That's a really tough question to answer. There are a lot of factors that determine term life insurance premiums. Every policy is unique and meets the need individually. Your rates are determined by age, build, health status, life style, occupation and state of residence. I highly recommend using an experienced life insurance broker who can shop multiple companies to find the best product and best price for your unique situation. Most of us do not charge for our expertise.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Good rates for term life insurance are the lowest rates from a given carrier you can qualify for for the desired face amount and term length of coverage.
The premiums for any life insurance policy are determined by the risk classification the carrier will approve you for. The better the risk class you qualify for, the lower your rates will be. The risk classification is dependent upon a number of factors including, but not limited to, your age, gender, height/weight profile, medications you may be taking, medical conditions you may be being treated for, family medical history, and any tobacco usage.
Please note, every carrier has their own set of underwriting guidelines so, depending on your medical history, you may qualify for a better risk class with one carrier than another. This is why it's important to shop the case among a number of carriers to make sure you're getting the lowest rates for the desired coverage amount and term length - this does not mean apply to many companies (applying to multiple companies works against you). It means review your medical background with an experienced, independent life insurance broker who can shop the case for you to determine which carrier will work best for your medical history and offer you the lowest rates. Insurance brokers do not charge any fees for their input so you can only help yourself by speaking with one.
I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage, provide quotes, and policy comparisons, and if you have any other questions. Thanks very much.
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The premiums for any life insurance policy are determined by the risk classification the carrier will approve you for. The better the risk class you qualify for, the lower your rates will be. The risk classification is dependent upon a number of factors including, but not limited to, your age, gender, height/weight profile, medications you may be taking, medical conditions you may be being treated for, family medical history, and any tobacco usage.
Please note, every carrier has their own set of underwriting guidelines so, depending on your medical history, you may qualify for a better risk class with one carrier than another. This is why it's important to shop the case among a number of carriers to make sure you're getting the lowest rates for the desired coverage amount and term length - this does not mean apply to many companies (applying to multiple companies works against you). It means review your medical background with an experienced, independent life insurance broker who can shop the case for you to determine which carrier will work best for your medical history and offer you the lowest rates. Insurance brokers do not charge any fees for their input so you can only help yourself by speaking with one.
I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage, provide quotes, and policy comparisons, and if you have any other questions. Thanks very much.