Seven factors guaranteed to affect life insurance premiums in NJ

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Life insurance is a great way to protect a family financially after a loss and because of this it is considered to be one of the best investments a consumer can make. While savings is important, it is also important to note that there are advantages to certain policies with different factors affecting different premiums.
Age:
The Number one determining factor in the price of life insurance policies in New Jersey is the age of the policy holder. A younger individual's policy will be considerably lower than that of an older customer, as the risk of health problems rises as we rise in age. The difference in price between that of a 25 year old, and that of a 60 year old, can be as much as three folds in cost.
Smoking:
This is the second biggest factor in determining life insurance premiums in New Jersey. Being a smoker presents a difficult risk for life insurance companies, as the liability to insure is higher: Their risks of being pre-determined to certain illnesses is guaranteed.
Gender:
Whether the policyholder is a man or a woman can change the price to premiums as well. Men are placed at much higher risks of cardiac events, due to stress on the body, whereas women are predisposed to living a longer average lifespan than men. As a result, life insurance for men is more expensive than for women.
Family Medical History:
Family medical histories may or MAY NOT play a part in determining the cost of a life insurance policy in New Jersey. Some providers will look at familial predispositions to illness and some will not.
Occupation:
A person's occupation can also determine the cost of their life insurance premiums. An insurance company will use their own risk rating criteria to determine the specific increase in cst for certain professions. Examples of dangerous professions are: Roofing, Aeronautics, transportation, and electrical work. These maygo on to show a much higher premium than say that of a grocery store cashier.
Lifestyle and Hobbies:
Lifestyle and the hobbies that someone indulges in are contributory factors in a life insurance policy. For instance, if the consumer chooses to reveal to their carrier that they skydive, scuba dive, or deep sea fish, the risk rating on the consumer increases and so will their premiums. The differences can be in thousands of dollars annually.

Foreign Travel:
Travelling to known safe countries will not result in an increase in insurance premiums. However, travelling to countries with known health crises, political strife, and dangerous conditions WILL affect life insurance rates. It's not just the single travel to these countries, but the frequency in which the travel is made. For example, an insurance company will see the liability in a consumer's actions to frequently travel to Libya, as opposed to travelling to Japan or France.