Premiums are the payments that keep your insurance in effect. They can be made annually, usually at a discount, or monthly. Make sure to keep making the insurance premium payments. Without the payments, your investment in life insurance is cancelled.

Your premium will be based on your expected life expectancy and factors such as your weight, your health, smoking, your age and your family history will all be incorporated in the premium price. You may even be required to take a health physical, often paid for by insurer, before obtaining policy coverage.

Make sure to also ask your Kingsbridge Insurance Brokerage professional for more information about premiums in exchange for guaranteed benefits.