The premium is the amount you pay on a regular basis for your life insurance coverage.
Your premium is based on the amount of insurance and the rate charged per $1,000 of coverage.
The rate is based on several factors, including your age, gender, health, tobacco use, occupation, hobbies, family health history, driving record, credit history, etc.
The younger and healthier you are, the lower your rate for life insurance.
You can compare pricing for life insurance by visiting a life insurance website and filling out a Quote Request Form. That way, you can instantly see the lowest pricing available from several of the leading life insurance carriers.
Learn more about what life insurance costs.