Well, that depends on the type and amount of life insurance coverage; as well as, the person being insured.
However, term life insurance is much cheaper than permanent life insurance.
And, prices for life insurance are usually over-estimated by consumers by up to 2-3 times more than the actual cost.
That's because term insurance offers low rates due to the temporary nature of the coverage, providing life insurance for a duration of 10, 15, 20 or 30 years.
The shorter the "term" of your policy, the lower your premium because there's a lesser risk that you will pass away during the "term" of your life insurance coverage.
And, many people outlive their term life insurance policy, so there is no payout of the death benefit, the coverage expires.
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