Some factors that determine how much life insurance will cost are:
1) Age (generally, the older you are, the higher the premium will be for a policy of the same type as a younger person of similar health);
2) gender (men usually pay more than women);
3) health (both current and past health);
4) tobacco use (users of tobacco usually pay more); and
5) type of policy (the shorter the premium is locked in, the lower the premium usually is).
There are other factors that can also enter in such as treatment for substance abuse, numerous traffic violations, felony, dangerous hobbies, and being on disability. That is why shopping among multiple companies can help you save money, as some companies rate certain risk factors more favorably than others.
That is an excellent question! The main things that determine your rate are your age and gender; your smoking preference; your immediate and past health conditions; The prescriptions that you are taking; The type of policy and the coverage desired; and the companies costs of insurance, fees and profit margins. Things like your job, your family's health histories, and where you live can also play a part. Depending upon the policy that you are looking at, some or all of these can play a part. I hope that helps, thanks for asking!
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1) Age (generally, the older you are, the higher the premium will be for a policy of the same type as a younger person of similar health);
2) gender (men usually pay more than women);
3) health (both current and past health);
4) tobacco use (users of tobacco usually pay more); and
5) type of policy (the shorter the premium is locked in, the lower the premium usually is).
There are other factors that can also enter in such as treatment for substance abuse, numerous traffic violations, felony, dangerous hobbies, and being on disability. That is why shopping among multiple companies can help you save money, as some companies rate certain risk factors more favorably than others.