"What determines your insurance premium? Find out the essential factors! 💡💰"|| Prince Jain, CFA, CFP

Welcome to part 6 of our 12 Days of Life Insurance series. I’m Prince, a Certified Financial Planner and CFA Charterholder. In this video, we’ll discuss what affects the cost of your life insurance premium.

Several factors can impact your insurance premium:

1. *Age*: The younger you are when you buy insurance, the lower your premium will be. If you wait until you're older, your premium will be higher.

2. *Health*: If you're in good health, your premium will be lower. If you have chronic illnesses, it will be higher.

3. *Occupation*: If you have a risky job, your premium will be higher. Safer jobs have lower premiums.

4. *Smoking*: Smokers usually have higher premiums than non-smokers.

5. *Gender*: Women generally live longer than men, so men often have higher premiums for term insurance.

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Видео "What determines your insurance premium? Find out the essential factors! 💡💰"|| Prince Jain, CFA, CFP канала Money Maths