Wondering why some people get cheaper term life assurance quotes than others? If you are on a tight budget, but you are planning on buying insurance for yourself, then it helps to learn more about the different factors affecting your premium. Although some aspects may be beyond your control, specifically your age, you can still work towards getting a reasonable price for your insurance. Check out this guide to help you get a good deal for your term life insurance premium.

What is Your Current Occupation?

When looking for affordable term life assurance quotes, you should be aware that insurers consider the occupation of the client. Is your job fairly risky or relatively safe? If your occupation is on the riskier side such as a construction worker, race car driver or similar other jobs that entail more dangers, then the cost of insurance may be more expensive than what you expect it to be.

The main reason for this is the fact that insurers view these jobs as potential causes of accidental deaths, which means the policyholder may not be paying his or her premium longer. Thus, if you are given a high quote for the term life assurance policy, do not be surprised and take a look at your present occupation instead.

Do You Have Poor Health History?

Are you generally healthy, or do you spend more time at the hospital more than in any other places? In case you want cheaper term life assurance quotes, you may have to look further if you are suffering from a chronic ailment or congenital disease. The same holds true if your family has a history of ailments that can further impact the rate of your life insurance policy.

Several insurers require clients to submit a proof of their medical exams as part of the documents they need to submit when buying life insurance. This means, you need to be accurate about the information you provide in the form you submit when you buy life insurance because your medical exams will prove every statement you provide. On the other hand, some companies do not request clients to send in medical exam results. The main drawback of this, however, is the cost of premium that may be more expensive than average.


So, when getting term life assurance quotes, you have quite a few issues to keep in mind to avoid any problems with the cost of premium. If you can change an aspect in your life that will help bring down the cost, be sure to do so before you start looking for a credible insurer.