People who invest in life insurance policies will often find that their premiums will be higher if they enjoy certain risky activities – like skydiving or auto racing, for example.
This is because insurance companies want to minimize their own financial exposure in regard to customers who, in the long run, may be far more likely than others to end up having their term life policies cashed in.
For people from all walks of life, life insurance serves as a valuable safeguard against unexpected tragedies that can leave loved ones financially struggling for years.
For example, even the healthiest individuals aren’t immune to the risk of choking. In fact, a survey released earlier this year found that about 28 percent of the public has actually witnessed an individual choking.
A survey shows that wealthy Americans may not considered sufficient estate planning, even if they are concerned with their finances.