Does my health affect my Life Insurance Policy?
Debbie
Debbie,
Something important to understand about term life insurance rates is that they’re easily affected by multiple lifestyle habits that affect your health. One of the major things that insurance companies look for is the health of the individual. Depending on your health, and the things you do that affect your body, your rates may go up or down. Companies focus on health for good reason. They want their customers living long, prosperous lives. This benefits both parties. For the insured, the longer that you stay insured, the longer you can be protected by your policy. For the insurer, the longer the insured pays for insurance, the more money the company accumulates. With that being said, it becomes more obvious as to why health plays a part in insurance rates.
Interesting Question.