How does term life insurance work?
You should first dеcidе how much of a dеath bеnеfit you would likе to givе your dеpеndеnts if you arе thinking about gеtting a tеrm lifе insurancе policy. Assess your family’s financial resources and any outstanding debts, like a mortgage, that you wish to settle. One consideration when calculating the number of insurance premiums is the size of the policy or the amount of the benefit. Take into account variables like
- Validity
- Age, gender and health
- medical exam
- profession
- Lifestyles and habits, including smoking and hobbies associated with increased risk
- driving history
- Medication
- Family history
You can generally expect to pay less for term life insurance if you are young and healthy.
