Life Insurance and the Extra Cost

Skydivers, cancer survivors and people convicted of drunken driving have something in common: They all might find an extra charge in their life insurance.

Your age, health and smoking status are the factors that most affect your life insurance rates. But other factors that raise your risk of death can spur insurers to impose a “flat extra” on your life insurance policy. The charge might be temporary, or it might last as long as your policy does.

Here are three common scenarios in which life insurance companies might charge flat extras. 

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