How Much Does Life Insurance Cost?

What does it cost to buy a life insurance policy?

The cost of life insurance may vary based on your own personal risk factors, as well as, the insurance company, and the type and amount of life insurance you want to purchase.

Each insurance carrier has their own rates for life insurance, so it may help you save money to compare multiple life insurance quotes from several of the best life insurance carriers to find the best price.

Also, the type of life insurance affects your cost. Term life costs a lot less than permanent life insurance because term offers coverage for up to 30 years, while permanent life insurance provides lifetime protection.

Also, the cost of your life insurance policy will depend on your age and health. In addition, your risk factors are taken into consideration to develop the rate you pay for life insurance.

Risk factors usually include your lifestyle, family health history, occupation, hobbies, tobacco use, driving record, height-to-weight ratio, etc.

The risk factors and results from your medical exam are used to determine your life expectancy – how long you are expected to live. The longer your life expectancy, the lower your rate for life insurance.

Here’s how you can instantly compare the lowest prices for life insurance from several highly rated life insurance companies.