What would be the approximate cost of a term life insurance
by Guest » Mon Jun 13, 2011 04:09 pm
Female
81 yo
great health
looking for low cost insurance
Total Comments: 1
Posted: Mon Jun 13, 2011 06:14 pm Post Subject:
No such thing as "low cost term" at age 81. There may be a term policy available, but it will be annual renewable term which will end up costing 2-5 times the actual death benefit in premiums from age 81 to age 95. A person who has that kind of money to spend on life insurance doesn't need the life insurance.
Posted: Mon Jun 13, 2011 06:14 pm Post Subject:
No such thing as "low cost term" at age 81. There may be a term policy available, but it will be annual renewable term which will end up costing 2-5 times the actual death benefit in premiums from age 81 to age 95. A person who has that kind of money to spend on life insurance doesn't need the life insurance.
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