Hidden Secrets Insiders Know Choosing Life Insurance Wisely

Decoding the Costs

Life insurance premiums are influenced by several factors, including age, health, lifestyle, and the type of policy chosen. For instance, younger and healthier individuals often pay lower premiums. According to recent data, the average cost of a 20-year term life insurance policy for a healthy 30-year-old can be as low as $20 per month¹. In contrast, whole life insurance premiums can start at around $100 per month for the same individual². It's essential to compare these costs and consider your long-term financial goals when selecting a policy.