What are Life Insurance Rates?

A rate for life insurance is the price you pay per $1,000 of life insurance coverage.

Your rate is based on several factors including the type of life insurance, the duration of your coverage, your age, gender and health.

People who are young and healthy pay a lower rate than people who are older and not in good health because the younger person is expected to live longer, and keep paying their premiums for a longer period of time.

In addition several; risk factors will affect the rate charged for your life insurance including your lifestyle, family health history, driving record, tobacco use, occupation and hobbies, height-to-weight ratio, etc. These all g into helping the insurer determine your life expectancy.

The longer your life expectancy, the lower your rate for life insurance.

Here's how you can compare instant life insurance rates from several of the best insurance companies.