3 Things That Will Significantly Affect Your Life Insurance Premium
When inquiring about Life Insurance, there are a couple of things you might want to be aware of. Life Insurance is based on age, health and lifestyle. The three health issues carriers consider risky are: 1) Obesity. If you are obese, you might have a harder time getting a policy with low premiums and a higher death benefit. Obesity is the number one factor in many health problems, so of course insurance carriers are going to cover their risk of you passing away young, thus they will collect larger premiums to protect their interests. 2) Like Obesity, Diabetes is also taboo, basically for the same reasons. 3) Smoking is a big no, no in the insurance world. When we give a "Quickie Quote", the only health question is if the client is a smoker or non-smoker. Of course, once we start paperwork, other questions come into play. ***If you are a smoker and quit, after a year the carrier may reevaluate your health status and offer you a lower premium. The best time to get Life Ins