What factors affect the premium rates for life insurance policies with Garden State Life Insurance?

Several factors impact the premium rates for life insurance policies with Garden State Life Insurance. These factors include the age of the insured individual, as younger policyholders generally receive more affordable rates. Additionally, the type and duration of the policy chosen play a significant role. Policies with higher coverage limits or longer terms may have higher premiums. The insured's overall health and lifestyle habits also come into consideration, as pre-existing medical conditions or risky behaviors might result in increased premiums. Moreover, the chosen coverage amount, whether it is a term or permanent policy, and any additional riders or add-ons selected can affect the premium rates. Garden State Life Insurance Company carefully evaluates these factors to determine appropriate premium rates that align with the specific risk profile of each applicant.