What Are Average Life Insurance Premiums?
If you’re shopping for life insurance, you may be asking yourself this question.
There is no one right answer for the average cost of a life insurance policy, because the prices for life insurance may vary based on your age, gender, insurance company, type of life insurance, amount of coverage, and several other factors used to determine your rate for life insurance.
Obviously, none of us wants to pay more than the average for anything, especially life insurance. But, maybe you don’t have to.
Why, because by comparing rates on life insurance from several of the highest-rated insurers you may save up to 70% on your life insurance policy.
What Is The Lowest Priced Life Insurance?
Term Life Insurance provides protection for a specific period of time, usually 5, 10, 15, 20 or 30 years. Term life insurance builds no cash value inside the policy it is pure life insurance protection.
You pay only for the life insurance coverage. Term life offers you the maximum amount of life insurance for the lowest price.
Life Insurance Savings When Comparing Multiple Quotes
When you combine the lower rates in the industry with the savings you get by comparing multiple quotes, you may save hundreds of dollars per year on your life insurance policy.
That’s a good thing, especially since we could all use a little more money in our pockets, rather than paying more to a large insurance company than you need to.
How Is The Average Cost Of Life Insurance Determined?
There are several factors that life insurance companies consider when deciding what they will charge you for your life insurance policy.
Among the most common factors considered for rating your life insurance policy are the following:
How Can You Find The Best Life Insurance Prices?
Buy comparing instant life insurance quotes online from top-rated insurers nationwide, with no obligation. You just fill out a short life insurance quote request form and instantly receive the five lowest prices from over 70 leading life insurance companies.
Tips For Comparing Life Insurance Premiums
How Much Life Insurance Do I Need?
On average, women have $129,800 of individual life insurance, while men have $187,100 of individual life insurance coverage. (Source: LIMRA 2011 Insurance Statistics). To determine how much life insurance is right for you, we recommend you use this quick and easy life insurance needs calculator that will ask you some questions and instantly give you an accurate estimate of your life insurance needs.
Compare Life Insurance Premiums
Top Pick – WholesaleInsurance
Compare the best life insurance quotes from 40 of the leading life insurance companies in less than 2 minutes! Save up to 73%. Request your free quotes for life insurance.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance
• Coverage for Adults or Children
• No Medical Exam. Just a Few Y/N Health Questions
• Free Information. No Phone Required. No Waiting
Buy Direct. Monthly Rates as low as $3.49 for Adults/$2.17 for Children.