Of course we all want to get a good deal on our life insurance, but the average cost of coverage depends on several key factors including your age and gender.
The younger you are the lower your rate. Since women live longer than men, they pay less for term life insurance.
In addiiton, the duration (term) of your term life insurance impacts your rate.
The longer your policy term, the higher your annual cost of term life insurance, because the chances of you dying during a longer term policy increase with age.
Also, your own personal risk factors will affect your cost, including your health, lifestyle, tobacco use, hobbies, occupation and driving record.
The easy way to find your average cost of term life insurance is to request and compare free term life insurance rate quotes online from several of the leading life insurance carriers.