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 your rate for coverage. The longer your term the higher your rate for coverage. Terms available for term life insurance are usually 10, 15, 20, 25 or 30 years.
Here's how to learn more about
term life insurance pricing and compare rates online.
