Your life insurance company will perform due diligence to assess the level of risk they undertake when they agree to accept you as a subscriber. In doing so, they must determine certain risk factors in your health and lifestyle.
If your hobbies, for example, include skydiving, this should be divulged to your AFI Insurance representative. Your activities will not be judged on their appearance or common perceptions of their hazardousness but on the actual statistical likelihood that they could cause a life-threatening peril. Skydiving, for example, has not been found to pose a severe threat to one’s life in any significant empirical data.
Something like this would not necessarily bar you from obtaining life insurance, but it could increase your premiums. Other recreational activities may be too risky for a company to indemnify you against. It’s important to remember that life insurance is not a legal requirement in the region of Denver, CO but is a resource people choose for its ability to convey wealth to their benefactors.
Another category of risk comes from your occupation. Some of the most dangerous jobs include fishing, hunting, logging, piloting, roofing, construction, farming, and driving trucks. Law enforcement and firefighting also come with elevated danger. Your insurance company likely has several classes of categories they use to label various factors. They will designate you the level of risk they feel most likely suits your work and other habits to insure you properly.
We Can Help you with Life Insurance.
AFI Insurance takes pride in serving Denver, CO with insurance products and services to meet your needs. We invite you to contact us by calling, visiting us online, or stopping in person for more information about how we can serve you.