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. 4735 POINTS
    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
  3. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Life insurance usually costs under $100 per month. The age of the Insured, the length of time that the price is locked in, the health of the person being insured, and the type of policy all enter into the cost. And of course, it depends on how much life insurance you want.
    Answered on September 20, 2014
  4. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>