There are several factors, including your health, that are used to determine how much you pay for your life insurance policy
All of those factors can be grouped underneath these key variables:
How long you want coverage
How much coverage you need
Your health and lifestyle
Your age and gender
When you apply for certain types of life insurance, such as term life insurance or whole life insurance, you are typically required to complete a medical exam and a health questionnaire. The results help give life insurance providers insight into your current health status, your health history, and your family's health history, among other things. All of this information is used to assess your risk of passing away prematurely. As a result, the lower your risk, the lower your premiums may be.