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When it comes to protecting the financial security of your family, getting a dependable life insurance policy is one of the most important things that you can do. When you die, a life insurance policy will serve to help cover your final expenses and to help your loved ones get by until they can replace the income with which you had provided them. Some people fail to get proper coverage, and their families often pay the price for that mistake. The good news is that getting life insurance is more affordable than some people think, but you will need to take several factors into consideration if you want to determine how much you will need to pay each month.

Smoker Status

If you choose to smoke, your habit will increase your risk of heart disease and cancer, serving to lower your life expectancy. Because most insurance policies take your health and risk of death into consideration, smoking can force you to pay higher premiums. People don’t always take this fact into account when they are searching for a life insurance policy, and their oversight damages their budget. Even if you are a smoker who does not plan to quit, knowing your options will give you leverage.


When it comes to life insurance, the gender of the insured will play a role in the monthly costs. On average, women live five years longer than men, and males often work at dangerous jobs that can result in a serious injury or death. These statistics mean that insurance companies are more likely to pay a claim for males than females, and men will need to pay more than women for their policies as a result. Although some people feel as though the price difference is unfair, it’s a fact that you will want to keep in mind.

Lower Your Life Insurance costs

Even though you won’t be able to manage all of the factors that determine your life insurance costs, some things are within your control. For example, if you work out on a regular basis, eat a healthy diet and see a doctor consistently, you will enjoy reduced premiums. Also, if you smoke, breaking the habit could benefit your budget. Some people don’t want to put in the effort to get in shape or to reduce the amount of junk food that they eat, and only you can decide what path makes the most sense for you.

Final Thoughts

The amount that you will pay for your life insurance policy will depend on the insurance company that you choose, but your health and lifestyle choices will also play a role. A 20-year-old woman who does not smoke can expect to pay $25 each month, but a 65-year-old man who smokes will need to pay as much as $2,000 every month to maintain his coverage. Those numbers are in the extreme, and you will likely fall somewhere in the middle. No matter what move you make, remember that waiting any longer to get a plan will result in increased monthly fees.