Subject: Re: Re: life insurance costs

Comments:
: You may not be paying that much, especially if you bought the life insurance 5 years ago. You didn't say how old you are, but to give you an idea: : A healthy 40 year old male with a 20-year level term policy (level annual premium), would pay $300.00-$400.00 per year for $500,000.00 face value. That will fluctuate depending on the insurance company. A healthy 50 year old male for the same $500,000.00 might pay $1,000 per year. If he waited until he's 60 years old, the policy will cost around $3,000.00 a year. : Premiums for cash-value (whole life or universal life) policies are much higher. For example, the healthy 40 year old male who pays $350.00 a year for a $500,000.00 term policy would pay about $3,000.00 a year for a $500,000.00 universal life policy - in part because a portion of that $3,000.00 is going into the investment component of the policy. That's a 900% increase. : Perfect : : How are my life insurance premiums going up after 5 years? I thought I had purchased level term with AAA company. : : N.F.G.

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