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Lonnie Said:

i m from india & i want a only risk focused mini. premium life insurance policy for the term of 15 to 20 yrs?

We Answered:

There is a form you can fill out, enter the amount of coverage you would like and it will show you the current policy coverage amounts.

24 Years old - $250,000 15 Year Term = $87.08 month

Of course there are many factors involved with buying a life insurance policy and I HIGHLY suggest getting an agent involved to recommend the coverage you would need.

Misty Said:

Am I paying too much for my life insurance premium?

We Answered:

It depends on the exact type of policy you have, I ran an illustration:

Male
non-Tobacco
Standard Health
100K
100k accidental

UL
Non-Guaranteed interest rate 5.15%
Guaranteed interest rate 3.00%

$44.25 monthly

Your policy is more, but it may be a different type of policy and may be a good rate for the type of policy it is, I'd have to know the exact kind to know if it was truly competitive or not.


*** After your additional details***

You're premium sounds about right for a 5% guaranteed interest rate. How long do you pay on the policy? i.e. 20 years, 10 years, to age 100, 85....etc. My guess would be a 20 year pay.

If you shop around you may find some less and you'll find some more.

Todd Said:

Single Premium Life insurance?

We Answered:

In the real world, any number of scenarios are possible. If you are asking the question because of your state test, look at the answer in the book or call the host of your classes for the answer. They want you to regurgitate that answer on the test. Don't worry about the real world until after you have your license because it is much more complex.