Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Video Transcript: Today's question is, "How much is life insurance?" Well it depends on if you're buying term insurance or you're buying permanent insurance. It depends on your gender. It depends on your age, your smoking status. It also depends on your medical history as well as the exam results when you apply for insurance.
Remember, keep in mind that also if you have any vocational hazards that could be an issue as well and part of the factor that comes in with pricing your life insurance premium, as well as you may have recreational issues like rock climbing or maybe scuba diving. Those also will come in and incorporate into a price tag to figure out how much we're going to have to spend on life insurance to cover the death benefit amount that you're looking for.
Life insurance costs can be extremely different from one person to another. The biggest impact is the age you are being insured TO. For that reason, If you are age 40 and buying 30 year Term life insurance, your premium could be higher than a 50 year old person of the same health who is buying a 10 year Term policy.
Of course, your health, tobacco usage, gender, and other factors enter into what premium you will pay, as well. You can review quotes for someone of your age and other factors by visiting a website with instant, free life insurance quotes.
.JPG){kind=avatar}
Remember, keep in mind that also if you have any vocational hazards that could be an issue as well and part of the factor that comes in with pricing your life insurance premium, as well as you may have recreational issues like rock climbing or maybe scuba diving. Those also will come in and incorporate into a price tag to figure out how much we're going to have to spend on life insurance to cover the death benefit amount that you're looking for.
Of course, your health, tobacco usage, gender, and other factors enter into what premium you will pay, as well. You can review quotes for someone of your age and other factors by visiting a website with instant, free life insurance quotes.