Life insurance through your workplace may be more affordable than you think. In fact, many people can get term life insurance coverage from a quality company for a surprisingly low price.1
Premiums are typically based on factors such as:
- Age, sex, height and weight
- Health status, including whether or not you smoke
- Participation in high-risk occupations
Life insurance gets more expensive as you get older, and the type of coverage you choose will also affect your premium. Rates for term insurance are typically lower, while rates for permanent policies are typically higher.