Affordable Life Insurance Protection for Your Family
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 price for life insurance may vary based on your gender, age, type of life insurance, amount of coverage, insurance carrier, and other factors used to determine your rate for coverage.
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 pricing on life insurance policies from several of the highest-rated insurance companies you may save up to 70%.
What Is the Lowest Priced Type of Life Insurance?
Term Insurance offers the lowest pricing by far on life insurance plans.
Term Life Insurance provides protection for a specific period of time, usually 5, 10, 15, 20, 25 or 30 years. Term life builds no cash value, it is pure life insurance protection.
You only pay for the life insurance coverage. Term life offers you the maximum amount of insurance at the lowest price.
Save on Life Insurance by Comparing Multiple Quotes
When you combine the low rates on term life insurance with the savings you get by comparing multiple premium quotes, you may save up to hundreds of dollars per year on your life insurance plan.
That’s a good thing, since we could all use a little more money in our pockets these days.
How Is the Average Cost of Life Insurance Determined?
There are several key factors that insurance carriers consider when deciding what they will charge you for your policy.
The most common factors considered for rating your life insurance include:
In addition, the rate developed by considering the above factors is used to determine your premium by taking into account the amount of life insurance you need.
The rate is multiplied by the amount of life insurance to determine your premium.
For Example, if you are buying $100,000 with a $5 rate, your premium is $500.
($5 X $100 = $500).
How to Find Your Average Cost:
For Example, if you receive 5 quotes at the following prices: $550, 650, 700, 600 and 500.
The Total Premium is $500 + $550 + $600 + $650 + $700 = $3,000
The Average Cost is $3,000 divided by 5 = $600.
How Can You Find the Best Life Insurance Prices?
By comparing life insurance quotes online from top-rated insurers nationwide.
You just fill out a short Quote Request Form, Click on a Button, and you Instantly Receive the Lowest Prices from over 45 leading life insurance companies.
Tips for Comparing Premiums on Life Insurance
How Can I Save Money on My Life Insurance Policy?
There are several ways to save on your cost of life insurance:
How Much Life Insurance Do I Need?
To decide how much life insurance is right for you, we recommend you use a life insurance needs calculator that helps you quickly and easily determine your needs based on your specific financial situation and goals for your family’s future.
Compare Life Insurance Premiums
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.