What is the cost of term life insurance?

What is the cost of term life insurance?

Term life insurance rates A term life insurance policy is the right policy for most people. A healthy 30-year-old male can expect to pay an average cost of $26 a month for a 20-year policy with a $500,000 coverage amount.

Is level term life insurance good?

Level term life insurance is the ideal option if you are looking for a set amount of cover for a certain period. … Decreasing life insurance policies pay out an amount which reduces over time, and means your premiums will be cheaper than with a level term life insurance policy.