Each life insurance company has their own set of pricing and underwriting guidelines based on several factors which vary by applicant for coverage.
Some insurers may be more competitive for young males who are of average build. Other insurers may be more competitive on rates for females over 30 who are overweight.
When it comes to determining your rate for life insurance the insurance company has to consider how long they expect you will live.
In addition, the type and amount of life insurance will affect your rate for life insurance.
Factors that may impact your longevity may include your age, gender, health, family health history, occupation, hobbies, if you smoke or not, your driving record, credit history, family health history, height-to-weight ratio, etc.
Since no insurer has the lowest rates for everyone, it may help save you money by comparing rates for life insurance among several highly-rated insurance companies before you choose your life insurance plan.
Here's how you can review some of the top life insurance companies, their financial strength ratings, and request your free life insurance quote comparisons online.