Comparing rates is an important step to getting the right policy for you, at the right price.
There are many factors that go into calculating the cost of your life insurance premiums. And each life insurance company has different methods for weighing out the risk of insuring someone, but here are the main things that impact your rate:
- Lived gender
- Smoking status
- Personal health
- Driving history
- Risky hobbies
Because every life insurance provider has a different approach to calculating the risk of covering you, rates will vary. On top of this, for some companies, rates can trend higher because of the administrative costs and advisor commissions.
PolicyMe’s licensed advisors don’t receive commissions. Our promise is to never pressure or upsell more coverage than you require. In fact, we'll even tell you if don't require life insurance.