How Life Insurance Is Priced

Age is a driving factor for all insurance policies due to mortality tables.

Medical history impacts your overall rating which can increase premiums. Some carriers are more favorable depending on our medical history. This can be something major like cancer, heart attacks or stroke, or minor such as high blood pressure, diabetes, anxiety and depression.

This includes but not limited to -  height/weight, smoking history, arrest history, substance abuse history, and other factors. It's important to find a carrier that is favorable to your individual needs. 

Gender also plays a large role - Statistics show that females live longer than males so most carriers take that into consideration.

The amount you get increases pricing as well. The more coverage we get, the more expensive the coverage will be.

Duration of coverage is also very important as this determines whether your coverage is an "if" or a "when"... The longer your term 10,20,30,40 years or even permanent will make premiums more expensive as they are more likely to be paid to your family.