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More
about Canadian life insurance company "rating"
...continued
from Canadian insurance company. Another
"rating" factor is the type of work you
do. The type
of occupation is important and a fireman may be a higher
risk than a butler. If your job involves the risk of death by
accident, then this will be reflected in the type of
policy and the premium. Other physical threats such as a family
history of diabetes or heart disease is also weighed into
the calculation of rating. Some factors cannot be
changed although smoking and other lifestyle choices may
cause higher rates. If you do not indulge in these
activities, you will be considered for lower premiums.
A fair
rating system insures or protects the Canada life insurance company from
covering clients when they may be a high risk. Insurance
companies are in the business of making money and if you
are a high risk you will have to pay for the offer of
service much more than other people.
So the
moral of the story is: It is wise to apply for Canadian insurance
when you are young and healthy, instead of applying for
it when you think you'll need it.
Partner -
Term
Life Insurance Quote - http://www.quality-ins.com/
- Online Term Life Insurance Quotes in United States
and Canada. Fast and Free quote form. Visit us
today!
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