There are many factors that life insurance companies take into account when calculating premiums. Some of the main factors include the insured person's age, gender, health history, and lifestyle.
Generally, the younger and healthier someone is, the lower their premium will be. This is because they are less likely to die prematurely than someone who is older or has health issues.
Gender also plays a role in determining premiums. In general, women tend to live longer than men, so their premiums are usually lower.
Other factors that can affect premiums include whether the person smokes, their occupation, and whether they participate in risky hobbies. People who smoke or have hazardous jobs will typically pay higher premiums than those who don't.
Ultimately, the amount someone pays for life insurance will depend on their individual risk profile.