There are several key factors which will play a role in shaping the cost of your policy, including the following:
Age: older individuals tend to pay more for coverage than younger people
Employment: those deemed to be working in a high-risk occupation are likely to pay more than others in lower-risk jobs
Medical history: pre-existing conditions may inflate your premium
Lifestyle: smoking can significantly increase the cost of your insurance
Income: the more you earn, the more you’re likely to pay
Benefit period: longer benefit periods will likely result in costlier premiums
Waiting period: the longer your waiting period, the less you’re likely to pay for your insurance