The most common questions we receive regarding life insurance are:
- How much life insurance do I need? and
- How much does life insurance cost?
How Much Life Insurance Do I Need?
Larry Light wrote an in-depth article for Forbes covering the various factors you should consider in determining how much life insurance you need.
A good starting point for determining how much life insurance you need is using a life insurance calculator.
How Much Does $1 Million in Life Insurance Cost?
A few years ago we addressed how much $1,000,000 in life insurance costs. Below are updated quotes for 2016 for various regions of the United States. For estimated life insurance quotes for amounts other than $1MM click here.
Cost of Life Insurance in New York
$1,000,000 life insurance for 35 year old
10 year term life insurance: $23.31 per month
20 year term life insurance: $38.85 per month
30 year term life insurance: $71.23 per month
Permanent life insurance: $359.00 per month
*All estimates assume healthy, non-smoker in New York
Cost of Life Insurance in Montana
$1,000,000 life insurance for 35 year old
10 year term life insurance: $22.10 per month
20 year term life insurance: $37.20 per month
30 year term life insurance: $68.26 per month
Permanent life insurance: $359.00 per month
*All estimates assume healthy, non-smoker in Montana
Cost of Life Insurance in California
$1,000,000 life insurance for 35 year old
10 year term life insurance: $22.10 per month
20 year term life insurance: $37.20 per month
30 year term life insurance: $70.00 per month
Permanent life insurance: $359.00 per month
*All estimates assume healthy, non-smoker in California
Cost of Life Insurance in Texas
$1,000,000 life insurance for 35 year old
10 year term life insurance: $22.10 per month
20 year term life insurance: $37.20 per month
30 year term life insurance: $70.00 per month
Permanent life insurance: $359.00 per month
*All estimates assume healthy, non-smoker in Texas
Cost of Life Insurance in Florida
$1,000,000 life insurance for 35 year old
10 year term life insurance: $22.10 per month
20 year term life insurance: $37.20 per month
30 year term life insurance: $70.00 per month
Permanent life insurance: $359.00 per month
*All estimates assume healthy, non-smoker in Florida
If you’re interested in purchasing life insurance, we offer the fastest and most convenient process for purchasing life insurance. You can do so online without a medical exam, test, waiting period, or having to talk to a life insurance salesperson. If you qualify, your policy will be issued in minutes. Click here to purchase life insurance online.
If you’d like to purchase life insurance the old fashioned way, we’d love to talk to you! Our life insurance agents are extremely knowledgeable and abide by a “no pressure” policy. Give us a call or request a custom quote and one of our agents will answer all your questions and provide you with a free quote for a life insurance policy that works for you.
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