The younger and healthier you are when you purchase a life insurance policy, the lower your cost for coverage.
Your life expectancy (how long you are expected to live) plays a large role in how you are rated for life insurance coverage. The longer you are expected to live, the lower your cost for life insurance.
Your personal risk factors also impact pricing, including your gender, health, lifestyle, tobacco use, etc.
Many people choose to buy life insurance when they experience a major life event; such as, getting married, starting a family, buying a home, or when a loved one passes away.
Learn more about when is a good time to buy life insurance coverage.