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Life Insurance

How much does life insurance cost?

Cost varies widely based on your age, health, gender, tobacco use, coverage amount, and the type of policy — term life is generally the cheapest per dollar of coverage, while permanent policies like whole life and IUL cost more since they last your entire life and build cash value.

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A healthy 30-year-old might pay under $30 a month for a sizable term policy, while an older applicant or someone with health conditions could pay significantly more for the same coverage amount.

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Online estimates are only a starting point — an actual quote based on your real age and health profile is the only way to know your true cost.

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