Life insurance is a complicated business. When an insurer analyses your application, they will be looking to minimise the chances they will lose money by insuring you. To do this, they will look carefully at the risk factors involved in your case. The more risk factors involved in your application, the higher your premium is likely to be, and eventually the greater the chance that you will be denied life insurance. So the buyer of life insurance would do well to understand the risk factors in their lives that may push up their premiums or even leave them struggling to find an insurer who will accept them.
One of the most important things a life insurance firm will look at is whether and how much you smoke. Smoking increases the probability you will suffer from heart disease, lung cancer, and stroke, and will seriously inflate the value of the premiums you will have to pay. Expect to receive a medical which involves a urine test from which nicotine traces may be detected, and if you do smoke, expect substantially higher premiums as a result.
Life insurers will also question you on your alcohol use, and are likely to take a blood sample to evaluate whether elevated liver enzymes indicate that you are drinking unsafely. Drinking too much can lead to a range of health problems and eventually premature death, from heart disease, liver failure, cancer, even suicide or accidents. Indeed, any drink-driving conviction on your record will represent a risk factor likely to send your premiums sky high.
There are a set of medical conditions that also represent risk factors. High cholesterol and high blood pressure have potentially harmful health implications if they lead to heart disease, and will certainly push up your premiums. Diabetes and asthma also represent risk factors, as will any other equivalent chronic health condition with a potentially detrimental effect on one's health. Although conditions may only have a limited effect on your premiums you might even still receive a preferred rate if they are mild, if you suffer from a condition and simultaneously adopt lifestyle choices to their detriment you may lose out. Life Insurance for Smokers with asthma, for example, may expect high rates. The overweight may also face higher life insurance costs. Insurers calculate premiums based on one's build one's weight relative to one's height. Premiums increase with greater weight, and, it should be noted, overweight individuals who also have problematic conditions are more likely to face higher premiums.
Seniors are likely to possess one of these risk factors, or have another medical condition. However, healthy young adults whom live a particular lifestyle that is likely to raise your premiums, consider obtaining life insurance from firms that specialise in handling applications from people with higher risks. You may find that they can offer you a better policy than the standard ones available, and your premiums may be far more reasonable as a result. To find the best deal for you, search extensively on the internet and use telephone directories, and consider speaking to a life insurance agent who may be able to help someone with your circumstances.