What factors will affect the cost of my life insurance and
what makes life insurance cost more?When it comes to pricing of life insurance, the rate for coverage is based on several factors including the type of life
insurance policy, the duration of coverage, and the amount of life insurance.
In addition, your personal risk factors will affect the
price you pay, including your age, gender, health, family health history,
driving record, lifestyle, hobbies, occupation, tobacco use, height-to-weight
ratio, etc.
If you are very healthy and don't smoke, you pay a lower
rate than someone of average health, or a smoker.
If you have a high risk job or occupation you pay more than
someone with a low risk job.
If you have a health condition that may shorten your life
expectancy, you pay a higher rate than someone in good health.
And, smokers may pay up to 2-3 times more for the same
coverage compared to non-smokers.
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What makes life insurance cost more?
