What is my premium going to be every year or month?
The amount you will pay for your life insurance annually or monthly depends on where you live, and how long you're keeping that coverage in place for, and which riders (additional coverage) you add to the policy.
Also, the type and amount of life insurance will have an impact on how much you pay.
In addition, there are personal risk factors that affect your premium, including your occupation, hobbies, driving record, if you smoke or not, your family health history, height-to-weight ratio, etc.
Basically, the longer you are expected to live, the lower your rate for life insurance. And, the lower the amount of life insurance you buy, the lower your premium.
Term life insurance costs a lot less than permanent life insurance and last for up to 30 years with level premiums. Whereas, permanent life insurance provides lifetime coverage and costs a lot more.
The only way to find out what your premium will be is to contact a local life insurance agent and compare rates, or call insurers direct for a quote, or visit a life insurance quotes provider online to get free, instant life insurance quotes from several of the leading life insurance carriers.