How Much Does A Life Insurance Policy Cost? 
The cost of life insurance depends on many factors . 1 -RRB- How much life insurance you want to get 2 -RRB- How long you want the premium to be locked in . You can get anywhere from annually renewable term , where the price can go up each year , to permanent insurance , where the price never goes up . Usually , the longer you lock in the price , the higher the premium . 3 -RRB- Your health or other risk factors such as drug/alcohol treatment , dangerous hobbies such as parachuting , family history of early heart disease or cancer , etc. . A nonsmoker with perfect health , normal weight and no other risk will pay the lowest rates . 4 -RRB- Whether you want your policy to just give you death protection -LRB- Term Life -RRB- or build up a cash value to use in other situations -LRB- Whole or some Universal Life -RRB- . The latter costs more , but it also may simply reduce what you put away elsewhere . Life insurance can fit almost any budget . By talking to an agent knowledgeable about all of the above factors and able to compare prices , most people can find affordable life insurance . 