How Much Is Life Insurance For A 30 Year Old?

  1. 575 POINTS
    Mathew Erickson
    Owner/Agent, Erickson Insurance Agency - Farmers Insurance, Canton, OH
    There are a lot of factors that determine how much life insurance a person needs, but you can boil them down to four main areas: Loans/mortgages, income loss, final expenses, and education. Each person deserves to have a tailored solution created just for them to determine how much life insurance they truly need. At 30 years old, it's possible that many of life's achievements haven't been realized yet, so I commend you on planning for this now. My best answer for your situation is to consult with an insurance advisor to determine your true level of need right now.
    Answered on June 2, 2013
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    David RacichPRO
    Fountain Hills, Arizona
    A 30 year old male nonsmoking with super preferred health covering $100,000 of ten year term life insurance is around $85 annually with one of the leading life insurance companies. A permanent universal life insurance policy for the same proposed insured is around $377 annually with one of the leading life insurance companies. Always check the rate quoted by any online life insurance service to confirm the cost before moving forward.
     
    Answered on June 2, 2013
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