1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You should pay for your life insurance what you can comfortably afford to pay, so that you do not need to drop your policy when small financial problems arise. Life insurance that is allowed to lapse due to being unable to pay premiums does not do any good at time of death.

    Contacting a website that allows you to compare premiums will show you what the best rates in the country are for the  type and amount of life insurance you desire.
    Answered on May 5, 2013
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are two key issues to this question.  How much coverage do you need and how long do you want the coverage to last.  Aside from underwriting issues these two factors are the primary determinants of the premiums being charged.  The true cost though, of life insurance is that measure of the loss suffered by those you love at your passing.  If life insurance steps in and provides what they need, it is a bargain! 
    Answered on July 8, 2014
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