The rate for life insurance is the cost per $1,000 of coverage that you buy.
So, if you need $100,000 of life insurance protection you may be charged $300 per year, which is a rate of $3 per $1,000 of coverage.
Your life insurance rate is based on several factors including the type of life insurance policy, the term (duration) of your coverage, your age, health and gender, among other things.
In addition, your personal risk factors are taken into account, including your lifestyle, tobacco use, driving record, occupation, hobbies, family health history, etc.
These factors are used to help th insurer determine your life expectancy - how long you are expected to live.
Here's how you can compare the best life insurance rates from 40 of the leading life insurance carriers.