phone888-254-4640 contactEmail Us ApplyApply Now
Logo
phone888-254-4640 contactEmail Us ApplyApply Now
☰ ×
  • Home
  • Apply Now
  • Life
    • Life Insurance Information
    • How Much to Apply For
    • The Underwriting Process
  • Disability
    • Disability Insurance
    • Group Disability Is Not Enough Coverage
    • Qualifying Types of Disabilities
    • Disability Myths
    • Protect Your Lifestyle
    • Kaiser Group LTD Disability
  • Indexed Universal Life
    • Indexed Universal Life
    • Comparison of Financial Alternatives
  • Blog
  • Testimonials
    • Testimonials
    • About RWM Insurance
    • Privacy Policy
  • Resources
    • Income Replacement Insurance
    • Application for Life Insurance and/or Disability Income Replacement Insurance
    • Preparing for Your Exam
    • IUL Reference Documents
    • Refer a Friend
    • Join Our Newsletter
    • Insurance Glossary
    • Supplemental Insurance
  • Contact Us
    • Contact Us
    • We Are Here To Help/Employees
    • Location Map
Home > Blog > How Staying Healthy Can Reduce Your Life Insurance Premiums
WEDNESDAY, JUNE 26, 2019

How Staying Healthy Can Reduce Your Life Insurance Premiums

life insurance risksAlmost all insurance companies will base customers’ premiums on factors called risks. Life insurance companies will use risk factors to set rates as well. So, if factors in your life pose higher risks to the insurer, then you might pay more for your life insurance. Why is this? What can you do to improve your health and possibly qualify for lower rates?

What is a life insurance risk?

In the insurance world, a risk is the likelihood that an insurable event will occur. An insurable even is one that will trigger a claim (and payout) on a policy.

Life insurance will pay should the insured person dies. So, to determine risk, the insurer will weigh factors influencing the insured’s chances of death. That helps them determine the likelihood of it happening while the policy exists. If a person has a higher risk of death, then the insurer has a higher risk of having to make a payout. As a result, the policyholder will likely have to pay more for the coverage.

Factors like the insured’s age, sex, occupation, lifestyle and medical history could all influence risk. Health, alone, is such an important risk factor, in fact, that many life insurers require applicants to undergo medical exams before they will approve them for various policies.

Why does your health play a role in this risk?

Life insurers like to know how an insured’s health measures up. This is because, perhaps obviously, health is a main factor that can influence a person’s wellness. If you have bad health, or poor habits of maintaining your health, your risk of death likely will increase. Therefore, an insurer might have to charge more for the life insurance policy.

Look at it from the perspective of conditions like heart disease, diabetes or high blood pressure. These conditions might not pose an imminent fatal risk. They might be manageable. However, over time, they can significantly impact a person’s longevity. Therefore, sufferers might have to pay more for their life insurance.

Improving Your Life Insurance Health Risks

Better health makes for a better life insurance risk measurement. With the right health self-care, you possibly could reduce your life insurance premiums. We can all take simple, but productive steps to influence our own health.

  • Stop smoking. The dangers (cancer, heart and lung disease, etc.) are obvious. If you can abstain from smoking for a number of years, you might qualify for lower policy rates.
  • Monitor your alcohol intake. Those who drink to excess put themselves at risk of many chronic illnesses, like cirrhosis.
  • Research an appropriate diet for people of your age, weight and overall health. Your doctor or a nutritionist can help you consider your options.
  • Drink ample amounts of water. Hydration is one of the pillars of health maintenance.
  • Make regular exercise part of your routine. Even light exercise can balance your blood pressure, blood sugar circulation and more.

With over 40 years of experience RWM Insurance finds our clients the lowest rates available. Get your free quote today - click here.

Posted 11:01 AM

Tags: insurance, life insurance, health, risks
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013

  • life insurance(22)
  • rwm insurance(19)
  • insurance(4)
  • disability insurance(4)
  • medical exam(3)
  • non-working spouse(2)
  • group life insurance(2)
  • beneficiaries(2)
  • term life insurance(2)
  • retirement(2)
  • healthy living(1)
  • food(1)
  • blood test(1)
  • 401k(1)
  • stay-at-home parent(1)
  • face amount(1)
  • coronavirus(1)
  • living benefits rider(1)
  • cheap life insurance(1)
  • risks(1)
  • health(1)
  • accelerated death benefits(1)
  • cholesterol(1)
  • family(1)
  • review(1)
  • fellowship(1)
  • green card(1)
  • residency(1)
  • empty nesters(1)
  • income protection(1)
  • individual life insurance(1)
  • investment planning(1)
  • nutrition(1)
  • whole life insurance(1)
  • trusts(1)
  • covid-19(1)
  • faqs(1)

View Mobile Version

Contact Us Today!
888-254-4640

Facebook LinkedIn Google Yelp
Logo
Quick Links
Home Our Products About Us
Refer A Friend Blog Contact Us
States Licensed In:
Arizona, California, Colorado, Connecticut, Florida, Georgia, Louisiana, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Washington DC/District of Columbia & Wisconsin
© Copyright. All rights reserved.
CA Lic#0414671
Powered by Insurance Website Builder