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. You may choose a term for coverage of 10, 15, 20 or 30 years,
from many insurers.
Also, the younger you are when you buy your term policy,
the lower the annual premium you can lock-in for your life insurance policy.
Learn more about
term life insurance pricing and how it works.
