Premium for a Term Life Insurance Policy

What is the premium on a term life insurance policy?

The premium, which is the price you pay on a regular basis for your life insurance, depends on several factors including the amount of insurance you need and the rate charged per $1,000 of coverage.

Your rate for life insurance is based on several factors including your age, gender, health, occupation, hobbies, lifestyle, tobacco use, driving record, and height-to-weight ratio, among other things.

The healthier and younger you are when you purchase your life insurance, the lower your rate for coverage.

Here's how to learn more about premiums for term life insurance policies.