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If you have applied for life insurance recently or even have started to shop around looking for the best rates on insurance, you probably have noticed that some questions about your health history were asked. While insurance companies used to make anyone applying for a new policy undergo a full medical examination, in the interest of convenience they have now boiled down all of their risk factors into a handy life insurance rates chart. Understanding these medical factors and risks that the insurance companies look at is a good way of managing your premium, and finding a rate that works for you.
To begin with, some variables that will be included on a life insurance rates chart include age, gender, height, weight, blood pressure, and cholesterol levels.These are all thought to be quick indicators of a person’s health. Other risk factors are then weighed into this basic profile, including your intake of nicotine and alcohol, personal driving record, history of disease or hospitalization, and family history of disease. Finally, lifestyle factors including a person’s occupation and region of residence will also be looked at. The chart is a way for the company to categorize people, in order to come up with the most universal rates.