How much does life assurance cost?
Your premium will vary depending on the type of policy, the size of the sum insured and the risk of a claim – if you have a dangerous job, for example.
Also, age is a factor, so life insurance will be more expensive for an older person. Similarly, if a customer is in poor health, they can expect to pay a higher premium.
The insurer will consider occupation, hobbies, lifestyle – such as weight and fitness – to help determine their premiums.