That's right, but some simplified issue term life plans offer as little as $5,000 of life insurance.
In addition, there are permanent life insurance plans offering as little as $3,000 of coverage.
This means you may be able to purchase $20,000 of life insurance, and these policies are usually available without any health exam required.
There are even guaranteed issue policies which means you won't have to answer any questions about your health or take an exam.
Learn more by reading this article: Can I Buy a $20,000 Life Insurance Policy?