Comments on: Top 5 Non-medical Factors That Affect Your Life Insurance Rates

By: Non-medical

Non-medical — Tue, 28 Mar 2017 08:39:20 +0000

In reply to Lyndsay. I guess you're right. But I wonder if people involved in some risky activity could get a life insurance without medical exam? Is that an option for them? I know that usually it's the people with serious illnesses or seniors who use this kind of service. But, I mean, if those companies are willing to sell an insurance to abovementioned people without a question, would that work with totally heallthy but hot-headed people?

By: Marc Lewandowski

Marc Lewandowski — Fri, 05 Jun 2015 20:07:11 +0000

Great Post Jeff! What most people don’t realize is that getting life insurance can be much easier if you work with an agent who is used to high risk individuals and no exam life insurance policies. Many times the high risk occupation people can get really good rates this way.

By: Edward

Edward — Fri, 03 Oct 2014 05:06:05 +0000

Another non-medical factor, is of course the amount of in-force coverage you have. An unusually-high amount coupled with unverifiable income and/or assets could set off some red flags.

And somewhat related would be a situation where you have applied for numerous plans with different carriers within the last 30 days. Unless there’s a good reason, it typically is not viewed in a positive way.

By: Daniel Johnson

Daniel Johnson — Tue, 09 Jul 2013 16:35:36 +0000

Great points Jeff. The fact of the matter is, offering life insurance to someone with a high risk lifestyle for the same rate as a low risk client isn’t fair to the low risk client; they’re much less likely to make a claim. Understanding the process and reasoning behind the generation of rates is essential for understanding what constitutes “fair.”

By: Jammy

Jammy — Tue, 09 Jul 2013 13:20:19 +0000

It is true that you should not hide any details from your life insurance company. This helps you in claiming your money in future.

By: Lyndsay

Lyndsay — Mon, 24 Jun 2013 17:42:21 +0000

Life advisors aren’t just underwriting your health, but your everything you do. It can be hard for people to keep that in mind, or think that a hobby like rock climbing, which can sound pretty tame, would impact their life insurance rates.

By: KC @ genxfinance

KC @ genxfinance — Thu, 20 Jun 2013 14:20:33 +0000

In reply to Mike. I agree. It's too risky, not just with the life insurance but also with your life. Never drink and drive because you never know when will an accident will happen.

By: Mike

Mike — Wed, 19 Jun 2013 21:35:06 +0000

Yet another reason to NOT drink and drive! Great article.

By: Mike@WeOnlyDoThisOnce

Mike@WeOnlyDoThisOnce — Wed, 19 Jun 2013 20:10:31 +0000

Interested to see how the implementation of the Affordable Care Act will change some of these issues.