Life insurance rates can vary widely from individual to individual. If you live in Albany, NY and have been curious about the things that can affect your life insurance rates, read on for some informative facts from NY Twin Bridges Insurance Agency.
One of the biggest factors that can influence your life insurance rate is your age. By and large, younger people have less expensive life insurance rates than older people.
Health Status and Family Health History
If you are generally in good health, you will enjoy lower life insurance rates than someone who deals with troublesome health conditions. A family history of some diseases may increase your insurance rates. Some things, like whether or not you have had cancer or whether your mother had breast cancer, you can’t help. However, other things you may be able to change. You can try to lose weight, lower your blood pressure, and keep tabs on chronic health problems before they cause long term damage to your body. Doing these things may improve your life insurance rate.
Having a good driving record leads to lower auto insurance rates, and it may also affect your life insurance rate. Your driving record reflects how careful you are, so having fewer tickets and accidents means a lower risk for the life insurance company and a lower rate for you.
Some occupations have a higher risk of death. If you are a police officer or fireman, your job is riskier than someone who works as an accountant. Additionally, if you work in a more dangerous location, your premium may be higher.
Some things, like your age, occupation, family health history, and health status, you may not be able to change. However, other things, like your weight, driving record, and fitness status you can change. By making small changes in your lifestyle, you may be able to reduce your insurance premiums. If you have questions about your life insurance rate in Albany, NY, contact NY Twin Bridges Insurance Agency today.