There are many factors that go into calculating the cost of your monthly life insurance premium. And your health is the single point that can steer those costs up or down. Even in today’s health conscious society, many people remain unaware of the close connection health plays in determining the cost of your life insurance. The reason is the additional risk of death life insurance companies place on people with unhealthy lifestyles.
Some life insurance companies are now offering significant discounts for those people they consider to be leading a healthy life. These companies are willing to shave off as much as 20% off the standard premium rate for these “low risk” individuals. So, you may be asking… What is a healthy lifestyle? For the most part this means exercising regularly, not smoking cigarettes, maintaining a good diet, not being overweight, and limiting or avoiding dangerous activities such as hang-gliding or scuba diving. Again, in the eyes of the life insurance companies people living a life like that are at a lower risk of dying prematurely.
Of course, your health is only one determining factor. Other factors that can score you positive lifestyle points include your family medical history, a healthy weight, and even a clean driving record. Visit LifeQuote.com and enter your information into their high tech quoting system to compare life insurance quotes. By doing these tests you can get a clear dollar figure as to the value of making significant improvements to your lifestyle. For instance, if you are a smoker, request a life insurance quote as a non-smoker and compare the price difference.
LifeQuote Holdings, Inc., is a pioneer in online life insurance brokerage. The firm was one of the first to offer consumers free life insurance quotes technology via telephone in the 1980’s, prior to developing the Internet business model. The executive team is made up of life insurance and retirement plan veterans, as well as media/marketing specialists, and experts in web design, development and search engine optimization. The company CEO is a respected leader in his field and coveted public speaker at national industry meetings. To find out more, please visit www.lifequote.com.
The author of this LifeQuote Blog post is not a licensed life insurance agent or broker.