Each person who applies for life insurance is given a rate based on that person's risk for being insured, and the type and amount of life insurance being purchased.
Rates for life insurance vary by insurer because each life insurance company has their own loss experience with different categories of risk for life insurance.
In addition, your rate for life insurance depends on your own personal risk factors which determine how long you may live. The longer you are expected to live, the lower your rate.
The longer you live the longer you may pay your life insurance premiums without the insurance company having to pay out a claim on your life insurance policy.
Risk factors may include your age, gender, health, family health history, lifestyle, occupation, hobbies, if you smoke, your height-to-weight ratio, driving record, etc.
To determine your rate for life insurance you can instantly compare multiple life insurance rates from over 70 leading life insurance carriers to find out which insurers may offer you the best deal.