A good life insurance rate is preferred nonsmoker. But a great life insurance rate is super preferred nonsmoker. Packaging your medical profile and positioning it the right light can really make a difference in the price you pay for life insurance. Half of Americans, who own life insurance, are paying the wrong rate class.
A good life insurance rate would depend on the type of life insurance you get and your age and health.
If you are getting 10 year term and have to reapply every 10 years, then paying 1% of your annual salary would be a good rate in your 20's, if you have excellent health. If you are in your 60's, paying 10% of your annual salary for 10 year Term would not be a bad rate, even for a person of excellent health.
If you purchase permanent insurance, you may start out paying 10% of your salary in your 20's, but then by the time you reach your 60's, the policy is paid up and you owe nothing.
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If you are getting 10 year term and have to reapply every 10 years, then paying 1% of your annual salary would be a good rate in your 20's, if you have excellent health. If you are in your 60's, paying 10% of your annual salary for 10 year Term would not be a bad rate, even for a person of excellent health.
If you purchase permanent insurance, you may start out paying 10% of your salary in your 20's, but then by the time you reach your 60's, the policy is paid up and you owe nothing.