Wheeling, IL (PressExposure) November 24, 2010 -- Life insurance rates are based on life expectancy. This is why life insurance underwriters evaluate a number of health and lifestyle factors when determining an individual’s life insurance rate. The healthier an individual is and the safer they live their life, the lower their life insurance rate will be. On the other hand, individuals in poor health who live risky lifestyles pay higher life insurance premiums. These individuals are labeled “high risk” by most life insurance company standards because their chances of injury or premature death are much higher than average.

Consumers labeled high risk may either be denied life insurance altogether or be charged “rated” premiums. If the life insurance company determines rated premiums are appropriate, the consumer will pay a pre-determined amount of money per $1,000 of coverage; typically an extra two to three dollars depending on the severity of the risk.

“Life insurance companies take a financial risk when they insure you. That’s why they have to charge higher premiums for those who live risky lifestyles,” says Byron Udell, founder and CEO of AccuQuote. “But the fact is, even though the cost may be significant, those who are high risk probably need life insurance even more.”

AccuQuote reveals top risky hobbies and occupations that affect life insurance rate:

• Hazardous material workers
• Explosive workers
• Scuba divers
• Base jumpers
• Sky divers
• Miners
• Zookeepers
• Pilots

Even though life insurance rates are higher for individuals who participate in risky activities, there are ways to keep premiums reasonable by obtaining certifications, licenses and professional training. Life insurers have higher faith in consumers who follow safety regulations and who have a comprehensive understanding of the risky activity they participate in.

“If you’re an adrenaline seeker or you have a dangerous occupation, don’t give up on looking for affordable coverage,” says Udell. “It’s not out of reach if you do your homework. Shop around at a multi-carrier life insurance brokerage firm, like AccuQuote, to learn where you qualify for the best rates. Every life insurance company has different underwriting guidelines.”

To find out more about life insurance company underwriting guidelines when it comes to risky hobbies and occupations, contact a highly recommended life insurance agent at AccuQuote. Call 800-442-9899.

About AccuQuote

AccuQuote helps consumers find the best values in term life insurance by combining instant life insurance quotes online with the personal service of unbiased, licensed life insurance professionals who will answer questions, identify important issues and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, universal life, long-term care, disability and selected annuities. The website has many handy life insurance tools, including a term life insurance calculator to help consumers determine their life insurance needs, a glossary that explains industry terminology, a collection of articles and press releases that cover life insurance and personal finance and a blog that provides opportunities for discussion on various insurance and financial topics. For additional information or to get free quotes for low cost life insurance, call AccuQuote at 800-442-9899.

Press Release Source: http://PressExposure.com/PR/AccuQuote.html