Quick checklist - what determines the price of my policy?

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• Your state of health at the time of application and prior to going on risk
• The level of cover you require
• Whether the sum insured is set up to be level over the term of the policy or whether it increases or decreases
• Your age at the time your policy goes on risk
• Whether you smoke or have used tobacco or nicotine substitute products in the last 12 months
• Whether your policy is set up with guaranteed premiums or reviewable premiums
• With some companies, your occupation may be taken in to account
• If the policy is term insurance, the number of years it has to run
• Whether you have waiver of premium on the policy and if so your occupation
• Whether you engage in any hazardous sports
• Whether you travel outside the UK other than for holidays on a frequent basis and to which parts of the world
• Whether your parents died before the age of 65 from certain illnesses like cancer or stroke
• For level term insurance whether you have chosen a conversion option
  

Next: Establishing your own life insurance needs

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