I am looking for information on how term life insurance policy is calculated. I have seen a few articles that say it is based on the age of the person, but I am not sure if this is accurate. Can someone please explain how term life insurance policy is calculated?
The most important factor in determining the cost of a term life insurance policy is the age and health of the individual. Other factors can include the length of the policy, the amount of coverage, and the smoker status of the individual.
