1. How Does Gerber Life Determine the Premium Rate for my Life Insurance Policy?

    Multi-Generational Family PortraitMany factors contribute to what kinds of life insurance a family purchases and how much is spent. Young families may peg life insurance protection as a budget must-have, to have some financial security should the primary breadwinner die prematurely. Families on a budget may want to pay their insurance premiums monthly, as the paycheck comes in. In the same vein, many factors contribute to how insurance companies establish insurance rates.

    How are premium rates determined for life insurance?