How Your Premiums Are Determined

When you apply to Buy Term Life Insurance Online, you will see quotes that reflect your premium, or the cost of your policy. Learn more about how your premiums are calculated.

Controllable Factors That Influence Your Premiums

Several factors that are under your control will influence the premium you pay when you buy term life insurance online. These factors include:

• Smoking. Smokers pay a considerably higher premium when they buy term life insurance online. Most companies recommend you stop smoking a year before you apply to buy term life insurance online. If you already have life insurance but would like to lower your premiums, you can also stop smoking for a year and then contact your insurer to let them know.
• Weight. Being overweight or obese will cost you more in your life insurance premium. Because overweight people have a higher mortality rate, life insurance companies view such people as higher risk to insure. Before you buy term life insurance online, it might be a good idea to talk with your physician about a weight loss plan if you are obese. Similarly, if you have lost a substantial amount of weight recently and would like to lower your premiums, contact your insurer to let them know.
• Occupation. Dangerous occupations also increase your premium when you buy term life insurance online. Such occupations might include fire fighters, electricians, police officers, etc. Especially if you are getting married or about to start a family, you might consider switching to a less dangerous profession in the interest of your family and your life insurance premiums.

Factors Outside of Your Control

There are also factors that influence your premium that you can't do anything about, such as:

• Age
• Gender
• Family history of illnesses