How Much Will Whole Life Insurance Cost?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    As with every other type of life insurance, the cost of Whole Life depends on one's health and the features of the policy. It also depends on the company, with some being more competitive than others for certain ages and types of risk. Whole Life has more variables than Term and is a life long product, making it more important to use an agency that is reputable and experienced in selling Whole Life.
    Answered on May 2, 2013
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    David RacichPRO
    Fountain Hills, Arizona
    Participating whole life insurance is a mortality product used to protect families, business partners or charities from suffering financial loss due to the death of the policy issued. Its price is based on medical information, behavioral activities and financial suitability. Medical information includes gender, age, smoking status, health history, current medical condition. Behavioral activities include motor vehicle violations, dangerous recreation and hazardous vocation. Financial suitability is also a critical component in the amount of coverage you can secure.  As an example: MetLife $25,850 annual premium for $1,000,000 of death benefit coverage for a nonsmoking male age 55 preferred best.

    Answered on July 16, 2013
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