Co-Founder, Coastal Financial Partners Group, California
The cost for pure term life insurance varies based on age, amount, coverage period, issuing company, your health and your lifestyle. For example, a male age 35 in above average health can expect to pay around a $1 per day for $500,000 of 10 year term insurance.
Permanent coverage will cost more but can be designed so that it cannot be outlived (the main problem with term) and will build cash values that grow tax-deferred.
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Permanent coverage will cost more but can be designed so that it cannot be outlived (the main problem with term) and will build cash values that grow tax-deferred.