It is impossible to give you a specific answer to your question without knowing more information.
Here are a couple of examples: For a male non-smoker age age 25, $500,000 would be $25.65 a month for a 10 Year renewable term and with the same company a 45 year old male non-smoker would pay $47.25 a month.
Thee are online quoting services you can use to give you a point of reference. An independent broker who deal with several companies can help you find the right policy at the right price.
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.
The cost of Term Life Insurance varies greatly, from a few dollars per month, to thousands of dollars per month. Some of the variable that affect the price are:
1) Age
2) Gender
3) Tobacco use
4) Build
5) Health
6) Other risk factors
7) Face amount of policy
8) Term length (generally speaking, the longer you lock in the premium, the higher the premium will be)
9) Whether you use a policy that requires an exam, or do not require an exam. For people with excellent health, taking an exam can usually bring down the price.
10) The company you use. Some companies are better for certain ages, term lengths, risk factors, etc, than other. That is why shopping with a broker who carries many choices can help you get the lowest price on your term life insurance.
Term Life Insurance is generally much less expensive than other forms of life insurance. However, in order to run quotes from all the major carriers, I would need your age, smoking status and the state you live in. To get even a more accurate idea of what the premium would be after underwriting we would want to discuss your health history.
Working with an independent agent will save you a lot of time and help you figure out which insurance carrier might be the best fit for your health history.
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Here are a couple of examples: For a male non-smoker age age 25, $500,000 would be $25.65 a month for a 10 Year renewable term and with the same company a 45 year old male non-smoker would pay $47.25 a month.
Thee are online quoting services you can use to give you a point of reference. An independent broker who deal with several companies can help you find the right policy at the right price.
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.
1) Age
2) Gender
3) Tobacco use
4) Build
5) Health
6) Other risk factors
7) Face amount of policy
8) Term length (generally speaking, the longer you lock in the premium, the higher the premium will be)
9) Whether you use a policy that requires an exam, or do not require an exam. For people with excellent health, taking an exam can usually bring down the price.
10) The company you use. Some companies are better for certain ages, term lengths, risk factors, etc, than other. That is why shopping with a broker who carries many choices can help you get the lowest price on your term life insurance.
Working with an independent agent will save you a lot of time and help you figure out which insurance carrier might be the best fit for your health history.