Age and Gender
Age is the primary factor in life insurance pricing. Each year you wait to purchase coverage, your premium increases approximately 8-10%. Gender also plays a role: women typically pay 15-20% less than men because they have longer average life expectancies.
Health and Medical History
Your current health status and medical history significantly impact your premium. Factors include blood pressure, cholesterol, BMI, family medical history, and any existing conditions.
The medical exam results (or data from accelerated underwriting) determine your health classification. The difference between Preferred Plus and Standard can be 40-60% in premium cost.
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Get Your Free QuoteLifestyle and Occupation
Tobacco use doubles or triples your premium. Dangerous hobbies like skydiving, scuba diving, or motorcycle racing can also increase costs.
Certain occupations carry higher premiums, including pilots, miners, fishermen, and other high-risk jobs. Your driving record and any DUI convictions also factor into the calculation.
Coverage amount and term length are the factors you control most directly. A longer term costs more than a shorter term, and larger death benefits cost more than smaller ones — but the per-dollar cost of coverage often decreases as the face amount increases.