How is a Term Life Insurance Policy Priced?

If you're shopping for a term life insurance policy you may be wondering how your coverage is priced.

Term life policy pricing takes into consider several key factors to develop your premium for insurance.

Some of the main pricing factors include your age, health, type and amount of life insurance; as well as, your gender lifestyle, occupation, hobbies, tobacco use another risk factors which may help the insurer determine your life expectancy.

Since term insurance is temporary coverage, the shorter your duration of insurance, the lower your annual premium.

Learn more about pricing of a term life insurance policy.