If the smoker shows additional health problems that further increase the probability of death or disability, this person may not qualify for insurance at all. But is they very same smoker later quits smoking, loses weight and their blood pressure is reduced, the insurance company will reconsider the premium, because the risk has been reduced. Occupation can also affect the premium you pay. Think about it. If you're a test pilot or a high steel worker, the odds of death of injury are much higher than if you drive a bus for a living.
Hobbies can be dangerous too.
Obviously if you skydive or scuba dive in you free time, you may be a bigger risk to an insurer than if you take you leisure on the golf course. After Information is Secured Once an insurance company has all the necessary information about an individual's risk factors, they make their decision on the exact premium to charge. Or, if you have some of the risk factors discussed earlier, you may be charged a higher premium. But in practice, less than four percent of all life applications are declined and only about five percent require a higher than standard premium. The emphasis so far has been on individual insurance.