Why Your Life Insurance Premium is so High

Taking a look at your life insurance premium, you may feel that it is too expensive. Do you know why? What are some of the considerations that can escalate your premium?  Here are some of the reasons that may be applicable in your case.  

Excessive weight

Studies conducted by the American Medical Association show that persons with excessive weight are linked to a number of medical conditions. These include high cholesterol and high blood pressure, for example, which may be a precursor to heart attacks and stroke. To counteract the higher premiums you have to pay because you’re overweight, strive to lose those extra pounds. It will take discipline and a conscious effort, but it will pay off in reduced premiums and a healthier body.


Cigarette smokers pay a higher life insurance premium than do nonsmokers. Research shows that male smokers who smoke on a regular basis may lose about 14 years of their life.  Women regular smokers, according to the research, may lose about 13 years of life.  You may only smoke one or two cigarettes a day, but insurers will lump you in with the smoking group that has a 20-per day habit. Even if you smoke a cigar, you’re your blood shows certain levels of nicotine, you may be considered a smoker by your insurer. Ditto those who wear nicotine patches. All of this means higher premiums, as much as 56% higher than nonsmoking individuals. How do you get around this? Stop smoking. After one year, you could qualify for a nonsmoker’s rate. After two years have passed, you may be able to get the preferred nonsmoker's premium.


The age you are when you apply for insurance will affect your life insurance premium. Older individuals can expect to pay more for coverage than younger persons. You’re not as good of a risk to an insurer if you’re 60 years old, when compared to an individual in their 20s. A good tip is to lock in your premium for term life insurance, for example, when you’re young enough to qualify for the best rates.

Medical Conditions

Pre-existing medical conditions or medical history can also jack up your life insurance premium. It’s a simple business basic: people with certain conditions, such as cancer, are more expensive to insure because of the likelihood or probability that they will require more diagnostics, tests, treatment, medication and other expenses as a result of their state of health.

Family History

You may be in perfect health, but your family history shows heart disease, cancer, diabetes, hypertension, alcoholism – or dozens of other conditions, even being overweight. To an insurer, this means you are a greater risk because you may inherit or acquire the same medical disease or condition.

Lifestyle Considerations

If you engage in skydiving, are a peace officer, take part in dangerous or extreme hobbies, ride in equestrian events – these lifestyle activities can increase your life insurance premium by a considerable amount. But not every insurer categorizes all sports and activities the same way, so it’s wise to shop around to determine whether a horseback ride at your local stable counts as a high-risk lifestyle.

Type of Coverage and Other Factors

Your life insurance premium also depends on the type of coverage you want, amount of your deductible, coverage limits and exclusions – even varying between companies. Since the types of coverage may differ between companies that you may be considering vs. what you currently have, it pays to do a point-by-point comparison. In addition, some life insurance companies price their products more competitively than others.  You may benefit from using an independent agent to help you shop the best deal – and reduce those higher-priced premiums.

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