The Insurer And Insurance Rates Are Key Factors While Deciding About Life Insurance

Written By: Iftikhar Tirmizi on October 1, 2010 No Comment

Many Insurers may be having clear point about to the basics of term life insurance and whole life insurance and may be aware of the many factors that come into play when their term or whole life insurance rates are determined in insurance. In insurance different companies have different levels of “risk factors” for their customers, but the basics still stand but there are many things that are factored into their insurance rates that they not be aware with these. Smokers and non-smokers is an important factor of insurance, which determine the whole or term life insurance rate. Health is Preferred and Standard insurance categories and insurance companies consider is blood pressure, height and weight, and hereditary risks, which affect the insurance holder’s health and longevity that are very important in insurance rate.

The insurer must have an excellent bill of health to be placed in this category of insurance. Stipulation an insurer is placed in the preferred or preferred plus category they are going to pay less for health insurance. No health problems such as high blood pressure, cholesterol or weight. They must also be a non-smoker as well as not have a risky job or have any hobbies that cause the insurer to risk their life.

The standard category is based on someone with higher blood pressure and cholesterol of whole or term life insurance. There is however a difference between a non-smoker and a smoker that quit smoking now and then a non-smoker that quit can be categorized as a non-smoker, but it all depends on when they give up smoking. This is because the risk may still be there if they quit recently, also the risk of starting cigarettes again is likely. Also they have a risky family history where they are susceptible to hereditary diseases, however, are non-smokers.

The highest risk is the last category for the smokers and people. There are also other categories that are considered, such as the insurer’s alcohol intake and abuse. If the insurer has a DUI or a reckless driving citation in their history they may have to pay more for whole or term life insurance. There are light smokers, which may sometimes fall into the standard or even preferred categories if they are light smoker, or smoke less than a pack a day and have good health. Also their driving history is a major factor.

The entire life and health history of the insurer is dissected, and they may have to pay more if they travel to dangerous countries, work a risky job, or have dangerous hobbies such as rock climbing, racing, or other such hobbies. Term or whole life insurance is a great investment, and everyone can get insured, however, their health and lifestyle are very important.

Iftikhar Tirmizi is a professional writer having a large number of articles published on various well reputed internet sites. Check out for his writing about latest trends in Whole Life Insurance and Term Life Insurance