The cost of whole life insurance is based upon several factors. Factors impacting your premium rates include age, occupation and health history. The older you get, the higher your rates tend to be. If you’re considering whole life insurance, starting your coverage as early as possible is best. Your rate will also vary greatly depending on how much you as a policyholder are paying in. The higher the face amount of the policy, the higher the premium. Be sure to reach out to an agent about questions related to your coverage rates.