2007-01-01 09:29:20 · 9 answers · asked by d_fransen 1 in Business & Finance ➔ Insurance
No one can accurately answer this question. Your premium is determined by:
1) How much coverage do you want?
2) How old are you?
3) Do you smoke?
4) Do you have any medical problems?
If you are paying a $1000 or more for a little coverage of $100,000, you are paying way too much if you under age 55.
2007-01-03 07:30:07 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Depends on your age, health, occupation, and other factors. Most policies will have a "unit premium", or a set value per month per $1000 of coverage. Term policies are cheaper, but when the term is up you will have to buy a new policy, which will become radically more expensive as you get older. My parents took out a Massachusetts Mutual $10,000 whole-life policy when I was age 18, for about $25 a month (it was a rapid pay-off plan, so I wouldn't have to assume any payments when I took it over). I bought it off my parents at 21 and increased the policy value to $25,000 for nothing-by that time, the dividends were paying my premiums for me. My husband also took a $50,000 policy for me thru his employer for about $7 a month, when we had our son (I was 27). Best bet is to find a reputable agent who deals in several different insurance companies, and price them out.
2007-01-01 18:15:09 · answer #2 · answered by Angela M 6 · 0⤊ 0⤋
It depends on a number of factors. First, are you referring to a term life insurance policy (these are less expensive than whole or permanent policies). It also depends on your age, gender, health status, family history among a number of other things. The best thing to do is go online and get a free quote. You can receive quotes from many different companies at companies like AccuQuote.
2007-01-02 11:26:52 · answer #3 · answered by Byron Udell 2 · 0⤊ 0⤋
How much coverage do you need, how much can you afford, how healthy are you, do you want it to contain value, do you want to cover your entire life, or a set amount of time (mortgage, kids in college, spouse retirement pension)?
If you want to minimize expenses, eat right, exersise, and never smoke.
Be carefull when looking for "Quotes". Most companies try to offer you a "Preffered Plus" rating, and when it comes back from underwriting, it can cost you 3 times as much as thier quote. Sit down with an agent from a respectable company like NY Life, Fidelity Mutual, Mutual of Omaha, or John Hancock. They can try to get you an accurate picture of your needs and medical risk.
2007-01-02 00:01:15 · answer #4 · answered by kamkurtz 3 · 0⤊ 0⤋
Too many variables.
How old are you?
Waht sex? male or female?
Smoker?
Health problems?
Overweight?
Medical history?
You see where I am going. Also what type of life insurance? Term, Whole etc. be more specific. Call and agent and get some quotes
2007-01-01 19:28:41 · answer #5 · answered by B 4 · 0⤊ 0⤋
I pay about $20 a month through State Farm.
2007-01-01 17:30:57 · answer #6 · answered by vwbyyou 2 · 0⤊ 1⤋
It is impossibile to tell you that. Your best bet is to go get a free comparison quote for term life insurance. The site below has a good link for it.
2007-01-01 20:10:07 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Don't pay monthly, pay annually. That way you avoid monthly service charges which can add up!!
2007-01-01 20:44:58 · answer #8 · answered by Anonymous 7 · 1⤊ 0⤋
Depends on your age and general health. Smoker or non-smoker. Whatever you do, don't buy a cash value, whole life, or universal life policy. They're expensive. Buy term insurance ONLY.
2007-01-01 18:02:19 · answer #9 · answered by joeyrep 1 · 0⤊ 2⤋