What will life insurance cost me ? Ballpark!!

Question

what will life insurance cost me? im just looking for a ballpark price. i know i know . factors. just say im 40, a little over whight, non-smoker, 90,000.00 i have 10 at work. so if i die my family gets 100,000.00 what is this called. life term? or something. like i said just looking for a W.A.G. per month 10$? 20$? 5$? 30$? Thanks

Answer 1

I'm 41, and a whole life policy through the company that handles my house and car was $35 a month for $25,000. I think it was $50/mo for $40k. Check with the company that handles your other policies, and check at work for additional coverage. Whole life will be a little more expensive than term, because the premium will not change over the life of the policy and the actual pay out grows over time (so my $25k at age 70 may actually pay out $27,000).

For $90k at your age, expect to pay around $60/month for term life, but again, that will depend on a lot of factors, and the state you live in.

Check with Aflac too--they have decent policies available, and see if you can increase your insurance through work.

Answer 2

term life insurance can cost as little as $20-$45 a month.  Term life insurance usually does not pay all 90k-100k on the first two years....after two years, they will pay the amount in full if you die....if you die within the 2 years they would probably pay back everything you paid them, and 10% of the coverage you bought....So, it would be $20 a month for, whatever months you paid...lets say 6 months...so that would be $120 plus 9,000-10,000 dollars.....If its a regular insurance company like metropolitan life insurance, it can cost something like $200 a month or so....give or take  a couple of buxx..But, whenever you cancel, they give you something back...If you paid them for 10 years...it would be something like ..$24k....They might give you back $17k or so.....But, in all honesty...Its not worth it because...you could have paid for term life insurance...and once you get past your first 2 years, you would be better off.....if you paid 25 a month for 10 years, it would only be 3k....and not 24k...even if you subtract 17k, it would still cost you 7k..........Just get through the first 2 years and you would be fine....term life insurance usually doesnt pay like regular insurance...they have lower coverage...but, if thats the case, just buy 2 or more policies...

Answer 3

well ever thing comes into play but if your 40 and not a smoker lil over wieght you can get term life insurance for about $28 dollars a mounth

Answer 4

Katie needs to do some shopping because she's overpaying.

Don't ballpark it just go quote it...

http://insurancepickle.com/life-insuranc...

It might cost $20 or $30 a month, but if you use the link I gave you (which requires no personal information) you'll get rates from ~150 companies.  Don't buy $90,000 either that's like going to buy soda and buying 22 indiviudal cans.  Obviously the case is cheaper.  In insurance $100k is the case.

Answer 5

Try using a life insurance calculator to help you estimate costs, etc.