Insurance carriers each have their own set of pricing guidelines based on rating factors, and the type and amount of life insurance.
Some of the risk factors life insurance companies consider when developing your price for life insurance may include your age, gender, health, family health history, occupation, hobbies, lifestyle, driving record, height-to-weight ratio, if you smoke or not, credit card history, etc.
These rating factors help the insurer to determine your life expectancy, how long they expect you to live, and continue paying your premiums.
You can compare premiums for term life insurance online by requesting free quotes from a life insurance quote provider with access to a large network of insurers, so you can instantly find the lowest rates for term life insurance.
Here's how you can calculate term life insurance premiums online in just minutes.