Factors that can affect your life insurance premium

occupation is also is taken into consideration – the more at risk you are, the higher the premium. Whether or not you are a smoker and the general state of your overall health will also play a deciding factor.

How much you will pay will also depend on the amount of cover you wish to take out and the type of policy you have chosen. Along with this you will be asked questions regarding your lifestyle. Obviously, if your favourite weekend activity is sky diving or a similar high risk sport, then you will be classed as a higher risk and the costlier the cover will be.

Always make sure you know what you are covered for and what you aren’t covered for. Check out the exclusions which will usually be found in the small print and definitely take the time to look a policy over.

About the Author

David Thomson is Chief Executive of BestDealInsurance.co.uk, a specialist insurance website dedicated to putting their customers and their needs first. Not only do they ensure that their customers get the best deal when buying life insurance, critical illness and income protection cover, but that they actually understand in full the terms and conditions of the product that they are buying.