How Your Lifestyle Affects Your Life Insurance

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Understanding life insurance classifications.

When you apply for life insurance, your provider will weigh your personal factors and assign you a rate classification. These classifications are an indicator of your risk level, and will determine how much you pay for your coverage. Naturally, people want to know what they can do to enter a lower rate classification.

Here are some of the things that you should consider.

  • Smoking

Smoking is one of the worst habits that a person can have. Regardless if you are an occasional smoker or a pack-a-day kind of person, smokers are always going to be in a higher rate classification than non-smokers. In fact, smokers often pay up to 200% more for life insurance than non-smokers. If you want to be eligible for a lower rate classification, then it’s in your best interest to curb this nasty habit.

  • Weight

Your weight also plays a major role in how life insurance companies evaluate your risk. This is because overweight individuals are more prone to serious health consequences. Naturally, if you are overweight or obese, then you will be placed in a higher rate classification than someone who is at a healthy weight.  Changing your lifestyle to lose weight and keep it off is a great way to lower your life insurance costs. After maintaining your weight loss for a year, ask your life insurer for a reevaluation, and you will likely drop down a few rate classifications.

  • Dangerous Activities

If you work in a dangerous industry (such as construction), or if your hobbies include extreme sports, then you should expect to pay more for your life insurance.  This is because your typical activities place you at greater risk of death. However, if your switch professions or transition into safer hobbies, then your insurance provider may be willing to reevaluate your risk.

These are some of the factors that affect your life insurance rate classification and what you can do to improve your rating. Do you have more questions about your life insurance? If so, then contact the experts at Udell Family Insurance. We are ready to assist you with all your coverage needs today.


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