1. 1000 POINTS
    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    Most companies consider a "Unit" $1,000 in Death Benefit. Often you will see this in pricing tables where it will list the Premium as a certain dollar amount per "Unit" (example: $2 per Unit. This would be $2 for every $1000 in Death Benefit. So a $10,000 policy would cost $20.)
    Answered on April 3, 2013
  2. 365 POINTS
    Lee Martinez
    Owner, The Sentry Agency, California
    I love this question. I have been a Life Insurance agent for close to 30 years and I have no clue. I see commercials that say "Only 1$ per unit" Or "Only $1 per unit per day" Call the 800 # and you get the "well it depends...." If they do not know how is the public supposed to know?

    As an agent it can mean $1,000 of base coverage or it can mean $1,000, $5,000 or even $10,000 in child rider.

    The majority of Life Insurance is sold "per $1,000" The cost per thousand is determined by many factors such as age, sex, health and type and amount of coverage. While it is easy to use a calculator to come up with a monthly quote. It takes an experienced agent to come up with a quote that truly represents what you may qualify for. Not some low ball cost per unit.
    Answered on April 5, 2013
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