What impact does my age have on my premium?
Your age when you start the policy and your age when you are planned
to finish the policy are key factors in deciding your premium.
It is a fact that as you get older the risk of death inevitably
increases and the insurance company needs to assess how likely you are
to claim. Therefore, age is obviously an important element for the Insurance
Company in deciding on the level of risk that you represent.
The key factors affecting your premium are your age now
when you start the policy and your age when the policy finishes.
65 is the maximum age that you can insure up to if you are
buying online. Most Insurance Companies will offer to insure you up to
the age of 65 and a few will go up to 70. However, it does become much
more expensive over 65.
Although age is important, it is not the only factor that
influences the premium you pay. Factors such as your occupation, health
record, hobbies and whether you smoke also play an important part. And
of course, the level of cover you want also influences the premium price.
Other relevant questions…
Why is insurance
more expensive for smokers?
How does my medical
history affect things?
Is Life Insurance for me?
What else do I need to know about Life Insurance?
How do I get a Life Insurance Quote?
How do I choose the right policy for me?
What if I need cover to be arranged quickly?
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How are premiums calculated?
What if I have to make a claim?
Do I need Mortgage Life Insurance instead?
Should I consider Critical Illness cover?
What other sorts of Insurance should I think about?
How do I make a complaint?
What do I need to know about the law and Life Insurance?
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