Some of our clients think million dollar life insurance will be too expensive. That’s not true!
At MillionDollarLifeInsurance.com, it’s our mission to ensure that you’re getting the best plan available. We know buying life insurance protection is not a fun task.
If you don’t have life insurance, your debts are going to your family without the money to pay them off.
We are going to explain some of the best ways that you can save money and still get the million-dollar life insurance protection that your family deserves.
Do You Need $1 Million Life Insurance?
How Much does Million Dollar Life Insurance Cost?
A million dollars sounds like an insane amount of money, but it’s surprising how many families would need AT LEAST this much coverage.
Once you’ve decided how much life insurance you need, the next step is to figure out how much you’re going to pay for the plan.
As you probably know, there are tons of variable in deciding your premium sizes. Without knowing all of this info, we can’t give you an exact amount, but we can give you ballpark figures.
Let’s assume you’re a 45-year-old male and you wanted to get $1 million in coverage. Depending on the rest of your health and the carrier you choose, you could spend around $1,800 every year.
The younger you are and the better your health, the lower those premiums go. For example, if you’re only 25, you’re rates are dropping down to $650 annually.
Before you get approved, you have to take a medical exam (unless you purchase a no-exam plan, which is difficult to find for a one million dollar insurance plan), and the results of that exam are going to impact how much you pay for coverage. You need to get better results from the exam.
There are two main ways that you can do that: diet and exercise.
Making some healthier lifestyle changes can work wonders for your health and your insurance costs.
If you can’t lose that stubborn weight, you can connect with companies which have wider weight groups. Some companies use standard BMI charts, while others have created their own weight charts.
There are some carriers who will put you in an “overweight” group, while others will still put you in the traditional healthy class.
When you’re shopping for life insurance, there are two ways you can shop.
The first is to sit down with a long list of numbers and start dialing. Work your way down the list. Doesn’t sound like a fun way to spend the next couple of days, does it?
The other choice is to make ONE phone call. That call should be to one of our independent professionals.
Instead of you having to do all the work, we do it for you. We will get quotes and then organize them into the best choices. This will allow you to compare them side-by-side.
There are a lot of independent agencies, all of them work with various carriers. You need to get the most quotes available.
Getting The Million Dollar Life Insurance You Need
If something tragic happened, your debts don’t magically disappear. They are going straight to your children or spouse.
Sure, nobody wants to imagine the awful possibilities, but the future is unknown. Unless you have a crystal ball to see into tomorrow, you should go ahead and get the life insurance process started today.
If you have any questions about getting cheap million-dollar life insurance, please contact one of our agents today. We would love to answer those questions and connect you with the quality plan to meet your needs.