What factors beyond age affect life insurance premiums in Nevada?

While age is one of the most significant factors in life insurance pricing, several other variables determine the premium you pay for a given coverage amount.

Gender: Women generally pay less than men for the same coverage because women have statistically longer life expectancies. For a 40-year-old, this gender difference can mean 20–30% lower premiums for women on the same policy.

Health and health class: Your health classification (Preferred Plus, Preferred, Standard, Substandard) has a larger impact on premiums than any factor except age and coverage amount. A Preferred Plus applicant may pay half the premium of a Standard applicant for identical coverage.

Tobacco use: Smokers and tobacco users typically pay 2–3 times the premium of non-users. Many carriers treat vaping as tobacco use. Former tobacco users who have been abstinent for 12–24 months may qualify for non-smoker rates.

Policy type: Term insurance premiums are substantially lower than permanent life premiums for the same face amount, because term carries no cash value accumulation and has an expiration date.

Coverage amount and term length: Premiums scale with coverage amount. Longer term lengths (30 years vs. 10 years) cost more because the carrier is exposed to mortality risk for a longer period.

Riders: Add-ons like waiver of premium, disability income, or guaranteed insurability riders increase premiums.

Occupation and hobbies: Hazardous occupations or activities (aviation, mining, extreme sports) can result in higher premiums or exclusion riders.