Choosing affordable life insurance does not need to be an imposing task. When undergoing this process, you should know that a unique phenomenon has been happening in the last few years in the industry. That is, premiums have steadily come down. This is in total contrast to the costs of auto or homeowners insurance which has been increasing.Especially if you are in good health, you can get a highly affordable life insurance policy with good coverage for less. The life expectancies of people are increasing and therefore the life span of people has also increased. As a result, people pay life insurance premiums for a longer duration.There are a few factors that have made this type of insurance as affordable as it is today. The trend in the insurance industry is that term insurance policy premiums are now being revised according to the health condition of the customer, unlike in the past. In the past, only three classes of life insurance namely, preferred, standard and smoker policies were available. The insurance premium used to be the same for everybody irrespective of the health condition of the customer.Now, the risks are assessed taking into account the health condition of the individual. The insurance companies consider an individual with the right weight, low cholesterol and no family history showing any major ailment as a good subject for life insurance than another individual with a not-very-healthy but average health. The companies have performed scientific studies which has led to now offering five to seven classes of premiums. A healthy person gets the best and affordable life insurance premium rate.Considering the above facts, it is vital that you should do sufficient research for getting affordable life insurance. You may observe that a company that offers a good premium to one individual may not offer such good premium rates to another. So, you can choose the most suitable and affordable life policy only by doing good research. Online research and comparison make it much easier.In general, a term insurance policy is good for almost everybody. If you have plans to change to a cash-value policy in the future, you may want to opt for a whole life policy.When you attempt to choose the right amount of coverage, you should keep in mind certain points apart from comparing premiums. In general, at certain levels such as $250,000, $500,000 and $1 million, companies lower the premium rates. So, you can benefit if you round up your insurance amounts to one such level.You should also choose major insurance companies and compare their rates. Online search makes things simpler but you should ensure that you understand all the points of the insurance policy before you sign your insurance application.