How Much is $300k Life Insurance on a 20-Year Level Term?
Is $300k of Term Life Affordable?
Many people assume to secure a $300,000 life insurance policy to protect one’s family will be expensive. The reality is life insurance; in particular term life insurance is unbelievably affordable today. Actually, as you will see below, a healthy 42-year old male can lock in a $300,000 policy for the next 20-years for less than $1 a day. That is truly leveraging money to your advantage!
Here are sample premiums for $300k on a 20-year term
AgePreferred PlusPreferred Standard PlusStandard
30$14$17$22$24
35$15$18$24$26
40$20$24$32$36
45$30$35$47$56
50$45$53$73$81
55$71$83$110$135
60$125$145$191$221
Verdict
After reviewing the rates for $300k, everyone who is eligible should have a life insurance policy in-force to protect their family from the uncertainties of life.
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Find the best rates on life insurance here.
