Average Life Insurance Rates for 2022

Your Health and Life Insurance Rates

After age, health conditions arguably affect life insurance rates the most.

There are countless medical conditions out there ranging from mild allergies to stage 4 cancer. If the condition affects your mortality risk, then the life insurance companies are going to evaluate it thoroughly when reviewing your application.

If you have a medical condition, you will benefit by applying for life insurance through Quotacy. As a life insurance broker, Quotacy has access to policies from over 25 of the nation’s top-rated insurance companies.

Not all life insurance companies evaluate medical conditions in the same way. While one insurer may offer Standard rates to an individual diagnosed with depression, another may be more lenient and approve Preferred.

Shopping your application across multiple life insurance companies ensures you get the best rate possible. Quotacy does this comparison shopping for you.

With expertise and professional relationships with these insurers, we match you to the best carrier option and advocate on your behalf.

Your Family’s Health History and Life Insurance Rates

Health can be genetic. I bet you know someone who eats like a horse while not gaining a pound and says “I have good genes.” This may very well be accurate.

Genes can play a huge role in certain aspects of your life. While your personal decisions play a stronger role, insurance companies still want to know a few things about your immediate family members.

Insurance companies want to know if any parents or siblings have been diagnosed with or died as a result of heart disease, diabetes, or cancer. If you can answer “Yes,” you’ll likely need to provide a bit of background information. If the condition is something you could inherit, your rates may be affected.

Your Smoking Status and Life Insurance Rates

This is another big one. The life insurance rates for a smoker when compared to a non-smoker are quite substantial.

Life insurance rates are split into two broad categories: smoker and non-smoker rates.

Cigarette use is the main form of tobacco that receives a smoker rate. Other forms that may also receive smoker rates include chewing tobacco, pipe smoking, cigar use, vaping, marijuana, and smoking cessation products, like Nicorette patches.

How often you use the tobacco product, in addition to any other risk factors you may possess, will determine if you qualify for Preferred Smoker or Standard Smoker rates.