What Is The Cost Of Whole Life Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are two distinct ways to answer this question. If you want to know the premium for a particular policy today, you will find that depending upon your age that it will be a multiple of a one year term policy of the same amount. If you are looking at how much you will pay over an extended period of time, the whole life policy will normally be much less expensive than the term policy. So the answer is, “more than term now, less than term over the long haul.”
    Answered on September 23, 2014
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  2. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What is the cost of whole life insurance? The cost is determined by several factors, but the main aspects of pricing are the applicant's age, height, weight, tobacco use, health history and current health including labs. The cost will vary by classification, what you might pay for coverage will depend on what classification you best fit.
    Answered on October 16, 2015
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