things you need to know about life insurance

A part from the types of life insurance policies, you need to know that the cost of life insurance will depend on the type of policy, your age, your health, and many other factors at the time the policy is issued. For example, if you choose the Term Life Insurance policy, the term-life-quote that you get will depend on a number of factors. When you apply for a policy, the life insurance company will examine a number of factors based on its underwriting standards and guidelines. These factors include but do not limit to:

• Your current health and physical condition.
• Your medical history.
• Your medical history.
• Personal habits (including tobacco use and a history of alcohol or drug abuse).
• Your age. (A 50-year-old applicant will pay a higher rate than a 30-year-old).
• Etc.