What Is A Good Price For Whole Life Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIn addition to the concerns about underwriting there are specific things that have a profound impact on the premium for a whole life policy. One factor is the age and sex of the person being insured. One of the reasons that this is so significant is that cash will be accumulating in the policy and that cash earns interest—compound interest so the effect is very important. So the younger the insured, the longer money will accumulate at interest so it takes less money to fund the contract.Answered on September 26, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! This is a very commonly asked question, and in each case, one that is impossible for us to answer. In order to give you even an accurate range of prices, we need a lot more information. We have no idea if you are male or female, how old you are, whether you smoke, or even how much coverage you were seeking. And that doesn't even touch the health questions...Please inbox me, or contact a local independent agent to give you a better answer, okay? Thank you for asking!Answered on September 27, 2014flag this answer
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