How much should you pay for life insurance? – CBS News

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By matt richardson
/ CBS News
When it comes to life insurance the amount of coverage you need is particular to your own individual circumstances and standard of living. There is no set amount everyone should have. It depends on a variety of factors, including how much you’re willing to pay in premiums each month.
But how much should you be paying for life insurance?
Similarly, the answer is the same as the amount of coverage needed: it depends. Factors like your age, health, family history and even if you smoke will all determine how much you pay each month. 
If you don’t have life insurance – or want to get more – now is a good time to act. Don’t hesitate and get a free quote today.
Not sure how much your monthly life insurance bill will be? There are a series of factors to consider to help narrow it down.
How much you can expect life insurance to cost is tied to all of the following factors. Take these into account when trying to get an accurate figure:
You could wind up paying as little as $17 per month up to and surpassing $75 per month (or more). It really depends on your age, health and other specific factors mentioned above.
Not sure what you’re eligible for and how much it would cost you? You can get a price estimate today by answering a few short questions.
The above list is not exhaustive and other items may be taken into account. Life insurance companies will potentially insure you for hundreds of thousands of dollars so they’ll want to be fully aware of who they’re covering.
There are, however, some things you don’t have to worry about when trying to accurately gauge your monthly life insurance cost. This includes, but is not limited to:
Think you now know what cost to expect for life insurance? Act now and get the best rate for you and your family
First published on August 18, 2022 / 12:44 PM
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