Natalie Colley Quoted by MoneyGeek on What Are the Best Life Insurance Companies of 2023
What Factors Impact Your Policy Cost?
Natalie Colley, Lead Advisor at Francis Financial was recently quoted by MoneyGeek on identifying the best life insurance companies of 2023.
Age: One of the most impactful cost factors when you apply for life insurance is your age. The older you are, the more expensive your policy will be. Generally, the younger you are, the healthier you are, which can also have a positive effect on your life insurance premium and allow you to lock in a lower rate.
Gender: Women usually pay less for life insurance than men because they tend to have a longer life expectancy and are statistically less likely to participate in risky activities based on actuarial data. However, some states prohibit the use of gender as a basis for life insurance premiums.
Learn more about the financial planning and wealth management process and contact Francis Financial today.