Why Is Life Insurance Cheap?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Life insurance can be offered at low rates, because the cost of it is spread out over time. The earlier in life that you buy it, the cheaper it is, since you will have longer to pay. Think of it like buying a house - since the payments for the house are spread out over many years, you don't have to come up with a large amount all at once, same with life insurance. Thanks for asking!Answered on May 31, 2014flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNI am not sure I would call life insurance cheap but it is very affordable for most people. The young and very healthy can purchase life insurance at an amazingly affordable rate. However, as we age, gain weight, health declines and life is more sedimentary, the premiums can really climb for those folks. The best advice is purchase what you need while you are young and healthy and save yourself thousands in premiums over your life time. Remember the actuaries and underwriters are very skilled with predicting a person's mortality. Take advantage today, we are never going to be any younger or healthier than we are today.Answered on June 1, 2014flag this answer
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