To see what a million dollar life insurance policy would cost for you, go to a website like ours that offers "instant" free quotes. There you can put in your gender, date of birth, height, weight, and even some health answers, so that you can see what a million dollars of coverage would cost for you.
You will notice that the premium will be much lower if you pick a shorter term. That is because the rate will be locked in for a shorter period of time, and then you will need to get a new policy. To see what your new policy could cost at that age, you can use the same quote engine. But keep in mind that your health may not be as good then as it is now.
Please feel free to call to discuss any variables or to see the price for $1,000,000 of permanent life insurance. It can be a lot of fun to mess around with quote engines and see what different face amounts may cost for different people.
President, Lane Independent Agency, Southern California
The answer depends on the following facts: 1. Do you want Term (temporary) or Whole or Universal (both permanent); 2. Your Age; 3. Your Health; 4. Do you have a hazardous occupation; 5. Do you smoke, including e vapors, and if not, have you ever. Term is the least expensive at first, but after a few years becomes the most expensive, and may not even be available to you if your health deteriorates. Permanent locks in your premium for the rest of your life and is always there for you. If you go with the cheapest term, depending on the factors above, you might get $1,000,000 for as little as $200 a month, or if older, as much as over $1,000. You need to discuss all your options with an experienced agent. Thank you. GARY LANE.
.JPG){kind=avatar}
You will notice that the premium will be much lower if you pick a shorter term. That is because the rate will be locked in for a shorter period of time, and then you will need to get a new policy. To see what your new policy could cost at that age, you can use the same quote engine. But keep in mind that your health may not be as good then as it is now.
Please feel free to call to discuss any variables or to see the price for $1,000,000 of permanent life insurance. It can be a lot of fun to mess around with quote engines and see what different face amounts may cost for different people.