Statistically, women live longer than men, so their premiums may be lower.
Chronic illnesses, ongoing medical conditions and overall health can increase the cost of insurance.
Inherited diseases and early mortality in the family can raise risk and increase insurance premiums.
Working in hazardous conditions or engaging in high-risk activities can significantly add to the cost of insurance.
Extreme sports or dangerous hobbies also influence the size of insurance premiums.
Smoking raises the risk of developing diseases significantly and shortens life expectancy, which leads to increased insurance costs.
A high or low body mass index may indicate potential health problems.
Long-term policies typically have higher premiums due to the increased risk over a long period of time.
The larger the desired insurance benefit amount, the higher the insurance premium will be.
These factors allow insurance companies to assess risks and set an adequate price for life insurance for each client individually.
Source: https://www.forbes.com/advisor/life-insurance/factors-affecting-rates/
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