1. 4249 POINTS
    Gary Lane
    President, Lane Independent Agency, Southern California
    The cost will vary widely, depending upon your age, health, medical history, occupation, whether you smoke, have a drug history, are married, and other similar variables. Whatever your personal situation may be, however, even if the cost were to go from $30 per month to $800 per month, or more, if you can pay it, get it. Short of getting a permanent policy, with a term, at least your family and loved ones are covered for a period of time. Insurance costs will only rise as your age increases and your health decreases. Get what you can afford and will continue to pay. That means if you cannot afford 500k, then at least get 100k or more, so you have something in place. Thank you. GARY LANE.
    Answered on July 18, 2014
  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Asking a life insurance agent how much life insurance costs is like asking a realtor how much a house costs. Which house? Which life insurance plan?

    There are entirely too many variables to answer that question. First is what is the need for life insurance and is there an insurable interest? In other words, does someone lose financially or become saddled with your debt at your death?

    Next are the underwriting questions to determine an accurate quote. We need your sex, age, build, health status, health history, life style, occupation, net worth, residence, and length of term or type of plan.

    It can vary over 14 rating classes as to which premium class you qualify for. I suggest using an experienced independent life insurance broker to shop the market to find the best product at the best price for your unique situation.
    Answered on October 6, 2015
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