Factors That Influence the Price Of Life Insurance In TN

There is a lot to consider when purchasing a life insurance policy, with cost being at the forefront of many people’s minds. The price of life insurance in Tennessee depends on several factors, including your age, your health, and your lifestyle.

That means that there is no one-size-fits-all answer to how much you will have to pay for your policy. The good news? Zander can help find you quotes from multiple companies, personalized to who you are, so you have a more accurate idea of what you’ll be paying before you invest time and money in a specific company.

*Here are a few things insurance companies look at to determine what you will pay:

Age

The number one factor that determines how much you will pay for life insurance in TN – or any other state, for that matter – is your age. That is why Dave Ramsey recommends buying a policy as soon as you can, so you can lock in those low rates when you are young and healthy.

Health

When determining the health class for which you will qualify, the insurance company will consider your cholesterol, blood pressure, height/weight ratio, and overall health history. Don’t be surprised if you are asked to complete a medical exam as a part of the application process. The exam typically lasts no more than 30 minutes and will help determine which health class you fall into. This exam is covered by the insurance company at no cost to you, and the medical examiner will even meet you at a location of your choosing.

Family History

Your family’s health history may also play a role in how much you pay for your policy. Cancer and heart disease run in most families, so don’t fret – you may still be able to find a policy within your budget. These factors are simply part of the equation that insurance companies use to determine your personal health risk.

Lifestyle & Occupation

Hobbies that hold higher than average risk for endangering you can cause your insurance premiums to go up. Which activities are included in the “high-risk” category vary from company to company, but may include skydiving, scuba diving, and mountain climbing. Similarly, your field of work may pose a higher risk if you are in a profession that exposes you to dangerous chemicals or injury.

Tobacco Use

Zander maintains an array of life insurance products that offer numerous options for tobacco users. However, you should note that this may drive up the cost of your premiums. The type and frequency at which you use tobacco products is considered by some companies, so you may still be able to access competitive rates. Our Guides are trained to know which companies offer the best rates for smokers and will give you options at the companies whose policies are best for you.

*This is not a comprehensive list of influencing factors. Individual rates may vary between carriers. Please call us or request a quote for pricing specific to your situation.