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Cost of Life Insurance

The price of life insurance depends on many factors such as the size of the death benefit, your health, your age and gender, your habits, occupation, how long you need the cover for, whether or not you smoke etc. The healthier and younger you are, the lower your rates will be. These statistics are used to estimate the number of years the applicant can be expected to live. Policies for men are usually more expensive than those for women because men tend to live lesser on average.

Interest earnings represent an important factor in calculating premiums. The insurance company will invest premiums in real estate, mortgages, stocks, bonds etc. A second factor is the expense loading. Companies estimate such expenses as postage, legal fees, rent, agents' compensation, salaries etc. This cost can vary from one company to another, based on its efficiency. Finding low cost, affordable or cheap term life insurance does not have to be confusing. If you consider buying life insurance, make sure you choose a qualified insurance age that can help you compare the various options and costs before settling on a policy. Feel free to ask you agent as many questions as you want. Wait no longer, buy your life insurance right away!

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