How Much Per Month Is Life Insurance?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WILife insurance premiums can vary greatly depending on the type of policy the amount of coverage being sought, the age of the person applying for coverage, their medical history, their family history, and other factors. The premium for any policy can typically range anywhere from $7/mo (for a small youth policy) to infinity.Answered on April 23, 2013flag this answer
4330 POINTSview profileJerry Vanderzanden, CLU, ChFCCo-Founder, Coastal Financial Partners Group, CaliforniaThat depends on many factors including gender, age, insurability, amount, etc. For those starting out, term insurance can be very affordable. For example, a very healthy male age 40 needing term life insurance for 10 years could expect to pay as little as $30 per month for $500,000 coverage at preferred classification rates with many life insurers.Answered on April 23, 2013flag this answer- 265 POINTSview profileBakul ModiFounder, Protection From Life, Founder of Protection from Life - Insurance a Better WayAs the others have stated life insurance premiums can vary based on a number of factors. The bottom line is that Term Life Insurance is straight forward and a lot cheaper than most people think. Most people are walking around uninsured or underinsured either because they think they cannot afford the coverage or do not fully understand their true need. Sit down with an insurance advisor and they can create a plan that best suits your needsAnswered on April 23, 2013flag this answer
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