How to determine average life insurance cost per month.

6 core factors determine the average cost of life insurance — your age, gender, state, tobacco use, coverage amount, and product type. Most life insurance companies offer 6 rate classes as well.

  • Preferred Plus
  • Preferred
  • Standard Plus (some carriers don’t off this class)
  • Standard
  • Preferred Smoker
  • Standard Smoker Rates

Insurance companies use many factors to estimate your rates which we explain more about below.

So when you ask, how much is life insur