When it comes to having a financial safety net for you and your loved ones, life insurance can fit the bill. Securing coverage involves looking at several aspects of your life, and they all affect the premium you’ll have to pay. Here are some common factors that insurance providers take into consideration when determining rates.

What Factors Affect Your Life Insurance Rate?

1. Occupation

The type of work you do may have an impact on your physical and mental health. For instance, police officers and firefighters face dangerous situations on a daily basis. Commercial airline pilots, oil rig workers, and surgeons might encounter more stress that can take a toll on their well-being. Life insurance agents assess how different occupations can drive what you pay for coverage.

2. Drinking & Smoking

Most insurance carriers also want to know if you’re a heavy smoker or drinker. These activities can also increase your life insurance rates because excessive usage can trigger health problems later. To get lower rates, consider quitting smoking and heavy drinking.

3. Weight

Carrying extra body weight can bring on a host of physical problems. From diabetes and high blood pressure to the risk of heart disease, your health can suffer in the long term. Maintaining an ideal body weight for your height and gender is one of the best ways to lower your life insurance rates. Strive to eat healthy and engage in routine exercise to stay active and stave off illnesses.

4. Hobbies

Even certain hobbies, such as skydiving or car racing, are looked at by life insurance providers. Some pastimes are likely to put you more at risk for injuries and even death. While you can enjoy your hobbies, keep in mind that they may have an impact on what you pay for coverage.

Stautberg Financial Group in Cincinnati, OH, can help you make the right choice for a life insurance policy. The friendly and experienced agents at the family-owned agency never take a cookie-cutter approach with their clients. Your needs and preferences will be the driving points of the type of coverage you want. Schedule a no-obligation consultation and get an insurance quote by calling (513) 821-6300 or visiting them online.