(800) 952-4953 | (352) 726-1691 ☰ ˟
Client Access Request A Quote
The Hagar Group
(800) 952-4953 |
(352) 726-1691
  • Home
  • Coverage
    • Auto
    • Auto Liability
    • Business
    • Condominium
    • Financial Services
    • High Value Home
    • Homeowners
    • Life & Health
    • Recreational
  • Get A Quote
    • Auto
    • Homeowners
    • Business
    • Condo
    • Life
    • Health
    • Recreational Vehicle
  • Resources
    • Refer a Friend
    • Make a Payment
    • Our Carriers
    • Insurance Glossary
  • Blog
  • About Us
    • About Us
    • Careers
    • Our Achievements
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact Us
  • Areas We Serve
    • Auto Insurance - Crystal River, FL
    • Auto Insurance - Ocala, FL
    • Auto Insurance - The Village, FL
    • Auto Insurance - Wildwood, FL
    • Auto Insurance - Inverness, FL
Automobile Homeowners Business Life & Health RV Financial Services
Home > Blog > Important Risk Factors to Consider When Buying Life Insurance
FRIDAY, JUNE 18, 2021

Important Risk Factors to Consider When Buying Life Insurance

Buying life insurance is a very sensitive process for more people. After all, you are picking out a benefit that you want to pay your loved ones in the event of your death, whenever that might be. You want to make your policy work for you, but you also want to keep it affordable. 
Life insurance papers
Still, the fact of the matter is that life insurers will take a deep dive into your personal life to determine exactly what type of risk they will take by investing in you. That’s why many different parts of your life might be open to scrutiny, and if one of these indicates a high life insurance risk, then your ability to obtain an affordable benefit might become harder. 

Keep these common risk factors in mind when searching for life insurance, and be sure to work with your agent to learn how you can get optimized coverage nonetheless. 

Age 

The older you get, the more likely you are to pass away. That’s just a fact of life. As a result, the later you wait to buy life insurance, the more you are likely to pay for your plan, and your application for certain plans might be denied altogether. Most people should make the investment in life insurance as early as you can. Often, investing before the age of 30 is the optimal timeframe. 

Pre-Existing Conditions 

If you have a history of medical problems, be they curable or chronic, then you will face a higher-than-average risk of death, which to your life insurer could represent a challenge. Sometimes, you will not be able to apply for certain policies, or you might pay a higher premium for the coverage you wind up buying. However, your insurer is happy to work with you to still find the optimized plan despite this limitation. 

Occupation 

Your job is a factor that can influence your life insurance eligibility. After all, if you work in a field where you put your life on the line every day, then there’s a much higher chance of your life insurer suddenly having to pay out your death benefit. It is important to be honest about your occupation with your insurer, so that there are never any questions about whether your plan is truly optimized for you. 

Tobacco Use History 

Using tobacco of any kind is detrimental to your health, and to life insurers it represents a risk. That’s why smokers are often ineligible for certain plans, but it is not impossible to get life insurance just because you smoke. Still, it always helps to quit, not just because of your insurance eligibility, but because it’s an asset to your overall health in general. 

With the help of our agents, you’ll be able to create customized life insurance benefits. The best thing you can do for yourself during this process is to be honest, flexible and thoughtful. 

Posted 6:58 PM

Tags: life insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • flood insurance(6)
  • life insurance(4)
  • home insurance(4)
  • health insurance(4)
  • recreational vehicle insurance(4)
  • bop insurance(4)
  • auto insurance(4)
  • rv insurance(3)
  • homeowners insurance(2)
  • car insurance(2)
  • business insurance(2)
  • business owners policy(2)
  • whole life insurance(1)
  • inland marine(1)
  • term life insurance(1)
  • tropical storm elsa(1)
  • covid 19(1)
  • hagar group(1)
  • property insurance(1)
  • update(1)
  • universal life insurance(1)

View Mobile Version
Facebook
Twitter
Google+
Get Directions
Contact Us Today
Speak To An Agent
Resources
Products
Customer Service
Payment Options
Report a Claim
Client Access
About Us
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 151 E. Highland Blvd., Ste. 171
Inverness, FL 34452

P: (352) 726-1691
F: (352) 726-2363
E: info@thehagargroup.com
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.