Term Life Insurance Pricing?

How do insurance carriers determine your pricing for a term life insurance policy?

The price you pay for term life insurance will depend on your gender age and health.

The amount of life insurance and the duration of your coverage (term) will also affect your cost of term insurance.

In addition, your personal risk factors are considered, including your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, among other things.

The insurer uses this information to decide if they will accept you for coverage and how much you will pay based in part on your life expectancy and the duration of your term life policy.

Learn more about term life insurance pricing and how it works.