Expert Q&A
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Email to a FriendHow much does life insurance typically cost? I don't need an exact number, just a ballpark range (I understand it will vary depending on my health, age, etc.).
In my opinion a typical life insurance plan can be as low as $10.00/mo. As what Armond has stated it will vary on the amount coverage, health conditions, and type of policy. If you are looking for “cheap” buy term. there are lots of financial advisors who recommend term and invest the rest
It truly depends on your age, health, gender, height and weight and overall health. It also depends on the amount of dealth benefit you are interested in. You really need to work with an experienced agent in order to find out the cost of insurance.
Term policies come in 10, 15, 20, 25 and even 30 year term plans and of course there are permanent or whole life insurance plans as well.
Well, it depends on how well is your health? When I was trying to get medical insurance for myself as self-employed with diabetics they told me that can be cost in the range of $200 up to $350 per month and some of those health insurance companies do not want someone with that illness.
There truly is no “typical cost” for Life Insurance, as rates are determined by age, gender, height, weight, and overall health condition of each individual. Also, rates vary from company to company, and various types of policies are more expensive than others. For example, a traditional Whole Life policy is going to be more expensive to purchase than a 10, 15, 20, or even a 30 year term policy, in most cases.
