Comparison shopping for life insurance will give you a good idea of policy options and costs. You’ll also learn what factors affect the cost of life insurance premiums so you can do your part to qualify for lower prices. Your lifestyle, hobbies, and habits could be causing you to pay more for your life coverage than necessary. What factors do insurers look at to determine life insurance costs?
Your weight, blood pressure, cholesterol levels and health history will be evaluated when you apply for life insurance to determine your overall condition. If you have a history of illnesses or are in poor health, your life insurance premiums will be high. Smoking will definitely cause an increase in life insurance costs.
If you travel to dangerous places or partake of hobbies that put you at greater risk of accidents or dying before your time, i.e. motorcycle racing, deep sea diving, etc., you can expect to pay more for your life insurance premiums. At J. Charles Insurance, we’ll help guide you through life insurance options best suited to your choice of lifestyle.
Age is a major factor in determining life insurance costs. Generally, life insurance costs rise with age. It’s to your advantage, therefore, to purchase a policy as a young adult as an investment into your future.
If your driving record reflects a number of accidents and/or DUI’s, you’ll be considered a high risk by insurers and will probably have to pay more for your life coverage. A clean driving record could make you eligible for lower policy costs.
For more information about life insurance, contact J. Charles Insurance, Norman, OK, today. We offer a variety of life insurance options to meet the needs of Norman, OK residents and the surrounding community.