What Is Life Insurance Cost Index? 
Life Insurance Cost Index is a tool that assigns a number to your policy based on comparisons with other , similar policies . When I say similar , I mean not just the the type of policy is similar , but you must compare similarities all across the board : health class you qualify for , how long you will be paying the premium , etc. . The index takes into account the value of your money over time , dividends collected , premiums paid , and cash value accumulated . Generally , lower indexes indicate a better deal . 