What are some of the factors that are considered when calculating a life insurance premium? How does the insurance company determine how much to charge for a policy?I am looking to purchase a life insurance policy and I want to make sure that I am getting the best deal possible. I know that there are many factors that go into the calculation of a premium, but I am not sure what all of them are. I would appreciate any information that anyone can provide.
Life insurance premiums are calculated using a number of different factors, including your age, gender, health, and the type of life insurance policy you choose. Your insurance company will also consider your lifestyle and occupation when determining your premium.