For Example: a $200,000 policy with a rate of $2
This means you would pay $400 per year ($2 X 200) for $200,000 of life insurance coverage.
Your rate for life insurance is determined by considering your age, gender, health, type of life insurance policy, tobacco use, driving record, occupation, hobbies, height-to-weight ratio, lifestyle, and other relevant risk factors, to determine your life expectancy – how long you are expected to live.
You can compare instant life insurance quotes online from multiple insurers to help you find the most affordable policy.
Use a life insurance price calculator to help you find out how much a life insurance policy may cost you.