1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The variables upon which life insurance is priced are your age, sex, health conditions, occupation, hobbies, and the health history of your family.  This is then factored against how much coverage you desire and how long you want the coverage to last.  It is a very complicated process.  Life insurance could be less than $10 per month for a small policy, again depending upon the factors that I mentioned.
    Answered on June 4, 2014
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The cost of life insurance per month depends on the insured person's health, age, gender, build, and tobacco status. It also depends on what type of insurance you get. Generally speaking, the shorter the time the premium is locked in to stay the same, the lower the premium will be. But then when the guaranteed period is over, you have to pay way more to continue it, or buy a new policy that is dependent on your age and health at that time.

    You can run some term quotes online with free quote engines, but keep in mind that your health may not qualify you for the rate shown. Just give the website a call to be sure you qualify for the policy you want, and get the type of coverage that works best for your needs.
    Answered on June 9, 2014
  3. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    This is a very common question with a very complicated answer. It is like asking a realtor how much a house costs? Which house? There is a big difference between a 10,000 square foot mansion and a doublewide house trailer. When purchasing life insurance the amount, type of policy and risk is equally as important.
    There are different types of policies like whole life, universal life, indexed universal life, variable life and term life. Within each one of these, there are additional choices. Once the policy type is selected, then the need or face amount must be selected.
    Once the coverage is selected, then we get into the risk factors of establishing premiums. These factors include your age, build, residence, income, net worth, health history, life style and current health conditions. All of these factors are taken into consideration in order to be accurate in determining a quote.
    I highly recommend using a trusted independent life insurance broker to help you accurately navigate this maze and find you the best coverage at the best price for your unique situation.
    Answered on April 10, 2015
  4. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    The premiums for Life Insurance are based on multiple criteria. First what type of life insurance? Term? Universal? Whole Life? In every case the age, health condition and sex of the insured as well as the "Face Amount" or Death Benefit are primary factors. Do you use tobacco? Do you engage in hazardous activities either as part of your job or for fun?

    If you're looking at term insurance - how long of a term?

    Then there are "riders" you may want to include such as 'Accidental Death', or Long Term Care. And then different companies have different pricing. A simple answer to "how much are monthly premiums for Life Insurance" simply isn't possible.
    Answered on July 1, 2015
  5. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    How much does life insurance cost? Cost is determined by age, health, lifestyle and amount sought. The younger you are, the lower the cost. Your good health creates discounts in cost. Likewise poor health creates increases in cost. Lifestyle will also influence cost. Risky activities like sky diving, auto racing, mountain climbing may create a surcharge on your policy. Face amount also effects cost. The larger the policy the lower the cost per thousand of coverage.
    Answered on March 10, 2018
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