How Much Does Life Insurance Cost ?
Posted November 20, 2009 – 10:37 pm in: structured settlements FAQhow much life insurance i need, for how many years, and what can i afford to pay?
Tags: Cost, Does, Insurance, Life, Much-
Categories
-
Monthly archives
-
Pages
-
6 Comments
The cost varies by your age, your health, the amount of coverage, and the term of the policy. How much you can afford is up to you. Your needs depend on your individual circumstances.
Your question is a very good example of why you should consult an insurance agent to discuss your needs. Trying to buy life insurance online is like trying to do brain surgery on yourself by going to WebMD.
How much does life insurance cost? This depends on the person and is based on several factors which may include your age, gender, height-to-weight ratio, health, family health history, if you smoke or not, the amount of life insurance, type of policy, hobbies, occupation, among other things.
To find out how much life insurance costs you can request free life insurance quotes online to get estimates for your Life insurance premiums.
The amount of life insurance you need depends on your personal financial situation. You can use a life insurance needs calculator online to find out how much life insurance you need.
The number of years you need life insurance depends on your personal goals and situation, as well, How long do you need life insurance? For 10, 15, 20, or 30 years? Term life insurance provides temporary life insurance for up to 30 years. Some people choose term life to provide protection for their 30 year mortgage loan, or until their kids are grown and out of college in 15 or 20 years.
What can you afford to pay? This depends on your budget. Term life insurance is affordable for almost any budget so you may want to compare quotes from several companies for term life insurance for 10, 15, or 20 years to find out how affordable it can be.
I hope that helps. Best of luck to you.
My recommendation is for you to call a LOCAL agent, and have him/her do a Financial Need Analysis (FNA), to help you determine how much insurance, what type, and how much you can afford to pay.
Do not buy from the internet or by mail order. Get a LOCAL agent, and you will get LOCAL service.
There are many different kinds of life insurance policies and even more companies than you’d think that offer them. The one thing to keep in mind is don’t buy life insurance from a car insurance company. The popular kinds of life insurance are term life insurance, return of premium term (which can effectively yield you a 5-7% tax free return on your money), and policies to last until you’re 100 years old.
I’m providing you a link to my site that will give you information about life insurance (since there is more than will fit in this forumn). Within the FAQs you can check out my blog which has plenty of useful information about types of policies and applying for coverage. Also, you’ll see a link for term life insurance quotes. This will allow you to get prices for life insurance policies from ~150 different companies so you can get insurance prices prior to contacting a broker. That way you can be sure you’re getting a good deal. The information and quotes is provided for your information and is available without divulging personal information.http://insurancepickle.com/life-insuranc…
Hope that helps.
(community guidelines state:”it’s OK to accompany a good, on-topic answer with a link to your website, blog, or email to offer more information.”)
The simplest way to find out the cost of life insurance and to learn more is to go to one of the online life insurance sites that lets you put in your age, amount of insurance, number of years and instantly get quotes from the major life insurance companies. A site like lifeinsure.com not only does that but lets you do it anonymously.
YOU need to determine how much you need and for how long you need it. Then, get several quotes from reputable companies (not the on-0line ones).