Insurance Service Rancho Cucamonga

Factors Affecting Life Insurance Premiums

Life Insurance is one way you can protect your family and dependants against sudden loss of income. All you need to do is pay your premium in time, which Rais Insurance Services, INC, will remind you of. However, you need to know the factors companies use to determine the premium you have to pay:

  • Age: As you age, they are likely to ask you for a higher premium.
  • Gender: According to the Life expectancy ration in the US, women tend to life longer than men, hence, lower premium for them.
  • Health History: You are required to disclose your entire health history when purchasing life insurance. The healthier you are, lesser you have to pay.
  • Smoking: Health risks associated with smoking cannot be denied, making the premium for smokers high.

Plus, it is the type of policy that affects the premium. Rais Insurance Services, INC, will help you find the policy which fits in your budget whether it is Auto Insurance Rancho Cucamonga, Home Insurance Rancho Cucamonga, Health Insurance Rancho Cucamonga, Life Insurance Rancho Cucamonga, or Flood Insurance Rancho Cucamonga.