What Does Per Unit Mean In Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Per unit in life insurance is usually referring to the annual cost of coverage per unit. A unit is $1,000 of life insurance protection. Therefore, if, e.g., you are being quoted $5.00 per unit, you would be paying $500 per year for $100,000 of life insurance.
    Answered on December 10, 2013
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