What Is The Cost Of Critical Illness Insurance?

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    David RacichPRO
    Fountain Hills, Arizona
    It depends on gender, age, smoking status and existing health conditions as well as medical history.
    Benefits can range from $5,000 to $50,000 Lump-Sum Cash Premium Payment.  Here are some single lump sum premium estimates on nonsmoking male and females for a $50,000 benefit:
    Male Age 40       $710 - $750                        Female$510 - $550          
    Male Age 45       $915 - $955                        Female $665 - $715         
    Male Age 50       $1,165 - $1,199                   Female $795 - $840         
    Male Age 55       $1,430 - $1,475                   Female $920 - $960         
    Male Age 60       $1,665 - $1,715                   Female$1,050 - $1,125   
    Answered on June 8, 2013
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    Peggy Mace
    Most of the U.S.
    The cost of a $50,000 critical illness policy averages approx $50/mo for 40 year old person in the Midwestern US. That same policy averages a premium of about $150/mo for a person aged 60, and only about $20/mo for a 20 year old. You are able to purchase more than $50,000 in the middle aged years.
    Answered on July 28, 2013
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