The cost of life insurance per month can range from a $10 or less, to hundreds of thousands of dollars or more. Why the big spread? Because the cost of life insurance is based on many things.
} Face amount. You can get life insurance in face amounts from $1,000 to millions of dollars.
} Type of policy. Life insurance comes in annually renewable term to permanent.
} Your health. People can have perfect health all the way to terminally ill.
} Your age. A policy for a baby will cost less than a policy for a 90 year old.
To find out the best monthly life insurance premium for you, contact a knowledgeable agent who can take your information and shop multiple companies to find the one that best suits your needs.
President, Lane Independent Agency, Southern California
There is a huge range in answer to that figure. I depends on your health, first and foremost, as if your health is bad, you may be completely uninsurable. If insurable, but in bath health, expect the premium to be much higher than if you are in excellent health. Then it goes by age, the younger the less expensive. Then what kind of life insurance do you want, permanent or term? Term starts out cheaper but become more expensive as years go by. Finally, how much coverage do you want. Certainly $3 millions costs much more than $100 thousand. A capable agent can find the best package to meet your needs and abilities. Gary Lane, Agent, New York Life, 949 797 2424.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
That is a tough one, and my colleagues have pretty much hit the nail on the head. Life insurance pricing is based upon the type of product, amount of coverage and age, health and sex of the insured. Because of that there is qiute a wide range of premiums that can be paid. The best thing to do is talk to your INsurance professional to see what your options may be so develop a solution that fits both your needs and budget.
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} Face amount. You can get life insurance in face amounts from $1,000 to millions of dollars.
} Type of policy. Life insurance comes in annually renewable term to permanent.
} Your health. People can have perfect health all the way to terminally ill.
} Your age. A policy for a baby will cost less than a policy for a 90 year old.
To find out the best monthly life insurance premium for you, contact a knowledgeable agent who can take your information and shop multiple companies to find the one that best suits your needs.