How does pricing for term life insurance work?

Prices on term life policies are determined by considering several factors, including the length of term (duration), amount of life insurance, your age and gender, as well as, your health.

In addition, your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, and family health history may impact the cost of your term life coverage.

The shorter your term (duration of coverage), the lower your annual cost of coverage. Y...
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What affects the price you pay for term life insurance coverage?

Your cost of term life insurance will depend on the amount of life insurance you need and the length of your term (duration) of coverage.

In addition, your age and gender impacts your cost of coverage. Also, your personal risk factors affect your price including your lifestyle, health, occupation, hobbies, tobacco use, driving record,  and height-to-weight ratio, among other things.

The longer you are expected to live, the lower yo...
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