The premium for each person to be insured by life insurance will depend on the person's gender, age, tobacco use, height-to-weight ratio, driving record, lifestyle, and other risk factors that impact longevity.
The type of life insurance policy you get and the amount of life insurance for each person to be covered will also make a big difference in how much life insurance will cost for a family of 4.
Sometimes the same life insurance policy will work for the entire family, usually through the use of riders that provide additional coverage for a spouse and children for an additional premium.
Keep in mind that if the primary Insured passes away, the spouse and/or children on the rider will need to get a new life insurance policy in order for life insurance coverage to continue for them.
It may be advisable for adults to get their own life insurance policies, because often they can get a better rate using different life insurance companies.
With children, it can be very cost effective to put them all on one rider. If something would happen to the primary Insured, they are usually able to get another life insurance policy at a reasonable price.
Here's how you can compare low cost family life insurance rates online from several of the best life insurance companies in America.