Contact Us: (425) 681-0996
Insurance Agency Network
  • About
    • About Insurance Agency Network
    • The IAN Story
    • New Associates
  • Why IAN
    • Why Insurance Agency Network
    • New Associate Form
    • Become an IAN Associate
    • Join Our Team Today
  • Meet The Team
    • Bios
  • Find an Agency
  • Carriers
    • Commercial Insurance
    • Personal Insurance
    • Farm Insurance
    • Flood and Earthquake
    • Bonding and Surety
    • Workers Compensation
    • Life/Disability Insurance
    • Health/Dental/Vision
    • Specialty Insurance
    • General Agents/Surplus Lines
  • Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Condo Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Farm Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Group Benefits
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Vision Insurance
    • Other >
      • Event Insurance
      • Pet Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • Associates
    • Refer an Agent
    • Blog
    • News
    • Newsletter Signup
    • Agent Testimonials
    • Find an Expert
    • Accessibility Statement
  • Vendors/Services
  • Access Online Documents
  • Contact
    • Communication Preferences
  • About
    • About Insurance Agency Network
    • The IAN Story
    • New Associates
  • Why IAN
    • Why Insurance Agency Network
    • New Associate Form
    • Become an IAN Associate
    • Join Our Team Today
  • Meet The Team
    • Bios
  • Find an Agency
  • Carriers
    • Commercial Insurance
    • Personal Insurance
    • Farm Insurance
    • Flood and Earthquake
    • Bonding and Surety
    • Workers Compensation
    • Life/Disability Insurance
    • Health/Dental/Vision
    • Specialty Insurance
    • General Agents/Surplus Lines
  • Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Condo Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Farm Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Group Benefits
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Vision Insurance
    • Other >
      • Event Insurance
      • Pet Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • Associates
    • Refer an Agent
    • Blog
    • News
    • Newsletter Signup
    • Agent Testimonials
    • Find an Expert
    • Accessibility Statement
  • Vendors/Services
  • Access Online Documents
  • Contact
    • Communication Preferences

INSURANCE AGENCY NETWORK Blog

3 Common Reasons People Pay More For Their Life Insurance

8/31/2017

0 Comments

 
Picture
People with dangerous jobs, people who survived cancer and those guilty of drunken driving charges, all have something in common – they might need to pay more for life insurance. The age, vices and health status affect the rates they get from insurance companies: the risk of dying can incur an extra charge on premiums. The length of these “imposed charges” can be permanent or temporary depending on your insurer.
To give you an idea, here are some common reasons that can raise your life insurance policy.

Cancer Survivors

According to studies by the National Cancer institute, at least 40% of the world population will be diagnosed with cancer at a point in their life. This is why insurance companies lately started selling policies to cancer survivors. The premium will depend on the diagnosis, the treatment and how long you’ve been a survivor.

There are different terms and conditions depending on the insurer that you choose. For example, you may have to wait five years before buying a life insurance policy to comply to an insurer’s T&C. Generally, cancer survivors are charged extra by insurance companies for being in the high-risk category. The duration and amount of this charge varies depending on the insurer.

Having Dangerous Hobbies

According to statistics, people who engage in dangerous sports also have a higher chance of getting into fatal accidents. This is why people with dangerous hobbies are charged extra for their life insurance. These hobbies also include mountain climbing, skydiving, car racing and many more.

There are different charges for different hobby, but essentially, the more your practice safety, the lower your extra charge is. For example, if you join safety seminars, you might avail of a discount. The smartest thing to do is to schedule an appointment with an insurance agent to know more about the specific charges.

A History of Drunken Driving

If you were convicted with drunken driving, you are expected to pay extra for your life insurance policy. This can be temporary depending on the number of years it has been since you were convicted, however, it can also be permanent depending on your circumstances. The reason behind these charges is due to high-risk of untimely death. In fact, studies say that drivers convicted of 2 or more DUI’s are more likely to get into a road accident.

Having higher rates for your life insurance policy is not an excuse to skip it. You just need to find a good insurance company to take care of everything for you. At Insurance of the West, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (425) 681-0996. Get your free quote today by CLICKING HERE.

​
0 Comments



Leave a Reply.

    Contact Us

    (425) 681-0996
    8195 166th Ave Ne, #201
    Redmond, WA 98052
    Click Here to Email Us

    Archives

    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    June 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    FAQs
    Farm Insurance
    Financial
    Flood Insurance
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Motorcycle Insurance
    Safety
    Travel Insurance

    RSS Feed

Navigation

Homepage
Why IAN
Meet the Team
Find An Agency
Insurance Carriers
Insurance Products
Vendors
Contact Us 
Accessibility Statement
Agent Login

Connect With Us

Share This Page

Contact Us

Insurance Agency Network
8195 166th Ave Ne, #201
Redmond, WA 98052
(425) 681-0996
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash