You multiply that number by the number of thousands of dollars of life insurance coverage you need, then add any policy fee shown on the rate chart to get your annual rate for the life insurance.
If you want to pay the life insurance premiums on a monthly, quarterly, or semi-annual basis, you take the annual rate times a factor that should be shown on the chart. There is usually an extra charge added to an annual payment premium if you choose to pay the premiums in more than one installment per year.
Or you can go to a quote engine on a life insurance website and input the face amount of life insurance coverage you need, your health rating, and term length (5, 10, 15, 20, 25 or 30 years of coverage) to find out the total cost of your life insurance policy. This quote should include any appropriate fees and factors.
When comparing quotes on the internet through a quote engine, you can adjust the premiums based on your budget. So, you can compare different amounts of life insurance coverage and lengths of term life insurance protection to fit your budget. It's quick and easy to compare instant life insurance rate quotes online.
Here's how you can compare the cost of life insurance from several leading life insurance carriers online instantly.