DG Life Group

💭 How is life insurance priced?

It’s not random — it’s based on risk.

Insurance companies look at five main things:

1️⃣ Age – The younger you are, the cheaper it is. Waiting almost always means higher rates.

2️⃣ Health – Blood pressure, weight, medications, medical history — all impact your rate class.

3️⃣ Lifestyle – Smoking, high-risk hobbies, and travel can increase premiums. (Smokers often pay 2–3x more.)

4️⃣ Coverage Amount – More coverage = higher premium, but cost per $1,000 often decreases at higher amounts.

5️⃣ Policy Type –
• Term = lowest cost
• Whole Life = lifetime coverage with guarantees
• IUL = lifetime coverage with growth potential

Here’s what many people don’t realize:
Two people the same age can pay very different premiums depending on health and which company they apply with.

That’s why comparing carriers matters.

The best time to lock in coverage?
When you’re young and healthy.

If you’re curious what coverage might cost you, comment “QUOTE” or send a message with your age and coverage goal.