How are life insurance costs determined?

There are several factors that go into determining your cost for a life insurance policy.

The type and amount of life insurance plan will impact your price for coverage.

In addition, the length of term, or, how long your life insurance will last, will affect your cost. The longer your term, the higher the rate.

If addition, other personal factors will have an affect on your rate for life insurance, including: Age, sex, tobacco use, weight, and lifestyle.

The younger you are when you buy life insurance the lower your ate.

If you use tobacco, your rate will be higher than for a person who is a non-smoker.

If you are overweight, you will pay more for life insurance coverage.

Also, your occupation and hobby will affect your rate - high risk jobs or hobbies will call for a higher rate on your life insurance.

Other factors affecting your life insurance rate may include your health, family health history, driving record, credit history, etc.

Here's how you can compare life insurance rates online to help you find the most affordable life insurance plan.