There are several factors that determine what you may pay for a one million dollar life insurance policy.
For instance, your age is the first thing to consider.
The next issue is the your health, which determines the rate class that the insurance company offer for your life insurance coverage.
Then there is the type of life insurance policy you choose to buy.
Even a term life insurance policy, which only provides a death benefit with no living benefits will vary in cost depending on the level-premium timeframe chosen. For instance, you may choose term life insurance coverage for a term of 10, 15, 20 or 30 years. The rate will be higher the longer the level premium term of your policy.
Find out how much a million dollar life insurance policy costs
For instance, your age is the first thing to consider.
The next issue is the your health, which determines the rate class that the insurance company offer for your life insurance coverage.
Then there is the type of life insurance policy you choose to buy.
Even a term life insurance policy, which only provides a death benefit with no living benefits will vary in cost depending on the level-premium timeframe chosen. For instance, you may choose term life insurance coverage for a term of 10, 15, 20 or 30 years. The rate will be higher the longer the level premium term of your policy.
Find out how much a million dollar life insurance policy costs
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