9. Price Impacts of Different Factors
The table below outlines potential price impacts from different factors. Different insurance carriers may treat factors differently, so use this only as a general guide
| Factor | Potential Rate Increase |
|---|---|
| Health History | 0-400%* |
| Family Health History | 0-400%* |
| Outstanding Test/Issue | Postponed Application |
| Physical Build | 0-250%* |
| Driving History | 0-50% |
| Drinking Habit | 0-50%* |
| Smoking Habit | 50-200% |
| Hazardous Hobby | Exclusion† |
* In some situations, insurer may decline to offer coverage.
† No payout if death were to occur due to excluded condition or activity
Gender Impact
Gender also impacts the price of insurance. Life insurance for women is about 25% cheaper! This is because men statistically have a greater chance of dying, at every age. (Interestingly, the opposite trend is true for disability insurance as women claim more disabilities, statistically).
Specific Questions?
Do you have a specific question about ratings, price differences, or a concern over insurability? You can email us directly.