Showing Tag: "how is life insurance priced" (Show all posts)

How is Term Life Insurance Priced?

Posted by hadley hadley on Tuesday, January 8, 2019, In : Life Insurance FAQ's 

If you're shopping for term insurance coverage, you may be wondering how your term life coverage is priced.

Pricing for term life insurance takes into consider several key factors to develop your premium.

Some of the main pricing factors include your age, health, type and amount of life insurance you need; as well as, your gender, lifestyle, occupation, hobbies, tobacco use, among other risk factors that may help the life insurer determine your life expectancy.

Since term life insurance is tempo...


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How is a Life Insurance Policy Priced?

Posted by hadley hadley on Tuesday, March 13, 2018, In : Life Insurance FAQ's 

If you're shopping for life insurance coverage you may be interested in how an insurance company develops the premium they charge you for life insurance coverage.

There are several factors that are considered for pricing a life insurance policy including the type and amount of life insurance you need.

In addiiton, your age and gender are important pricing factors.

Insurers also consider your personal risk factors which may include your health, lifestyle, tobacco use, driving record, hobbies and ...
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