Life insurance rates depend a lot on your age, your overall health and the type of policy you buy. If you’re in excellent health or younger than the average policyholder, you’ll generally qualify for the best life insurance rates possible. If you’re older or suffer from an existing medical condition, the price of your policy will increase.
Life insurance companies rely on different data sets to price policies, which is why it’s crucial to shop around before buying a policy you’ll have for decades or your entire lifetime. By shopping around, you’ll learn the average cost of a policy for someone of your age and health and get closer to finding the best life insurance rates for your situation.