Hobbies That make your Life Insurer Squeamish

Things like smoking or having a high risk job will affect your life insurance policy – namely the premiums will be higher in relation to the risk you take. Most people, however, do not think of their hobbies when they take out a policy. What hobbies may make your Life Insurer squeamish? Some activities that you perform as a hobby in your spare time will make your insurance company very nervous. An obvious example;  having “skydiving” as a weekend hobby will affect your policy. It will cost you a lot more than someone who doesn’t go skydiving as you have a greater risk of being killed while enjoying this hobby.

Failure to inform your life insurance company of a potentially dangerous hobby could result in the company not paying out in the event of a death while partaking in that hobby,

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Does my job affect my life Insurance?

Life Insurance companies are in the business of making profits from the policies that they sell. This means that for each policy they issue they expect to receive more premiums than they agree to pay out. If they didn’t do this they would go out of business. Does my job affect my life Insurance? Read below to find out.

This means that they have to judge and assess your; evaluating how much risk there is of you dying an unnatural or early death. The greater risk of you dying an early death, then the higher the premium.

This risk is based on a set of industry wide statistics used by most life insurance companies.

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Online Life Insurance Broker

Life insurance is a difficult subject; it is a decision we all have to make, and a thing we all should have. It could be a simple policy that will pay out when we die ensuring our families are not overly burdened. Or it could be an investment for our retirement. The industry is full of difficult language, clauses, contracts, exceptions and fees. It is a minefield waiting to catch the unwary, and one that some people dread to walk upon. Online Life Insurance Broker makes things more secure, quicker, more conveniently and less expensively.

Insurance Broker

That’s why we have insurance brokers! They are here to make the minefield seems a little less perilous and safer to walk through.

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