Why would term life insurance costs be different for two people who are the same age? a. the insurance costs would differ based upon the equity index. b. the insurance costs would differ based upon state statistics. c. the insurance costs would differ based upon coverage requirements. d. the insurance costs would differ based upon health profiles, age and coverage. e. none of the above.

The correct answer is D) the insurance cost would differ based upon health profiles, age, and coverages.

Term life insurance cost can be different for two people that are the same age because the insurance cost would differ based upon health profiles, age, and coverages.

A term life insurance covers an individual for a period of time that is specified in the contract. The length of the term varies according to the options the person chooses to pay to have the coverage. The individual can have insurance for 20 years –for example- and keep on with the renovation every five years. Among the particular characteristics, term life insurance cost can be different for two people that are the same age because the insurance cost would differ based upon health profiles, age, and coverages.

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