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 What chocolate bars and premiums have in common

What chocolate bars and premiums have in common

I remember back to the first time I decided to start investing in life insurance. I did my research, I found an agent I trusted, and I was ready to go. But not really. Something kept nagging me in the back of my head — something I wasn’t yet ready to face, but I knew I would eventually have to. Throughout my research and in conversations with my agent, I kept coming across the phrase healthy lifestyle.

How annoying, right? Here I was trying to make a financial decision for my family, and yet all I could think about was that daily donut I had for breakfast! What was the deal?

When it comes to life insurance, what difference does it make what you eat?

  • Or what your driving record looks like?
  • Or how often do you have a drink of wine?
  • Or if you jog around the block or not?
  • Or if you enjoy extreme sports?
  • Turns out, a whole lot more than you think!

If insurance companies feel you could be a high-mortality risk-based in any part of your lifestyle, you could find your life insurance premium increased by 50% — or coverage could even be denied! This may seem discouraging for those who have little time for exercise, who have tried so many times and failed to quit smoking, or who absolutely love rock climbing, but small changes can be made that will go a long way! So simply skip the donut and eat the apple instead.

You can expect more than increased life expectancy or a vast improvement in your well-being if you change your lifestyle — the savings in your life insurance premiums will be noticeable too!

Your Health And Life Insurance Rates

Your health affects your life insurance rates. Life insurance premiums are based on the amount of risk an insurer takes when it agrees to insure you. If you have a history of poor health, your life insurance rates will be higher than someone who is in good health. This is because an insurer assumes that someone with a history of poor health is more likely to die sooner than someone who is healthy.

Your health is a major factor in how much you pay for life insurance. Life insurance premiums are based on your age, health, and lifestyle. If you have a history of health problems, you will likely pay more for life insurance than someone who is healthy. Smokers, for example, typically pay more for life insurance than non-smokers. This is because smokers are considered to be at a higher risk because they are more likely to develop cancer or other health problems.

If you have a family history of heart disease or other serious illnesses, you may also have to pay more for life insurance. insurers will want to know if there is a greater chance that you could develop these conditions in the future.