When you buy a life insurance policy the insurance company bases your cost of coverage per $1,000 of life insurance on a rate they determine based on your age, health, type and amount of life insurance; as well as, other risk factors.
Your personal risk factors that affect your rate for life insurance may include your lifestyle, tobacco use, occupation, hobbies, driving record, height-to-weight ratio, and family health history, among other things.
These risk factors are considered by the insurer to determine your longevity - how long you are expected to live, and to continue paying premiums on your life insurance.
Basically, the younger and healthier you are when buying your life insurance, the lower the cost of your policy.
Here's how to
request your life insurance quote comparisons online from multiple insurers to help you find the most affordable plan.
