That depends on your age and health history and on how much coverage you want. It also makes a huge difference if you want the term to last 10-years or 30-years.
Don't try to make term life insurance last forever. You will pay way too much for it if you do that. Take it for 10-years or 20-years or however long you need. If you need it longer, convert part of it over to whole-life.
Here is a free quoter where you can pull the rates of many of the lowest priced term companies
http://www.halfquote.com/
Owner/Insurance Broker, KM Health Insurance Services, Hazel Crest, Illinois
This is a great question. What you should pay for a policy depends on what you can afford and what you can want in a plan. Do you plan to cover a house or cars if you expire or do you want to just cover funeral costs? The premium will depend on a number of factors including your age, height, weight, amount of the policy, etc, etc, etc. If you are in one of our states, you are welcome to contact us for help. Enjoy your day!
You should never pay more than you have to. And to keep that as your motto, here are the factors so when you can go shopping you'll be armed with the Intel to get the best deal. Term life insurance is temporary protection from life's liabilities. T.E.R.M. = Temporary Expense Reimbursement Money. If you need is temporary than term life insurance is for you. But term life insurance companies are not created equal. The top ten term life insurance companies for standard or better health and their substandard counterparts are the players in the market. Every other company is just taking up space on a spreadsheet.
Your health will dictate the price tag you'll pay, but keep in mind that there are benevolent life insurance companies who underwrite better the most and you could save a bundle if you shop the players in the term market. We can help with that.
I like to keep my answers very short and to the point. This way there is no room for misinterpretations. Always keep in mind that “Term Insurance” is for temporary purposes only: such as many will call it “mortgage insurance” to cover balance on your home for the remaining term of loan. While you are accumulating wealth during your working years whether it will be for 15, 20, 25, or 30 years. So how much should you get? Answer is, as much as you can afford in premium with a company that can offer a transfer to permanent insurance at a later day. (Keep also in mind that you also risk in obtaining an un-insurablesickness during these years, this is why as much and as long you can afford at the time). Solutions to offer you: Talk to an agent of experience from a consultative perspective. And second, treat life insurance as planning tool as well as a form of protecting your investments, life, family and possessions while in debt with a goal of self insurability.
A quick way to see how much you should pay for Term life insurance is to go to one of the website quoters that offers instant life insurance quotes and compares rates from many companies. This will give you an idea of the best rates available. Then contact the agency personally to make sure you are quoted the best rate for your particular health.
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Don't try to make term life insurance last forever. You will pay way too much for it if you do that. Take it for 10-years or 20-years or however long you need. If you need it longer, convert part of it over to whole-life.
Here is a free quoter where you can pull the rates of many of the lowest priced term companies
http://www.halfquote.com/
Your health will dictate the price tag you'll pay, but keep in mind that there are benevolent life insurance companies who underwrite better the most and you could save a bundle if you shop the players in the term market. We can help with that.
I like to keep my answers very short and to the point. This way there is no room for misinterpretations. Always keep in mind that “Term Insurance” is for temporary purposes only: such as many will call it “mortgage insurance” to cover balance on your home for the remaining term of loan. While you are accumulating wealth during your working years whether it will be for 15, 20, 25, or 30 years. So how much should you get? Answer is, as much as you can afford in premium with a company that can offer a transfer to permanent insurance at a later day. (Keep also in mind that you also risk in obtaining an un-insurable sickness during these years, this is why as much and as long you can afford at the time). Solutions to offer you: Talk to an agent of experience from a consultative perspective. And second, treat life insurance as planning tool as well as a form of protecting your investments, life, family and possessions while in debt with a goal of self insurability.