Why have life insurance rates fallen in recent years?

People are living longer these days, and living healthier lives due to the advances in health care. This means that the risk is much lower for life insurance carriers and the need to charge higher life insurance rates is less.

In addition, the health criteria to qualify for traditional life insurance plans is much stricter than it used to be in past years.

Depending on the type of life insurance policy you need, many life insurance carriers require you to take a medical exam, which is paid for by the insurer. The medical exam allows underwriters to be better informed about your health and your lifestyle. The healthier you are, the lower the premiums you pay for your life insurance policy.

The internet has also had a big impact on life insurance rates. It has allowed consumers to easily find the lowest price which, in turn, has had an impact on increasing competition, forcing life insurance companies to remain competitive in pricing their plans.

Here's how you can instantly compare the best prices for life insurance from leading insurers.