How Much Should You Pay For Life Insurance? 
The amount you should pay for life insurance depends on many factors . E.g. Your age -LRB- the older you are , the more life insurance costs -RRB- , the type of coverage -LRB- the longer the premium is locked in for , the higher the price -RRB- , and the risk -LRB- if you have health conditions or other risk factors , the price is higher -RRB- . It is important to only pay for the coverage that you can afford , yet that will meet the needs of your family or business . It is important to obtain guidance from an ethical agency that can help you determine the type of coverage you need for the lowest premium . 