There is no one average cost of a life insurance policy because there are many different types of life insurance policies, and each person is rated based on their own particular risk factors.
The average rating people get for a life insurance policy is "Standard". From that, you can determine the average cost for life insurance for people of different ages and genders.
Keep in mind that the average cost for life insurance for an 80 year old is going to be much different than the average cost for a 20 year old. As will the average cost for someone with diabetes or high cholesterol, as compared with someone in perfect health.
The length of the term (10, 15, 20 or 30 years), or whether the policy is a permanent life insurance policy, have a big effect on the premium, as well.
Some of the risk factors considered when developing a rate for your life insurance include your gender, age, health, family health history, occupation, lifestyle, hobbies, driving record, height-to-weight ratio, etc.
The longer you are expected to live, the lower your rate for life insurance.
Learn more about the average cost of life insurance
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