What is typically a factor that does NOT influence life insurance premiums?

The factor that typically does not influence life insurance premiums is the policyholder's credit score. Life insurance premiums are primarily based on risk assessment, which considers factors such as the insured's health status, geographic location, and the coverage amount selected.

Health status is critical because it directly impacts the likelihood of mortality; insurers assess pre-existing conditions, current health, and lifestyle choices. Geographic location can influence premiums because different regions may have varying rates of accidents, crime, and health conditions affecting mortality. The coverage amount selected also plays a significant role, as higher coverage generally leads to higher premiums due to increased risk for the insurer.

While a credit score can be a factor in certain types of insurance, particularly in underwriting for health insurance or in the context of certain benefits, it is not a standard consideration for life insurance premiums. Life insurers focus more on mortality risk rather than financial metrics like credit scores when determining premiums.