that's 23 years old, white, male in upstate new york, college grad, (nonsmoker/no health problems). I just need a ballpark figure. $10? $100? I just have absolutely no idea so if you have any idea, you know more than me.
2006-11-29 14:20:12 · 7 answers · asked by herzog 1 in Business & Finance ➔ Insurance
Go to reliquote: I plugged in some number for a 23 yo male in New York. Normal height and weight, non smoker, with no health problems or family history of health problems.
Most of the 20 yr quotes were between 15-20/month.
Do not, repeat, do not go for that overpriced whole, variable, etc... life insurance. They will tell you that you are investing and insuring yourself. Insurance is for planning for your loss of income. It's so your love ones aren't left with all your debts and no way to pay them off. Fees and return on investments in whole life, variable-life and there ilk insurance will eat up profits.
Get 20 year level term: Take the money you save for not buying into the whole life insurance crap and invest it. You'll do much better than paying fees and commissions to insurance companies.
2006-11-29 14:49:23 · answer #1 · answered by ontopofoldsmokie 6 · 0⤊ 0⤋
Ok,
You may not find this answer very enlightening but it all depends on the company that you apply to. Things that play major role on the premiums are the above things that you mentioned, being a non smoker is a great plus, location, driving habbits, hobbies e.t.c
Also another thing that plays major role is the type of policy that you are trying to get. If I was your age I would try to get the maximum coverage that I'd qualify for with option to increase every 5-10 years, something that also builds cash value. It will be a little bit more expensive than just straight life but it is well worth it in the end. Again to go back to your question, you could pay $10 or you could pay $100. It all depends on what you want to get out of the policy.
2006-11-29 14:31:28 · answer #2 · answered by astrnelis 2 · 0⤊ 0⤋
It depends on the company you go with so shop around. If you are looking for term life insurance which doesn't accumulate cash value you'd pay about $15 per month or $170 per year for a 20 year level term policy with a death benefit of $200,000 (assuming there are no health issues, participation in dangerous activities such as sky diving, no bankruptcies, no dui's, etc.)
You're young, so you might even want to go with a return of premium life insurance product that will give you all of your premiums if you outlive your policy (after 20 years). This is a little more expensive, but it's a forced savings for you. Check out www.accuquotelife.com for free quotes.
2006-11-30 02:08:57 · answer #3 · answered by Byron Udell 2 · 0⤊ 0⤋
WOW!! numerous can no longer examine!! existence coverage is an excellent factor to get. there are various stuff that advance your rates. smoking. carry gliding family individuals background weight your contemporary wellbeing A existence coverage employer is having an excellent gamble which you will stay long sufficient that they are able to turn a earnings on your rates. So the shorter you're in all probability to stay, the better top rate you have. And the government taxes your loss of existence with; post-mortem loss of existence certificates inheritance tax etc... So no longer in basic terms will the Fed no longer, and shouldn't, pay for existence coverage, it is going to turn a earnings.
2016-10-13 09:57:11 · answer #4 · answered by ? 4 · 0⤊ 0⤋
My favorite site is www.term4sale.com
They don't sell insurance - just post rates from least to most expensive.
2006-11-29 14:27:48 · answer #5 · answered by SafetyDancer 5 · 0⤊ 0⤋
$200 a year for term. $2500 a year for whole life.
2006-11-29 23:55:20 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋
https://www.netquote.com/?nqid=12743&Status=splash_home
2006-11-29 14:22:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋