Life Insurance Policy 500K

The price of a $500,000 term life insurance policy It may surprise you how affordable $500,000 in term life insurance coverage can be. Like I mentioned earlier, a 35-year-old woman in excellent health could purchase a 20-year, $500,000 policy starting at less than $20 per month. Not a bad price for a significant amount of peace of mind.. A $500,000 life insurance policy may seem like a large policy, but many people may need that much coverage to support their family’s needs. Many people seeking a $500,000 life insurance policy commonly need coverage to either protect their income or to cover an outstanding mortgage balance.. $500,000 Life Insurance Policy: When it comes to life insurance rates, one of the most frequent questions we are asked is, “What Does a $500,000 Life Insurance Policy Cost?”. What Does a $500,000 Life Insurance Policy Cost? Using our quote engine, it’s simple to figure out the price of a life insurance policy worth $500,000.. Term life insurance premiums are based on the length of the term and the health and age of the person covered by the policy. While term life insurance becomes more expensive with age, it still remains a viable and one of the cheapest forms of insurance even for the elderly. Even as you age,....

The Different Term Lengths. Term life insurance is a type of life insurance policy that is in force for a certain number of years. Those terms include: 10, 15, 20, 25, 30, 35, or 40 years (Banner Life just recently added the 35 and 40-year terms).. Life Insurance Tip: If you need more than $500,000 life insurance no medical exam coverage, you can opt for additional policies from another life insurer. This way you’re covered by multiple no exam policies..

The term life insurance quotes below are for a 20-year term life insurance policy with a death benefit of $500,000. Through our findings, you can see that the increase in monthly premiums as you age is much smaller if you are young, compared to when you are older.. ***Use the quote box on this website to get your own personalized quote for a $500,000 20 Year Term Life Insurance Policy.*** The sample quotes above assume #1 health class. Approximately 10% of the people who apply for life insurance get #1 health class..