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How much you pay for life insurance depends on 3 major factors

how much does life insurance cost

  • How much life insurance costs depends how much coverage you want, the type of policy you get, and how much risk you pose.
  • Life insurance companies independently decide how much risk you pose, considering factors like age, health history, a medical exam, and what you do for work.
  • Smoking is considered one of the biggest risk factors across the board. Nicotine users can pay two to three times more for a premium than the average person.
  • Term life insurance is typically the cheapest type of policy because it lasts for a fixed period of time.
  • According to Policygenius, read more >>>

    Source:: BusinessInsider.Com