Since life insurance companies each have their own set of rating and underwriting guidelines, no one company offers the best rates for everyone.
In addition, your own individual risk factors will impact your rate for term life insurance.
For instance, your age, gender and health will factor into what rate you are charged for term life insurance.
In addition, your family health history, height-to-weight ratio, occupation and hobbies will impact your life insurance rate.
Other rate factors may include your driving record, credit history, and whether or not you smoke, as well as, your lifestyle.
The insurance company will factor in these individual risk factors when developing your term life rate. The length of term will affect your rate, for example, a 10 year term life plan will have a lower rate than a 15 or 20 year term life policy.
Term life plans are usually offered for a term of 10, 15, 20, 25, or 30 years of coverage. The longer the term, the higher your rate for the life insurance coverage.
Here is how you can review a list of top term life insurance companies, their financial strength ratings, and request your free quotes for term life insurance to help you find the most affordable plan and company.