1. David RacichPRO
    Fountain Hills, Arizona
    There are so many factors in pricing your life insurance, it's impossible to estimate the cost. How much do you need? How long do you need it? What gender are you? Are you smoker? Are you healthy? Is your family health history good? Do you have dangerous recreational activities? Is your motor vehicle record clean? Do you  have substance abuse problems with drugs or alcohol? Do you have a felony? Is your credit good? Just to name a few of the factors that enter into the price tag of life insurance.
    Answered on May 12, 2013
  2. Jerry Vanderzanden, CLU, ChFCPRO
    Co-Founder, Coastal Financial Partners Group, California
    It depends on how much you need and for how long you need it. Your health and lifestyle matters as does the type of product you need.

    Term life insurance can cover a temporary need and is very affordable. For example, assuming a male age 40 needs coverage for 30 years, and is in excellent health, it may be possible to obtain $500,000 coverage for a level premium for that duration that amounts to a little more than $2 per day.

    For lifetime coverage that you cannot outlive, you would need to consider permanent (cash value) life insurance coverage and the cost for that is higher.

    Older and less healthy people pay more. Be sure to meet with a life insurance professional who can assist you with the right solution for your needs.
    Answered on May 13, 2013
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