What Does Life Insurance Per Unit Mean? 
`` Life insurance per unit '' is the cost of life insurance per thousand dollars of coverage . Child Riders are priced per unit . E.g. a $ 10,000 child rider may cost $ 60 per year , or $ 6.00 per unit . Flat extras are also charged by unit . The insurance company may add on $ 7.50 per unit of life insurance for 3 years after having surgery for prostate cancer . For a $ 100,000 policy , that would add on $ 750 per year , but then the flat extra would drop off after three years and the policy would cost $ 750 less . You can also price your own policy if you know the cost of one unit of life insurance . E.g. . If you are buying a final expense policy that costs $ 50 per unit , a $ 10,000 policy will cost $ 500 per year . 