factors can make your premiums more expensive.

Since being overweight can increase your risk of death, your weight is a factor in the premium pricing. If your weight is above average for your body structure, you may find that your insurance company includes a surcharge or rates your policy as higher risk.

Tobacco use is another significant risk factor. If you are a smoker or you use smokeless tobacco, your insurance company will place you in a higher risk pool for your life insurance. Most insurance companies test for tobacco use, so honesty is important here.

A negative driving record shows a history of poor or risky decisions, which puts you at a greater risk as well. High-risk hobbies like mountain climbing or white water rafting can place you in a risky rate plan, too. Finally, your medical history is essential. A history of mental illness, cancer, cardiovascular disease or other serious health conditions can also lead to a policy in a higher rating class.

To get a quote for your new life insurance policy, contact Warrior Insurance and Services Group today.

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