Hyde Insurance Group Blog
There are a lot of things that can impact your life insurance premiums. Your age, the type of policy you're looking for, and how much coverage you need to affect the price. But other factors can increase these rates.
For example, risky behaviors. Smoking is one of the most common ways to increase your life insurance premiums. In addition to smoking, here are some other dangerous activities that may make your life insurance more expensive.
One of the biggest downsides of smoking is the chance of lung cancer. But there is also the increased risk of heart disease. Smoking can also lead to emphysema. Because of this, some carriers are going to charge you more for a policy if you smoke. If you decide to quit smoking, you can use the Quit Plan, reducing the life insurance you pay each month.
In addition to smoking, drug use also increases your risk of having a heart attack and can contribute to increasing your risk of early death. Getting high is one of the riskiest things you can do in life, which is why insurance companies charge more to insure someone who uses drugs.
Alcohol use is a leading cause of accidental death and injuries. That's why many life insurance companies ban their customers from using alcohol or have severe restrictions in place. You'll have to pay more for life insurance if you drink. Alcohol increases your risk of having a heart attack and can increase your risk of early death.
Sports and Activities
Playing sports and activities are common ways for people to stay active. They burn calories, build muscle, and may also improve your mood and general well-being. But if you like sports and activities, you’re possibly more likely to take up risky hobbies and activities as well.
Ways To Reduce Your Premium
Life insurance, health insurance, annuities, and retirement income products are the most costly for consumers. As a result, some people opt to reduce their life insurance premiums by making lifestyle changes. It may also help get a second opinion on your medical history to see if you can reduce your premiums.
At Hyde Insurance Group, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 345-1215. Get your free quote today by CLICKING HERE.