Pricing on Life Insurance

How do life insurance carriers determine the price they charge you for a policy?

The price of your life insurance depends on the type and amount of life insurance you need.

In addition, key pricing factors include your gender, age, health, family health history, driving record, tobacco use, lifestyle, hobbies and occupation.

The younger and healthier you are, the lower your cost of insurance, and the lower risk your job and hobbies present, the lower your price for insurance.

Basically, the insurer looks at your life expectancy, how long you are expected to live based on all of the above factors, and develops a rate based on these factors and the health classification your health and family health history places you in for life insurance.

You can compare life insurance prices online by requesting a free quote from an online life insurance quote provider.