The premium you are charged for a term life insurance policy is based on the rate per $1,000 of coverage times the amount of coverage you need.
So, if your rate is $2 per thousand, and you need $200,000 of term life coverage, your premiums will be $2 X $200 = $400 per year.
The rate you are charged per $1,000 of coverage will depend on your age, gender, health, occupation, hobbies, tobacco use, driving record, lifestyle, height-to-weight ratio, and family health history, among other risk factors.
In addition, the duration of your policy "term" will impact your rate.
Term life offers coverage for a "term" of 10, 15, 20, 25 or 30 years. The longer your policy term, the higher your rate for coverage.
Learn more about premiums for term life insurance.