Life insurance companies use what is called a Life Insurance Mortality Table (aka actuarial table or life table) to come up with policy rates. This table takes your age and calculates how many years you have left to live if you live to the average life expectancy. As expected, if you are a senior, you'll pay more for coverage.
|Remaining Years of Life|
This table was issued in 2013 by Division of Vital Statistics, National Center for Health Statistics, Center for Disease Control.