Principal, LifeNet Insurance Solutions, Redmond, WA
Life Insurance for individuals in the early 20's is relatively inexpensive assuming good health, favorable family history and other factors that go into the underwriting process. For most people this age money is a factor so term insurance is most probably the way to go. Before you apply make sure you are clear about the objective in purchasing a policy.
Before we can answer your question, we need to know what you are looking for. Premium could be under $10 per month or over $100 depending on what kind of policy you have and what you are trying to accomplish.
Being so young you might consider some permanent life insurance as the cost of insurance is low, you could build an asset for future use. Again, why are you looking at life insurance needs to be answered.
Feel free reach out to me if you would like to see some illustrations of the options you have available.
That is an excellent question! Life insurance companies base the cost of your policy on your age, your health, whether you smoke, and the amount of coverage that you want. At your age, you have a couple of routes you can go, depending upon what you can afford. A whole life policy will be a little bit more expensive than a term policy would be, but will over time, become a better value in that you build cash in it, and if your health were to take a serious hit, your rates won't go up because of it. If you are really strapped for cash, a short term policy might be the way to go, until you can afford the whole life policy. Either way, your policy should be fairly inexpensive. If you would like a more accurate dollar amount, please contact me, and I'll go over it privately with you. Thanks for asking!
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Being so young you might consider some permanent life insurance as the cost of insurance is low, you could build an asset for future use. Again, why are you looking at life insurance needs to be answered.
Feel free reach out to me if you would like to see some illustrations of the options you have available.