1. 5082 POINTS
    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    How much you pay for life insurance depends on a number of factors. Your the amount of coverage, current age, health, smoking status, occupation, hobbies (skydiving) and other underwriting considerations.

    In addition.how much you pay depends on what type of insurance you require and how long you need it for. Do you want or need additional benefits or features for example.is cash vale desired? Do you want the coverage to be paid up after a number of years?

    Since the premiums for coverage can vary significantly by company and type of coverage, you would be better by working with an independent broker who can help you find the right policy at the right price. In order for you to get a point of reference, there are a number of online quoting services available. If you go that route, be sure and compare the total premiums you will pay, not just the initial.

    If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.

    If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
    Answered on May 9, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    Great question! To give you an accurate answer, I'd need a lot more information - age, sex, smoking or non-smoker; The status of your health currently, and over the past few years; How much coverage you would like, and whether you have an occupation or hobby that puts you at risk. All of those things will affect the price of your policy. I can give you a better idea if you'd like to contact me with details, otherwise I'd advise you to contact a local independent agent who can give you an idea. Thank you for asking!
    Answered on May 9, 2014
  3. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    Anywhere from $20 to over $1000 per month! There are a lot of variables that determine what the premium will be for YOUR life insurance policy. THe biggest determining factors are: age, health, gender, how much insurance and then which kind, (term, universal, Whole Life, etc), and then which insurance company your buy from.

    Best advise is to work with an experienced Insurance Adviser who is also a Broker and can help you determine what will work the best for you depending on your goals and needs.
    Answered on September 22, 2015
  4. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>