A close friend of ours died recently, and nobody saw it coming. I have spent the last few days thinking about the people I know who have a spouse or kids depending on them and no life insurance in place.
If that is you, or someone you love, I’d like you to read the numbers below before the week is out.
For a man who is 6 feet tall, 180 pounds, and 40 years old, the monthly cost of $1 million in coverage looks like this:
[INSERT RATE TABLE FROM ORIGINAL FB POST: term length, monthly premium, carrier, health class, and date quoted]
Those figures come from a real quote. Yours will differ based on the factors below.
Age is the biggest one, and every year you wait costs more. Health history, tobacco use, height and weight, and the length of the term all change the premium. Some policies require a medical exam and some do not, which affects both price and how fast you get approved.
Anyone whose death would leave someone else with a financial problem. That includes a husband or wife who covers the mortgage, a dad whose income pays for childcare and school, or a mom who runs the household and whose work would have to be replaced with paid help. If a funeral bill, a mortgage, or a loss of income would land on someone you love, a policy exists to handle it.
It takes a few minutes to see your own numbers. Start your free quote here, or reach out to me directly if you would rather talk it through.
If you know a husband, wife, dad, or mom who does not have life insurance, send them this post.
It depends on your age, health, tobacco use, and the length of the term. The table above shows a real example for a 40-year-old man. A free quote shows your own price.
Some policies require one and some do not.
Term covers you for a set number of years at a fixed premium. Permanent coverage lasts for life and costs more.
