How Common Factors Generally Influence Life Insurance Premiums:

• Age: Generally, premiums are lower for younger applicants and increase with age.
• Gender: Statistically, life expectancy can differ by gender, which may be a factor in premium calculation by some insurers.
• Smoking Status: Smokers typically face significantly higher premiums due to associated health risks.
• Health Status: A better overall health status generally leads to lower premiums. Pre-existing conditions may increase costs.
• Coverage Amount: Higher coverage (death benefit) amounts naturally result in higher premiums.
• Policy Term: For term life insurance, longer terms usually have higher premiums than shorter terms for the same coverage amount, as the insurer's risk period is extended.

This tool provides a simplified, illustrative estimate based on general factors. Actual premiums are determined by insurance companies through detailed underwriting and vary based on individual circumstances, specific policy features, and regional considerations.