Which factor could result in a higher premium for life insurance?

The classification of your occupation as high-risk is a key factor that can result in a higher premium for life insurance. Insurance companies assess the risk associated with insuring an individual based on several criteria, including lifestyle, health status, and occupation. High-risk occupations, such as those in construction, law enforcement, or certain medical fields, typically present a greater likelihood of injury or death compared to office jobs. Consequently, to account for this increased risk, insurers will impose higher premiums to ensure they can cover potential claims.

In contrast, being a non-smoker typically leads to lower premiums because non-smokers generally have lower health risks and longer life expectancies. Similarly, being retired may not directly impact premiums unless coupled with health-related concerns, and having a good credit score is often associated with responsible financial behavior rather than risk assessment related to life expectancy. Therefore, the classification of an occupation significantly influences life insurance premiums, making it the correct answer in this scenario.