What drives the cost of life insurance policies?

Age, lifestyle and overall health determine the cost of insurance. The younger and healthier one is, the more cost-efficient their premium typically is. However, lifestyle is also taken into consideration. If one partakes in a high-risk lifestyle or has a dangerous occupation, then this will add to one’s premium. For example, smokers, drinkers, people who skydive or fly planes, firefighters, etc., will have higher premiums compared to the average individual.