There are many different types of Life insurance terms and policies available to you and we understand how it can be difficult to understand or even take in so many policy choices at once. We here at Insurance Perks want to make sure you get the best policy available at an affordable price point for you and your family.
You can buy life insurance from an insurance company, agent, or broker. Brokers sell insurance for multiple companies.
Insurance companies use a process called underwriting to decide whether to sell you a policy. This often includes passing a medical exam and answering questions about your health, job, and habits. A company can refuse to sell you a policy if it considers you a high risk because of your health or other reasons.
The cost depends on your age, health, and risk factors. They’re usually lower for younger people. A company can charge you more if you have health conditions, smoke, or have risky hobbies like skydiving or rock climbing.
Your premium will also depend on other things, including the amount of coverage and policy features you choose.
For group policies, risk is based on the whole group, not on one person.
If you have any more questions or need a quote from us please email us or give us a call
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