+52 votes
I'm looking to get Life Insurance and I'm wondering how much it would cost per month. Can anyone give me an idea of the average monthly cost of Life Insurance?
by (400 points)

1 Answer

+98 votes
Best answer
The cost of Life Insurance can vary depending on several factors, including your age, health, coverage amount, and the type of policy you choose. However, I can provide you with some general information on the average monthly cost of Life Insurance. According to recent data, the average monthly cost of Life Insurance for a healthy individual in their 30s or 40s can range from $25 to $50 for a term life policy with a coverage amount of $250,000 to $500,000. Keep in mind that these are just average figures, and your actual premium may be higher or lower based on your specific circumstances. It's always a good idea to get quotes from multiple insurance providers to compare prices and find the best policy for your needs. Remember, the cost of Life Insurance is influenced by various factors, so it's important to speak with an insurance agent or broker to get an accurate quote based on your individual situation.
by (420 points)
selected by