What is the average cost of life insurance?

Posted by admin on July 31, 2010 Leave a comment (2) Go to comments

I know individual circumstances apply, but there must be an average monthly cost somewhere.

33 years old,
Looking for term life insurance, 500K

I was just given a monthly quote for $28 per month

2 Comments.

nomo July 31, 2010 at 3:21 pm

There really cannot be an average since the age when you apply, the amount of coverage, whole life or term, and your health and job all figure into the premium. Just get quotes from several places. Just make sure the company is rated AAA. You would hate to pay for years then they go under.
neoma July 31, 2010 at 3:58 pm

Thats a tricky question because without knowing more then you really cant actually give you an accurate qoutation. However, the important thing is to know that there are really two types of policies – term life and whole life – the former requires a lower monthly/yearly premium but does not give any cash value during the life of the policy. So say you pay 350.00 for a year, if nothing happens, you dont get back any money. The Whole life has a much higher premium but you do get back money if you cancel and a part goes to a life benefit and some goes to investments, that your earn on cancellation and in fact you eran interest on your premium.

Try this site to find the best life insurance

http://best-life-insurance-quote-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.