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What are the important elements in computation of premium in case of life insurance?

I'd like to ask this question from Insurance topic

The question was asked in an online quiz.

Other related questions to my question are:-

How is life insurance premium calculated?

What is most important in determining your life insurance premium rate?

What are the 4 required elements of an insurance contract?

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Correct answer for this question is: - Your age. Insurance companies look at your age because that can predict the likelihood that you'll need to use the insurance.   

- The type of coverage. In general, you have several options when you buy an insurance policy.   

- The amount of coverage.   

- Personal information.   

- Actuarial tables.

The title of my answer can be How to Calculate Insurance Premiums

The heading of my answer can be How to Calculate Insurance Premiums

The reference of my answer is Investopedia

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