How much you pay for your life insurance on a yearly basis will depend on several factors.
The type and amount of life insurance will contribute the the rate for life insurance.
In addition, the
risk class is the most critical factor in determining the cost of a
life insurance policy.
The risk class depends on a number of personal risk factors including
whether you're male or female, your health history, family health history, occupation, hobbies, lifestyle, driving record, height-to-weight ratio, any
tobacco usage, etc.
Keep
in mind, every life insurance carrier has their own set of underwriting guidelines, mortality tables, and pricing guidelines, and each may offer a different risk class for a given medical condition or profile. For example, company A may offer standard rates and
company B may only offer higher rates for life insurance on someone with controlled type 2 diabetes.
Non-medical life insurance policies generally cost more than fully underwritten life insurance policies that require a physical exam because an insurance company is taking on more risk without having a full
medical picture of your overall health.
Here's how you can instantly compare the lowest life insurance rates from several of the leading life insurance companies to help you find affordable protection.
