What are the average prices for term life insurance?

Are you wondering about the average price of term life insurance?

Really, there is no one average price for term life insurance?

Why? Because, each life insurance company has their own set of underwriting and pricing guidelines, and each person has their own set of characteristics which makes them a better or worse risk for life insurance.

How does this affect your price for life insurance?

Well, the following factors will affect your price for life insurance:  Your age, gender, health, family health history, occupation, hobbies, if you smoke or take medication, height-to-weight-ratio, among other factors.

That means, you can do things to improve your rates for life insurance; such as, quit smoking if you smoke, since smokers usually pay 2-3 times more for life insurance than  non-smokers.

Also, you can lose weight, eat healthier, and exercise on a regular basis to help improve your health, and lower your life insurance rates.

In addition, comparing rates for life insurance from several insurance companies may help you save money because rates do vary by carrier.

Learn more about the average cost of term life insurance