How Much Should Life Insurance Cost Me?

  1. 60 POINTS
    S. Louis Rouse
    Rouse Insurance Services, Tennessee
    It is not possible to answer your question as asked.  Premiums are based upon age, sex, health, tobacco use, type of life insurance chosen (term, whole life, Universal life, etc.) the amount of insurance purchased.  The best thing you can do is sit down with a qualified agent and let him/her custom design a plan suited to your wants and needs.
    Answered on July 23, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    There is no set guideline for how much life insurance should cost per thousand dollars of coverage, nor even a guideline as to what percentage of your annual income that life insurance should cost. Life insurance rates can be extremely low in some situations; extremely high in others. Conversing with a broker who can shop multiple companies is your best way to get an affordable and competitive life insurance premium.
    Answered on December 11, 2014
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