1. How is my term life insurance rate determined?

    Couple Researching Term Life InsuranceMany factors play a role in the calculation of term life insurance premium rates. In general, rates are based on the amount of coverage selected and the probability of the policyholder living until the policy expires. The more likely you are to be alive at the policy’s expiration, the lower your term life insurance rate can be. However, if you have certain health or lifestyle characteristics that the insurance company views as risky, your rate may be higher.

  2. Can I get Life Insurance Coverage Without a Physical?

    Woman Getting A PhysicalYour current physical condition is one of the most important factors that life insurance companies consider when determining whether to approve you for a policy. For example, if you are a smoker or have been diagnosed with heart disease or have a chronic illness, you may have a more challenging time getting life insurance coverage than someone who has a better bill of health. Most life insurance companies require applicants to pass a medical exam before they will approve a policy, but not necessarily for all types of policies.