What Is A Life Insurance Quote? 
Imagine that there are 100 people your age wanting $ 100,000 of life insurance . The company actuary determines that in the coming 12 months on average 1 of you will die . So the base premium for a policy would be $ 100,000 / 100 = $ 1000 . The underwriter then looks at the medical information on all 100 applicants and determines who is close enough to the average to be considered `` standard . Some of the applicants will not be acceptable at all , while others will be is such great shape as to be considered preferred plus . When you get a quote you will probably get either a standard or preferred quote . If you fall into that category you can expect the premium to be the same when the policy is issued , if you dont you can expect the premium to be either higher or lower . As I mentioned before someone might not be insured at all . 