Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why do different people pay different levels of premium?

April 26, 2017different levels pay people Premium

0

Posted

Why do different people pay different levels of premium?

1 Answer

0

Posted

The amount you pay depends on the level of risk you provide to your lender. The price you pay for life insurance mainly depends on your age, health, lifestyle and occupation. So if you are older, have health problems and smoke, and happen to work in a dangerous environment, you will have to pay more for life insurance than someone who is younger, healthier, a non-smoker in a low risk occupation.