What Factors Affect Life Insurance Costs?

Various factors affect the cost of life insurance. Some of these factors can’t be changed while others depend a great deal on your personal choices and lifestyle. Your choice of occupation, habits and hobbies, for example, help determine the cost of a life insurance policy from San Marcos Insurance Group in Chandler, AZ. Here are some of the main factors that affect life insurance costs.

Your age and gender can affect the cost of life insurance. Life insurance is more affordable to buy when you’re young and healthy. The older you get, the higher the costs. If you’re a woman, you can expect to pay less for your coverage as women, in general, have longer lifespans than men.

Insurance companies consider your overall health and fitness when determining life insurance costs. People with health problems such as diabetes, cancer, heart disease, etc. will pay more for coverage due to greater risk of dying sooner. If your family has a history of inherited diseases, you will probably pay more for coverage as well. If you’re in good health, you can expect to pay less. By taking measures to improve your health, you’ll not only live longer but pay a reduced price for your life insurance premiums. Quitting smoking is another way you can reduce your life insurance rates.

Your choice of hobbies and occupation can raise or lower the cost of life insurance. Perilous hobbies like car racing or skydiving puts you at greater risk of having a fatal accident, resulting in your having to pay more for your life insurance premium. People with risky occupations like construction workers, firefighter or aircraft pilots are also more likely to pay higher life insurance rates.

Your choice of life insurance policy will also affect its cost. For more information on affordable life insurance options, contact San Marcos Insurance Group in Chandler, AZ.

Does Commercial Insurance Protect My Business During a Severe Weather Event?

Severe weather events can cause serious damage to communities, businesses and homes.  Business owners know that weather events can not only harm their physical structures but also disrupt their ability to serve their clientele.  Many owners wonder if they are covered if there is weather damage.  The simple answer is ‘yes’.  Most commercial insurance packages cover the physical structure of a business.  The amount and type of coverage that the business owner has will determine how the insurance company will compensate the business for the damage to or loss of a structure.  Within a commercial policy, the property insurance portion will cover not only the building but also the equipment and inventory.  The agents at San Marcos Insurance Group serve businesses in the Chandler, AZ area.  They can ensure that your business has the coverage needed.

It is important to know that during a large-scale weather event, insurance adjusters will be inundated with calls from customers so there may be some delay in them getting to the business’ property.  In order to begin operating normally as quickly as possible, business owners should photograph everything.  Owners can begin to clean up the property, clear debris and assess what repairs will need to be made.  If the coverage includes business interruption insurance, that will provide for the business to operate out of a temporary location until their building is repaired. 

Prior to and following a significant weather event, your insurance agent is your biggest advocate for the safety of your business.  The agents at San Marcos Insurance Group understand the challenges and potential threats to small businesses in the Chandler, AZ area.  They will work with you to get the coverage that your business needs while keeping premiums low.  Call or visit today!