That's a question many people have when shopping for life insurance coverage.
Actually, the premium you are charged is based on the type and amount of life insurance you need.
In addition, your age, gender and health impact your premium; as well as, your family health history, driving record, lifestyle, tobacco use, occupation, hobbies, height-to-weight ratio, etc.
Several key risk factors are reviewed to determine your life expectancy including information developed from your life insurance medical examination.
The information is used to determine your rate classification which determines your rate per $1,000 of life insurance based on your risk factors compared to the average applicant. Some rate classifications may include standard, preferred, or sub-standard.
Learn more about how life insurance premiums are determined.