Life insurance

There are a few things that can affect how much life insurance costs.

These typically include:

• Your age
• Lifestyle
• Weight
• Medical history
• Amount of cover
• Policy length
• Occupation

Your age with the older you are, the more you’re likely to pay

Lifestyle choices such as drinking, smoking, including vaping and use of nicotine replacements, and other risky behaviours, can all edge up your premiums

Weight so if you’re very overweight, your likelihood of developing an obesity-related illness increases, and so does your premium cost

Medical history and pre-existing conditions like asthma, or a family history of certain diseases, could also see you paying more

Amount of cover you want. Typically, the higher the pay-out you’re looking for, the higher your premiums are likely to be. See our guide for advice on how much life insurance cover you need, or use our life insurance calculator to work out exactly how much cover you need

Policy length can also affect your life insurance policy price because the longer you want the term to be, the more you’re likely to pay out in premiums

Occupation as if you’re a fireman or an oil rig worker, or have another high-risk job, your premiums will probably be higher than those with low-risk jobs, such as an office worker or milk man

Take a look at how your life insurance premiums are calculated and what that means for you.