What factors determine the cost of life or health insurance?

Several factors contribute to the cost of life or health insurance. Firstly, the age and gender of an individual play a significant role, as younger and healthier individuals generally have lower premiums. Secondly, the type and level of coverage chosen impact the cost, with more comprehensive plans typically commanding higher premiums. Additionally, the medical history and current health status of the insured person can influence the cost, as pre-existing conditions and higher health risks may result in increased premiums. Similarly, lifestyle habits such as smoking, excessive drinking, or engaging in risky activities can also impact the cost. Other factors that may be considered include the desired policy duration, occupation, and location. Swiss Re Life & Health takes all these factors into account to determine the cost of life or health insurance.