1.
Factors that Affect
Life Insurance
Quotes

2.
Table of contents
 Factors that Affect Life Insurance Quotes
 Age
 Gender
 Health
 Hobbies and Occupation
 Smoking Status
 Tips on how to save on Life Insurance
 Buy Insurance Early
 Avoid Unhealthy Lifestyle
 Choose the Right Type of Insurance
 Compare Prices

3.
Factors that Affect Life Insurance
Quotes
Life insurance is also known as life assurance and is
used to protect the family's financial security if you
die. Getting life insurance is one of the wisest things
you can do. Having a life insurance shows how much
you care for your loved ones, and it guarantees you
that your dependents will be well catered for when
you die.

4.
Most people find it hard to talk about this topic. We
tried to talk to several people about it, and we were
shocked many don't have an idea of what this policy
entails. Some know but are scared that it might be
expensive.

5.
Its true insurance matters seem to be a bit
complicated, but with the right information, you
won't find it hard. Most insurance companies require
you to give them monthly premiums, and ion return,
they promise to take care of your family needs after
your death.
Several factors determine the life insurance quotes in
Canada. These are:

6.
Age
Age is a very important factor when it comes to your
life insurance premiums. Insurance companies
maintain that older people have lower life
expectancy compared to older people, no matter how
healthy they seem to be. The premiums for older
people, therefore, are slightly higher than that of a
younger person.

7.
Gender
Gender might not seem to have any impact, but it
plays a big role in premium calculations. According to
most insurance companies, women tend to have a
longer life expectancy than their male counterparts.
Insurance premiums for women are, therefore,
slightly lower than that of men.

8.
Health
The second factor that affects the cost of life
insurance premiums is your health. If you develop
poor health, your premiums will get hiked. Insurance
companies also lookout for the following factors to
formulate premiums:
 Weight loss
 Smoking status
 Family medical history
 Past medical history

9.
If you're younger, then you're lucky. The insurance
company will only ask you to fill the questionnaire,
which mostly has medical questions. For older
people, the company might require them to undergo
medical tests and provide doctors medical reports to
calculate the premiums.

10.
Hobbies and Occupation
People who engage in dangerous hobbies, like
extreme sports, pay higher life insurance premiums.
The same also applies to those people who have high-
risk occupations like soldiers, miners, and drivers.
These people pay higher premiums because they are
more likely to die in the line of duty. Those who work
in less risky places pay lower premiums.

11.
Smoking Status
Smoking is status is a very important aspect
considered by insurance companies. If you’re a
smoker, be ready to higher premiums almost double
of normal premiums. All insurance companies will ask
you if you smoke. If you want to register as a non-
smoker, ensure that you stop smoking completely for
12 months and then reapply for a non-smoker.

12.
Tips on how to save on Life
Insurance
Life insurance is quite expensive in Canada. We
decided to come up with this additional information
on how you can save on life insurance.

13.
Buy Insurance Early
They say the earlier, the better. You can never go
wrong by getting life insurance at a younger age.
When young, your premiums will be low than when
you get older. The good thing is the premium will
remain the same until your contract is over and then
decide to renew. That's when the premium will
increase.

14.
Avoid Unhealthy Lifestyle
Avoid smoking at all costs. Take advantage of the
lower premiums by avoiding smoking and an
unhealthy lifestyle. Most Canadians smoke. These
smokers get to pay high premiums while it's
something that can be avoided.

15.
Choose the Right Type of
Insurance
There are two common life insurance types.
These are:
 Term life insurance
 Permanent life insurance
Term life insurance usually expires within a
given term such as 10 or 15 years, while
permanent life insurance is designed to protect
you in your whole life. Permanent life insurance
premiums do not increase while term life
insurance the premiums go high every time the
contract is renewed.

16.
Compare Prices
Before you take up life insurance, shop around to find
out if you'll get better prices. You might get the best
deals if you do your homework. There are numerous
insurance companies nowadays, so you can pick one
that matches your budget. Most insurance premiums
start with as low as $68 per month for those still
young and healthy. Some insurance companies
stopped to give life insurance to old people of
between 75-80 years old.

17.
Life is changing fast. Having life insurance will give
you confidence because you're saving. If you're still
finding it hard to choose an insurance company,
contact an Independent Insurance advisor to advise
you on what to do.

18.
Contact details
Life Insurance Direct
Address: 240 Viceroy Road Unit 15,
Vaughan ON, L4K 3N9
Mobile: 1-844-922-1392
Email: info@lifeinsurancedirect.ca
Website: https://lifeinsurancedirect.ca/