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Factors That Can Affect Your Life Insurance Premiums

Life Insurance

Life insurance premiums are based on several factors, including your gender and marital status. If you have children or other dependents, this will also affect how much you pay for life insurance. The same is true if you smoke or have a poor driving record (DUI charges). Other factors can impact the cost of your premiums as well, such as income or employment history. You can apply through an online life insurance company too.


A major factor that can affect your life insurance premiums is gender. The difference in the cost of life insurance for males and females is largely due to their average life expectancies. Men have a higher risk of dying early, meaning they have to pay much more to get the same amount of coverage as women.

Marital status

The marital status you choose will play a factor in how much you have to pay for your life insurance policy. For example, single people often pay more than married couples, and divorced individuals can expect to pay even more.

Children or dependents

If you have children or dependents, their health status can affect your life insurance premiums. This is because they are more likely to be sick and need medical attention. In addition, if you plan on passing down some of your wealth to them in the future, consider getting a policy that covers them until they reach adulthood to protect that inheritance.

Health, including medical conditions and family medical history

Another way to reduce your premiums is to maintain a healthy lifestyle. This includes eating a balanced diet and keeping fit through regular exercise. You may also want to consider what health issues might affect your life insurance premium, including family medical history, existing conditions such as diabetes or high blood pressure, and lifestyle factors like smoking or alcohol use.

Insurance provider experts like Ethos say, “In just ten minutes, you could qualify for a policy that could protect your family for decades.”

Income and employment history

Income and employment history can affect your life insurance premiums. If you are self-employed, you will likely pay more for life insurance than if you were employed by someone else. This is because individuals with a long history of steady employment have fewer issues with their health and lifestyle choices.

However, this doesn’t mean that everyone who has a steady job should automatically get lower premiums than someone who works on their own or has recently changed jobs. The type of work that you do may also matter in getting better rates; people who work in fields like mining or construction tend to be considered riskier because they are exposed to higher levels of risk on the job (such as accidents).

Smoking habits

Life insurance premiums are determined, in part, by your health. Smoking is a risk factor for life insurance and can lead to higher premiums. So, for example, some life insurance companies won’t cover smokers at all. If you smoke and want coverage from one of these companies, expect to pay more than if you didn’t smoke.

If you want to get the most accurate life insurance premium quotes, it’s important that you fill out your application correctly and completely. Also, remember that different companies will have different standards for what they consider “low-risk” applicants.