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| Life Styles That Can Make Getting Life Insurance Difficult Posted: 10 May 2013 10:59 AM PDT Life insurance can be expensive and if you are risky to insure then you will find that not only is it dearer but it will be harder to find a policy to start with. There is a selection of things which can make life insurance difficult to get and it can be possible to make changes to your lifestyle to make it easier to get insurance and to reduce the cost of it. Below is a list of five factors that could make a difference for you. Weight Being overweight is seen as a big risk factor when assessing life insurance premiums. This means that if you can make sure that your weight is within a healthy BMI level, then your premium will not be elevated. It can be difficult to lose weight, but there are many benefits as well as lower cost life insurance. You will find that you can save money on food, feel better in yourself, feel more attractive and be less likely to get unwell in old age. All of these factors should be good motivators in trying to get down to a healthy BMI. Smoking Smoking can make a huge difference to the price of your premium. It has proven health risks and so insurers will want to cover themselves for these costs by increasing the premiums of smokers. It is not easy to give up, but there are many aids that you can use. You will find that you will feel a lot better once you give up and you will save money, both on life insurance and on cigarettes which you could spend on a treat for yourself. If you get a smoking related illness then you may find it difficult to get life insurance at all. Health It is not easy to improve our health in all ways. If we have a genetic disorder or have had health problems in the past, then there is nothing we can do to change that. However, if we know that we have a risk of developing a disease such as type II diabetes because of a genetic tendency in the family then we should work hard to avoid eating sugar so that we do not develop it. We can also try to keep fit and active and eat sensibly so that we can avoid getting other disease such as heart disease or cancer. Keeping healthier for longer will mean that premiums will remain lower and available for longer and you will have a better quality of life as well. Risky occupation Working in an occupation where you put your life at risk will increase your premium and reduce your chance of being insured. This would include jobs such as racing driver, fire fighter and soldier. Changing your occupation may not be something that you are prepared to do in order to reduce your insurance premium; however, if you are considering a career move, then it could be a wise thing to do. Risky hobbies There are certain hobbies that you can have that will put your life at risk and therefore put your premium up. These include things like bungee jumping, skiing, white water rafting, hot air ballooning, hang gliding, parachuting and surfing. It is worth considering whether it is worth doing these activities regularly, if it is costing you a significantly higher amount on your life insurance. So there are life style changes that you can make that will reduce your life insurance premium and also make it easier for you to find cover. If you are seen as a huge risk then it will put off insurers offering you insurance at all but if you make changes to lower that risk then you will more likely to find insurance. You will also find that by lowering your risk, you will lower the cost of your life insurance as well. |
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