Life insurance is a contract between you and an insurer. The life insurance premium varies by locations, insurance companies and, more importantly, a person's own health, age and life styles. In this article, we will go through the factors of the life insurance premium and what types of life insurance you can purchase.
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What factors impact the cost of Life Insurance?
- Age
- Gender
- Smoking
- Health
- Lifestyle
- Medical History
- Driving history
- Bundling of auto and home policies
- Term length
The common types of life insurance
As you may have heard lots of types of Life Insurance, there are primarily two major types of life insurance: term and whole life. Usually, life insurance sold to individuals are different than those for groups. Below we can find more information about those two major types of life insurance.
- Term life insurance
Term life insurance is the simpler than other types of life insurance. It pays only if death occurs during the term of the policy is effective, which you can choose usually between 1 to 30 years.
- Whole life insurance
Whole life insurance sometimes also is called permanent life insurance. It pays a death benefit whenever you die. It can be further categorized as traditional whole life, universal life, or variable universal life.
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Life Insurance Rates for Cities in Alabama
We compiled data about Renters Insurance rates for every city in Alabama. This list is updated on Jan 06, 2020. A word of caution, as you explore the list below, there is no doubt you will find a wide price range.
- Alabaster
- Albertville
- Alexander City
- Andalusia
- Anniston
- Arab
- Athens
- Atmore
- Attalla
- Auburn
- Bay Minette
- Bessemer
- Birmingham
- Boaz
- Center Point
- Chickasaw
- Clanton
- Cullman
- Daphne
- Decatur
- Demopolis
- Dothan
- Enterprise
- Eufaula
- Fairfield
- Fairhope
- Florence
- Foley
- Forestdale
- Fort Payne
- Fort Rucker
- Fultondale
- Gadsden
- Gardendale
- Greenville
- Guntersville
- Hamilton
- Hartselle
- Helena
- Homewood
- Hoover
- Hueytown
- Huntsville
- Irondale
- Jacksonville
- Jasper
- Lanett
- Leeds
- Madison
- Millbrook
- Mobile
- Monroeville
- Montgomery
- Moody
- Mountain Brook
- Muscle Shoals
- Northport
- Opelika
- Opp
- Oxford
- Ozark
- Pelham
- Pell City
- Phenix City
- Pleasant Grove
- Prattville
- Prichard
- Rainbow City
- Roanoke
- Russellville
- Saks
- Saraland
- Scottsboro
- Selma
- Sheffield
- Smiths
- Southside
- Sylacauga
- Talladega
- Tarrant
- Theodore
- Tillmans Corner
- Troy
- Trussville
- Tuscaloosa
- Tuscumbia
- Tuskegee
- Valley
- Vestavia Hills
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