Average price of life insurance

Here is a sample quote to give you an indication of what Level Term assurance will cost you:-

Find competitive term life insurance rates online.

An example of Level term assurance costs

For $250,000 worth of cover with accidental death pay-out

For a 44 year old healthy non smoking lady would cost $394.00 per annum

For the same cover for a smoker the premium goes up to $709.00 per year

This quite was done on the Prudential' get a quote for life insurance section.

We also got quotes from Reliaquote

We obtained quotes for different scenarios for a Man in California who is medically fit and has never smoked and is looking for a 20 Year, $500,000 term life insurance policy.

The results are:-

For a 30 year old, the monthly premium would be between $24-$31 a month
This rises for a 40 year old to a monthly premium of $31-$40 a month
And rises significantly for a 50 year old to a monthly premium of$83-$92 a month.

We also ran comparisons for an obese male in Illinois who smokes a pack of cigarettes a day and is seeking a 20 year, $500,000 term life insurance policy.

For a 30 year old, the monthly premium would be between $95-$177 a month,
Rising for a 40 year old to the monthly premium of $195-$243 a month
And rising significantly for a 50 year old to a monthly premium of $471-$541 a month.

Disclaimer

All Information on this site 'howmuch-does-lifeinsurance.com' is for information purposes only and not intended to constitute professional advice as circumstances will vary from person to person. Information will not always be up to date and therefore cannot necessarily be relied upon. We strongly advise professional advice is sought before taking out any policies.

If you’ve never considered life insurance before—or if you already have a policy—

here are 10 things you should know:

1. On the case of your death the money paid out by life insurance can be used for mortgage, education and any other general living costs.

2.Depending on the life style your family enjoys you should consider insuring yourself for up to 10 times your gross income.

3. Some employers offer life assurance or death inservice benefits 0 this may not be enough to cover out-goings in the case of your death, and will be invalid if you leave the company.

4. Even if you spouse is not working its crucial you cover them too so that the income however small they contribute is covered.

5. Your personal circumstances will continually change so make sure even after you have purchased life assurance so make sure you review it yearly to check it covers any changes such as a new mortgage, new baby etc.

6. You need to investigate how much of each type of life insurance - permanent and term - is right for you.

7. Permanent life assurance can build a cash value that can assist with your income as you get older and your income decreases. Term life assurance as it has a fixed term is generally more affordable.

8. If you are unsure how much coverage you need the compare web sites will have Life Insurance estimator tools available to use.

9. Most companies will offer a free quote for life assurance so do not assume you cannot afford it - use there on line tools to obtain a quote.

10. Aalternatively speak to a financial professional who has the right qualifications to help and advise you.