What's the average cost of life insurance? -per month?

Question

What's the average cost of life insurance? -per month?

Answer 1

depends on your age and current health.

Answer 2

There is no "average."  Depends on type of insurance, coverage amount, etc.

Answer 3

It all depends on many several things:

Your age.

Your health.

Whether or not you purchase TERM or WHOLE LIFE.

Do you smoke?

Occupation (for example, aircraft pilots usually need an additional rider)

Dangerous hobbies, like skydiving or auto racing.

and the company underwriting it. They use what are called 'actuarial tables' that predict your life expectancy, death rate, etc and set their rates accordingly.

Answer 4

google it :) aahhahaha

Answer 5

depends on what type of life insurance you want to get

i have three policies

#1 pay 23.00 for three months for a male

#2 pay 56.00 for three months for a female

#3 pay 38.00 for three months for a male

all people non smoking because this has a big part in choosing the right plan

Answer 6

What's the average age?  What's the average gender?  What's the average policy amount?  What's the average health?  How do you average term and whole life?

There is no "average", because you can't "average" some of these things together.  Kinda like averaging a brick and a piece of wood.

Answer 7

that is on a graph  it depends on your age  and wether you are male or female and you health.. only the agent can be acurate.. call globe life insh  they can answer they have a free number...

Answer 8

Depends on what company you go with & if they sexually discrininate against men & make them pay more.

Answer 9

yes

Answer 10

None cause i dont have any!

IMA DIE SOON!

Answer 11

There is no simple answer to that question.  There are different types of life insurance (term, whole life), and the costs will also vary according to how an individual stacks up on the actuarial tables.  

In general terms, the younger a person is, the cheaper the insurance will be, because the insurance companies figure it is less likely they will have to pay a death benefit before the policy is "paid up".   They will have enough time to invest the premiums and come out even or ahead on paying the benefit.  There are also other factors they consider, such as gender, and in some cases health.  

Young people can usually buy life insurance no health questions asked, but the older you get, the harder it is to even find life insurance that you are eligible for--they will refuse to write policies for people with certain health conditions, or make the premiums so high it isn't practical to purchase.

Talk to a good independent insurance agent that you trust and get them to work up a quote for you to see what it would cost, and make sure you understand the difference between whole life and term insurance.  Term is cheaper, but you never "pay it off".  The life insurance benefits attached to your employment are great, but they won't continue if you change jobs or retire.  There are pros and cons to each, and you really need to try and tailor a policy to your own particular situation.