When you apply for a life insurance policy, you’re asked a number of questions: age, sex, weight, family medical history, personal health history, fitness level, smoking habits, avocations, etc. The information you provide helps to determine your life insurance premium. Although you can’t change your age or personal health history, below are five changes you can make that may impact your insurance premium costs.
1. Stop Smoking
2. Maintain a Healthy Weight
3. Lower Your Cholesterol Level
4. Lower Your Blood Pressure
5. Monitor Your Health Regularly
If you have a policy and improve your health in one of the areas mentioned above, you may be able to apply for a rate change on your policy or apply for a new policy. Be sure to speak with your financial professional about the details of your policy. The more you know about your health, the more proactive you can be. This, in turn, may ultimately impact your life insurance premium.
The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind, and often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.
Choosing the perfect life insurance plan depends as much on your financial needs as it does on your health class rating. We will assess all factors and guide you through every option until we find the perfect plan for you.
Cosmo Insurance Agency is knowledgeable in various options including but not limited to – term, ROP, permanent and whole - from over two dozen A rated carriers. We are familiar with the rate classifications that particular carriers use to determine the health class of enrollees – and there are significant differences between them. No matter what the results of your medical examination are, we will find the insurer that will provide you will the best rating class and thus the lowest premiums.
Employers, find out about our selection of group life insurance plans, which can help you greatly to attract and retain quality employees. Additionally, these can be a particularly appealing option for individuals with health challenges, as most group life insurance plans do not require a medical examination. Whether you want a basic group life insurance plan or life insurance with long term care benefits, Cosmo Insurance Agency’s life and health insurance agents in New Jersey will be there to guide you.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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