primary factor for determining premiums for whole life insurance policies is the:

The primary factor for determining premiums for whole life insurance policies is the age of the insured. Underwriters consider the age of the applicant because it plays a crucial role in assessing the risk associated with providing life insurance coverage. Younger individuals generally pay lower premiums as they are statistically less likely to die in the near future compared to older individuals. Other factors, such as health status, lifestyle, occupation, and the amount of coverage selected, also influence premium rates, but age remains a key determinant.

In summary, while multiple factors can impact the cost of whole life insurance premiums, the age of the insured person is the most significant aspect that underwriters examine.