Life Insurance

Quick checklist - what determines the price of my policy?

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