Which factor does NOT impact life insurance premium rates?

The factor that does not impact life insurance premium rates is producer certification. This aspect refers to the qualifications and licensing of the insurance agent or broker who sells the policy. While producer certification is essential for ensuring that agents are knowledgeable and compliant with regulatory requirements, it does not directly influence the premium rates set by the insurance company.

In contrast, factors such as expense, interest, and mortality significantly impact life insurance premium rates. The expense factor includes the costs associated with administering the policy, which can influence how much the insurer needs to charge to cover these overheads. The interest factor pertains to the returns on the investments made by the insurer with the premiums, affecting how much premium income can offset claims. Lastly, the mortality factor is based on statistical data regarding life expectancy and death rates within the insured population, directly influencing the calculation of risk and, therefore, the premium amounts.