Policygenius Releases October Life Insurance Price Index
The October index shows that life insurance prices for healthy applicants decreased slightly from September to
"As we continue to navigate an unprecedentedly challenging time, we're seeing some small pricing fluctuations in life insurance, particularly for smokers and seniors,"
Insurance rates can vary as the market fluctuates, as well as when a shopper's personal profile changes. Life insurance prices are primarily based on life expectancy while also factoring in personal details about an individual, including age, medical history and hobbies. Prices also depend on the length of a policy and how much coverage a consumer opts to get.
The prices included in the Policygenius Life Insurance Price Index are based on internal actuarial rate tables for 11 of the life insurance carriers that offer policies through the Policygenius marketplace. The prices represent the average monthly premium for each sample customer profile1 (age, gender) and policy type (term, coverage amount) as of
About Policygenius:
Policygenius is the nation's leading online insurance marketplace, with headquarters in
1 Monthly averages are based on 11 products available through Policygenius for the indicated profile; rates for those products may vary by state, and not all products are available in all states. Individual rates may vary, depending on age, gender, state, health profile and other eligibility criteria.
For more information:
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SOURCE Policygenius
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