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A Short Guide To Life Insurance

By Mark Walters

Long life insurance is, for the most part, inexpensive. Available terms can extend to 30 years,and there are many advantages to purchasing it. Sometimes, life insurance applicants are denied coverage, or are faced with inflated premiums, and do not understand why. However, there are usually several reasons why this might be the case. The following are a few of these potential.

Smoking – As it is common knowledge, smoking greatly increases a person’s risk of fatal diseases such as cancer, and thus smokers’ life expectancies are statistically shorter. Thus, smokers are a risk to the insurance company and as such, can often be denied coverage. If coverage is extended, the premium will more than likely be high as this risk is reflected in the coverage rates.

Overweight – Being overweight has its disadvantages and when it comes to life insurance it shows in the rates for the premiums. Since health conditions may occur in overweight people such as coronary disease or diabetes, this puts you at a higher risk category. If you fall in the category of being obese as based on the Body Mass Index, then you likely will not receive cheap insurance for term life.

Health Conditions – If you have already been diagnosed as having a health condition, you have an increased chance of dying. There are a lot of conditions that will result in a higher payment for life insurance. High blood pressure, depression, high cholesterol, diabetes, and asthma are among these conditions.

Danger Seeker – There are many ways to entertain yourself, there is a chance that if you scuba dive, fly, or skydive you increase the risk to injury or death. While it is certainly great to have a hobby or job that you enjoy, the amount you pay for life insurance is not going to be cheap. In fact if you participate in skydiving frequently or even occasionally, this may not be covered in the policy. Military service people also experience disqualification for insurance when they may be in the combat zone.

Falsification – When a policyholder passes away, their insurance company may require an autopsy be performed to pinpoint the exact cause of death. If the death was due to some illness or habit that was not disclosed on the application, that would prevent the insured’s dependents from receiving any of the benefits of the policy.

Remember your loved ones when you pass on and buy life insurance that will cover any situation that may happen. Death can come at any time and being prepared is the first step to leaving enough behind for your family in the event of it. The loss of income on a family can be devastating and result in many changes to their established way of life.

Buying insurance for your life is simple when you contact a local insurance agent. They will be able go explain the policy details and help when deciding how much coverage is needed for your family. Agencies can offer different quotes from the major insurance companies at one time, allowing you to receive the most affordable rate for the service. Call today to schedule a time to meet with an agent to be covered for life.

Find Out More : Life Insurance Or Life Insurance Information at http://www.henryinsurance.com

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Article Citation
MLA Style Citation:
Walters, Mark "A Short Guide To Life Insurance." A Short Guide To Life Insurance. 22 Aug. 2010. uberarticles.com. 9 Apr 2015 <http://uberarticles.com/finance/a-short-guide-to-life-insurance/>.

APA Style Citation:
Walters, M (2010, August 22). A Short Guide To Life Insurance. Retrieved April 9, 2015, from http://uberarticles.com/finance/a-short-guide-to-life-insurance/

Chicago Style Citation:
Walters, Mark "A Short Guide To Life Insurance" uberarticles.com. http://uberarticles.com/finance/a-short-guide-to-life-insurance/


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