How much does life insurance cost?

It’s different for everyone and varies based on your unique situation. The biggest factors that can affect your premium include:

• The type of policy you choose: Whole life policies tend to cost more than term life policies because they last for your entire life, and accumulate cash value.
• The type of underwriting experience you want: Simplified and guaranteed issue policies tend to be more expensive because they don’t require full underwriting and are written without a medical exam.
• Your coverage amount and term length: Less coverage and shorter term lengths tend to cost less–that’s another reason whole life policies cost more, they never expire.
• Your age: Younger people typically have lower rates.
• Your health status: Healthier people typically have lower rates.
• Your tobacco use: Non-smokers typically have lower rates.