There is no set answer to this question yet it is the question we are asked the most frequently. There are many factors which actuaries rely upon to ascertain the premiums of these insurance policies.
In no particular order, these include your –
- Occupation
- Weight
- Age
- Current health
- Health history
- Smoking and drinking habits
- Hobbies
- Family medical history
- Gender
- The cover sought
Individually, these all play a role in piecing together the level of risk you present. However, many of these are in your control so you can directly influence the premiums you pay by taking action. We gather the information during a consultation and forward it to the insurer and they respond with a quote.
Call to learn how Advisory Partners can help with your personal insurance premiums.
General Advice Disclaimer: This website contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
