hello, my name is vic schumacher. the questiontoday is how do life insurance companies handle premiums, how do they determine the premiumthat you're going to pay. well the first thing is, how much coverage are you looking for?let's just say it's a million dollars worth of coverage. the next question is, are youmale, female and what is your age, what section of the country do you live in, what the zipcode. and importantly, what is your occupation? from those factors they will be able to determinethe average life that you might lead, the longevity that you might lead, and how dangerousa life you might lead. if you happen to be a race car driver, they're going to frownupon having a policy like that, but they will insure you, it's just the premiums might behigher. if you are just an average person
working on the street at a department storesay, the risk is much smaller, therefore they understand that. when you fill out an application,you will give them permission to check medical records, also your credit history, and tohave them understand what type of person they're trying to insure. my name is vic schumacher,the company is hpe financial services, i hope this has answered your question.