The amount you pay for your term life insurance policy will depend on the insurance carrier, and your own personal risk factors.
Each life insurance company has their own set of pricing guidelines and approach to underwriting risks for life insurance.
In addition, your personal risk factors affect the rate you pay for life insurance.
Risk factors may include your age and health, family health history, your occupation and hobbies, lifestyle, if you smoke or not, your height-to-weight ratio, driving record, and other factors that may impact your "longevity" - life expectancy.
Basically, the lower the amount of life insurance, and the younger you are when you buy your life insurance, the lower your rate for coverage.
Term life insurance usually offers coverage for a period of 10, 15, 20 or 30 years. The longer the "term", the higher your rate.
You can find out what a term life policy may cost by comparing instant term life insurance rates online from several life insurance companies at once.
1ClickCoverage can help you to compare rates. You just fill out a short quote request form and instantly receive the lowest rates for term life insurance from their network of highly-rated insurers.
