What Is The Average Cost Of Term Life Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaA super preferred nonsmoking male age 25 seeking coverage for $100,000 of ten year term life insurance will pay around $100 a year. The price for term life insurance depends on the face amount, the duration of the coverage period and personal information. The personal information includes gender, age, smoking status, health history, current medical condition, etc.Answered on July 1, 2013+01+1 this answer
0flag this answerview more answers by David Racich- 1313 POINTSview profileLenny RobbinsPrincipal, LifeNet Insurance Solutions, Redmond, WAWhile I'm sure there is a method to figure this out by adding up the cost of all policies written and dividing by that number, it would not provide a meaningful amount for you. All policies determine their premiums by amount of coverage, age and sex of applicant, and both health history and lifestyle issues. There are many carriers that sell term insurance and the main difference between them is cost. The main takeaway is: consult an independent life agent that can survey carriers for your best value.Answered on August 6, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIf you search for a graph of mortality you will see a steeply curving line. It demonstrates that the number of people of a particular age that die during the 12 month period is a pretty predictable number. The companies then say to you, “how many years do you want coverage.” That allows them to compute with a fair degree of accuracy the chances that you will be a victim of premature death. Now this revolves around your current age, the amount of coverage that you want, and the length of time you want the coverage.Answered on August 6, 2014flag this answer
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