Term premiums have fallen steeply in recent years as a result of lower mortality rates and firms competing to sign up buyers who shop around, in some cases using Internet sites that compare policies, offer quotes, and provide online applications or referrals. Most insurers, for simplicity's sake, will likely adhere to the new rules even in states that don't require it. Policies with rates fixed for five or 10 years may be least affected, but insurers could boost prices on longer guarantees or discontinue them. People sometimes overpay by buying much lengthier coverage than they need and canceling before the term expires. The basic goal of buying insurance is to supplement your survivors' income so that, for example, a mortgage is paid, children are educated, and a spouse is comfortable.
Females pay less than males, and nonsmokers pay a lot less than smokers.
Weiss Ratings is known as a particularly tough judge.