The cost of life insurance premiums is influenced by several factors, including age, health condition, lifestyle habits, and occupation. However, one factor that typically does not affect premiums is the insured person’s home address. Life insurance companies assess risk primarily based on factors that affect mortality, such as medical history, family history, and high-risk occupations or activities.

Premiums for life insurance tend to increase as you age because the risk of death naturally increases over time. Health conditions such as heart disease, diabetes, or a history of cancer can also raise premiums. Occupations that involve high-risk activities, such as firefighting or deep-sea diving, can increase premiums as well. However, geographical location generally does not play a role in determining life insurance rates.