03/07/2023
Life Insurance, the questions you don’t want to ask. Did you know there are 2 common misconceptions about life insurance. People think it’s more expensive than it really is or think they don’t need it when they are younger. These 2 common misconceptions could cost you thousands of dollars over the life of your policy.
We understand that when you are young and healthy it’s hard to think about putting life insurance in place to take care of your family when you pass away. No one really wants to think about their mortality. Did you know that in life I can guarantee you aren’t going to make it out alive.
We want to help you see why financially it’s smarter to get life insurance when you’re younger. We are going to break down a typical $250,000 term life insurance policy cost from age 20 to age 50 for men and women on a 10 year term policy. You will be shocked to see the difference. We can offer a 5 year simplified issue with only having to answer a few heath questions, up to a 30 year term policy with the option to extend the policy for an additional term period.
Male Female
Age 20: $28.81 per month Age 20: $16.98 per month
Age 25: $23.65 per month Age 25: $18.49 per month
Age 30: $24.08 per month Age 30: $19.56 per month
Age 35: $28.38 per month Age 35: $22.57 per month
Age 40: $35.90 per month Age 40: $26.23 per month
Age 45: $46.44 per month Age 45: $32.68 per month
Age 50: $64.93 per month Age 50: $44.07 per month
If you were to wait from age 20 to age 50 to start a life insurance policy you’re going to pay $4,334 more over the policy term for a man and $3,250 more for a woman. Life Insurance is the best way to guarantee some financial stability for your family after your gone. Let us help you take care of them. Give us a call to see your options today. 208-322-1030
