Why Does Life Insurance Cost So Much In Utah? 
As stated above premiums for same type and coverage for the same individual for life insurance are very similar throughout the States . So the question really becomes , `` Why are premiums for life insurance as much as they are ? '' Factors that influence the premiums include age and health of the insured , the amount of benefit being purchased , and the kind or variety of life insurance being purchased . There are at least 10 different kinds of life insurance . Typically people think of the two basic `` genres '' of life insurance : Term and Permanent . But there are a variety of policy types within those categories . If you think about it , Life Insurance is a terrific value for the money paid in ! Of course in the case of Term only the beneficiary receives the value or benefit , and that only in the case the insured dies before the term is up . In the case of Whole Life Insurance the insured can benefit greatly while alive and the beneficiary may also benefit in a significant way upon the death of the insured . Again , think of the amount of benefit versus the amount paid in . 