What factors affect my life insurance premium?

Life insurance premiums are determined by a combination of factors that collectively estimate your mortality risk. Understanding these factors helps you manage what you can control.

Age is the most fundamental factor: the older you are at application, the higher your premium. Sex matters in most states—historically, women have lower premiums due to longer average life expectancy, though some carriers now use unisex rates. Health is evaluated comprehensively: height and weight (BMI), blood pressure, cholesterol, family medical history, and chronic conditions all influence your rate class.

Tobacco use is a major factor—users typically pay two to three times more than non-smokers. Occupation matters: hazardous jobs (mining, logging, commercial diving) carry surcharges. High-risk hobbies like skydiving, scuba diving, and private aviation also affect premiums.

Finally, policy type, coverage amount, and term length all affect cost. Longer terms and higher face amounts cost more. Preferred health classes—achieved through excellent health metrics—can reduce premiums by 30–50% compared to standard rates. Agents in our network can help you understand where you're likely to be rated before you formally apply.