Insurance Premiums Explained

There are a wide variety of factors affecting how insurance premiums are calculated. Certain types of insurance are generally more expensive than others. In most cases, factors such as age, gender, face amount of insurance, coverage amounts, smoking or non-smoking and other health factors affect insurance premiums. Insurance premiums are the cost to purchase insurance and insurance premiums can be paid monthly, quarterly, semi-annually and annually in most cases.

Common Factors Affecting Insurance Premiums:

  • Age
  • Gender
  • Weight/Height
  • Face Amount of Coverage
  • Smoking
  • Drinking
  • Health History
  • Current Health
  • Occupation
  • Family History
  • Additional Riders

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