How is my life insurance premium calculated?
The personal information you provide, the term of your life insurance, and the amount for which you want to be insured are used to calculate insurance premiums. Factors like weight, smoking status, age, and any pre-existing conditions you may have are used to estimate risk, and the higher the estimated risk, the higher your premiums will be.
If an insurer thinks you are high-risk, they usually ask for more information – for example, they may want reports from your doctor. Once they have that information, it still has to be interpreted and it can take a long time to get your insurance application approved.
If this is you, you’ll find that it’s easy to get life insurance from us, and we’re confident that you’ll find the premiums reasonable. Get your quote today - no waiting and no fuss.
If an insurer thinks you are high-risk, they usually ask for more information – for example, they may want reports from your doctor. Once they have that information, it still has to be interpreted and it can take a long time to get your insurance application approved.
If this is you, you’ll find that it’s easy to get life insurance from us, and we’re confident that you’ll find the premiums reasonable. Get your quote today - no waiting and no fuss.
Updated on: 13/08/2024
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