That's a really good question - who do insurance companies determine your rate for life insurance?
Well, rates are the price the insurer charges per $1,000 of life insurance.
The rate is based on several factors which the insurer believes will affect how long you live, which in turn will affect how long you keep making your life insurance premium payments to them.
The main "risk factors" an insurance company considers for life instance rates include your age, gender, health, family health history, occupation, hobbies, lifestyle, tobacco use, driving record, and your height-to-weight ratio, among other things.
In addition, the type and amount of life insurance impacts the rate you are charged.
Also, since rates vary by insurance company, you may want to compare prices among several of the safest, most secure insurance carriers.
The insurers with the highest financial strength ratings of "A" Excellent, or better, from AM Best are a good place to start.
When you compare life insurance prices on the internet, your free quotes will show you the names of the insurers, their financial ratings, the prices offered, and the type and amount of life insurance quoted.
That way you can compare apples-to-apples for the best price from a highly-rated insurance company.
Here's how you can compare the best rates on life insurance from several insurance companies with no obligation.