Reader’s Question:

I have a gym buddy and we have the same program. He’d like to get a life insurance policy in Orlando Florida FL similar to what I have. Would it be safe to assume that he’ll pay the same amount I had?

Kenneth

Orlando, FL

This may be one of the most misleading assumptions you and your buddy can come up with, Kenneth. Although health condition and probably to an extent diet program play a role in determining your life insurance premiums, there are more factors that play a heavier role. Your profile will be taken into consideration because life expectancy is determined. Other risks will also be evaluated such as history of illnesses, medications that he may be in, and the like.

At least you know, Kenneth, your gym buddy has already answered the first critical question one needs to address when looking for life insurance, and that is what does he want out of a life insurance. You said that he wants something similar to yours so what you and your gym buddy should do is go online, and shop.

To illustrate clearly, at the top of this page you will see a search bar asking for your Orlando Florida FL zip code. When he answers the questions it will eventually ask, make sure that his answers reflect the stipulations in your policy. This way, he will get a pretty accurate estimate of how his life insurance plan will vary from yours.

On the other hand, if he is already decided on buying life insurance from the same insurer you have in Orlando Florida FL, then all the better. But it will always be a good exercise to do comparative shopping, specially since it will does not take a lot of effort to do this.

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