Risky hobbies lead to higher life insurance premiums

Risky hobbies lead to higher life insurance premiums

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.

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How do wellness programs reduce insurance costs?

How do wellness programs reduce insurance costs?

Healthcare reform brings a string of new provisions aimed at reducing the overall cost of healthcare, such as employer wellness programs.

Wellness programs have existed in the workplace for years and commonly offer employees gym memberships and fitness perks at subsidized rates. Many companies assess employee health with quizzes relating to exercise, nutrition, stress, smoking and alcohol, reports the Milwaukee Journal-Sentinel.

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