Are you constantly worried about the future of your family and your children? Do you often feel scared that after you they will fall into financial trouble? Worry not, for we at Legacy Partners Insurance and Financial Services, Inc., have a plan to save your family monetary woes. All have to do is invest in a life insurance policy with us. Our policies are available at various premiums and for various periods. All you have to do is give us information about your income, the amount for which you require coverage, and when you want to start it. The remaining details, including all the paperwork, are taken care of by our agents. Reaching people in their homes is our specialty and this factor is the main reason why people living in and around the areas of Beverly Hills, Burbank, Encino, Fresno, Pasadena, Sherman Oaks believe in us.
Here, we have made a list of 3 factors that are instrumental in deciding the premium amount for a policy. Take a look.
- Age of the Individual
Firstly, the age of the individual buyer is taken into consideration. Agencies usually have a standard formula for deriving the premium amount. One component of this formula is the age. The more is the age of the person, the higher will the premium amount be.
- Health Conditions
Secondly, individual policy-buyers health conditions are checked. This is another component that is used in the formula for premium calculation. Severe diseases like cardiomyopathy and cancer attract higher premiums while curable diseases chalk-out lower premiums.
- Period of Policy
Lastly, the tenor or the policy is another factor that is considered by agencies to come to the premium amount. This factor is usually combined with the features of the plan itself to come to the premium amount. Policies for long periods attract fewer premiums as compared to short-term policies.
So, if you think you want to make an investment in a policy for the benefit of your family, give us a call at 855-966-6884, immediately.