Host: How does health factor into my coverage and cost?
Bob Ley: The lowest rates in the industry are typically labeled Select or Preferred and go to those who are in good health with a family history of good health. If you take heart medication or are overweight you will usually pay higher premiums. The same applies if you smoke or have a risky occupation or engage in risky sports like sky diving, you will pay more for life insurance than the typical person. It pays to shop around. One company may charge more or less than another depending on how they view the risk or estimate your condition. This is called underwriting.