What do you pay for life insurance?

[mbcdefg]

Can you please tell me what kind of policy you have, and what you pay for it each month? 

Thanks. We really need to get moving on this. I just feel like the policies are so expensive. 

[dancingirl21]

$96.15 per month. DH has a $1 million policy and mine is $700k. It's a term 20.

[ddi741]

$250k policy, I pay $18/month

[Pom]

We got Mr. P a 20 year term at age 39 for $1 million. We pay $1400/year. He was outside the preferred weight class, as well as a terrible family health history + age, so his premium was considerably higher. This policy will take us to retirement.

ETA: Prudential has more generous "weight" charts, some insurers were way more expensive.  We did this through selectquote.com.

[Susie]

$45.45 and $44.63/mo. Both 30 year term, and I think $750k for both policies.

[Velar Fricative]

20-year term.

Me: $61/mo for $1.5 million. I'm overweight right now but I don't think it affected my rate all that much.
DH: $102/mo for $800k. He's obese. Not sure if his age also plays a role (almost 40).

We went through selectquote and these were the lowest rates we got, and they're through William Penn.

[bostonmichelle]

It is about $82/month for both DH and I, slightly skewered towards DH. We both got 30 year term $750k policies.

[genet313]

Term 30 year, I believe (if not 30, then 20).  $1M for DH only.  $430/year ($36/month)

ETA:  We used a broker, DH is in good health.  This was among the lowest rates for the companies broker recommended. 

[justjen]

$93.63/mo and $107.63/mo. I forget who is who. Both $1M 20-year term. DH has a mild heart issue and I'm overweight.

[whitemerlot]

20 year terms and 1 million each

$56 for h, $83 for me

[msmerymac]

A lot.

My $500k, 30 year policy is about $81 per month.
My H's $500k 30 year policy is $99 per month.
My H's $500k 20 year policy is $54 per month.

I guess we are kind of old.

H is through Transamerica and I can't remember mine, but we got all through Selectquote. 

[shaynaatl]

We pay $130 a month for both of us. 30 year, $1M term each.

[orangeblossom]

$458/year. I'm in the second tier. I have high blood pressure and a not so great family health history. Policy is for $800K

[iheartbanjos]

I have a $1M policy that is $80/month. I have had 2 brain tumors, but am otherwise healthy. thay drove up my cost.

H has a $2M policy for $100/month. He is healthy and got the lowest rate available.

[Melissa W.]

term policies
$500 on DH $52 per month
$250 on me $25 per month

[simpsongal]

We each have 20 year term policies, $750K each. Like $310/yr for me, and $350/yr for DH (men are typically higher)

[mbcdefg]

Thanks, all. I put in a request with SelectQuote.

Anyone have Allstate? Our auto policies are through them so I wonder if they offer a package deal or discount.

I have 1.5x my salary offered through work, but obviously that isn't going to cut it.

[whitemerlot]

Select quote will compare many companies at once. It's a great way to go.

[LoveTrains]

I'm obese and I've been getting quotes and am seeing like $50-$75/month for $500K. It sucks.

[whitemerlot]

Jul 27, 2015 20:00:57 GMT -5 LoveTrains said:

I'm obese and I've been getting quotes and am seeing like $50-$75/month for $500K. It sucks.

My h got a quote after a recent medical diagnosis for $459 a month for a 30 year term. We have a 20 year at $56, both for 1 mm. Needless to say, we won't be getting a 30 year policy.

[thumper55]

Your post brought me out of lurkdom

mine is  $1140 annually ($95 monthly)

Dh $1440 annual ($120 monthly)

both: 30 year, 1.5m

[thatgirl2478]

Term for both of us.

DH = 750k for $65/mo - 15year
Me = 400k for $185/year - 15 year

If you go to zanderins.com you can anonymously get a bunch of free quotes.

[auberge]

H- $90 30 year term, 1 million
Me- $53 30 year term, 750k

[lmb5109]

Jul 27, 2015 13:41:24 GMT -5 iheartbanjos said:

I have a $1M policy that is $80/month. I have had 2 brain tumors, but am otherwise healthy. thay drove up my cost.

H has a $2M policy for $100/month. He is healthy and got the lowest rate available.

Who do you go through? I have crohn's and pay $60/month for a $250k policy when I was 36. DH pays $55/month for s $250k policy but he was a smoker when we got it, he's almost a year at quitting so his rate should go down to $40, he was 34 when we got the policy. 

We pay for life insurance though work also. Total is about $750k each

[iheartbanjos]

Metlife

[AAM2012]

$71/mo for a $1m 30 year term but it's not the best rate available as my cholesterol was slightly high at the time. I should probably request to have blood drawn again because they said if it improved I could lower my cost/rate.

[Deleted]

$21.44 for a $500k 20yr for me

$8 for a $600k employer plan for DH. I hate this plan because it was so cheap it meant we never bought him a private plan before his diagnosis & now we can't.

I also play $5 for a $20k employer plan for DH (largest amount I can get through them with no medical exam).

[MrsDarcy]

30 year term, 500k each, we were both around 30 when we got it, and both got the highest rating. $69/month for both.

[mrshandy]

$36/month 20 year term for $1M

[M]

Our latest one is ~$45/$55 (me/H) for 30 year $1mm. We got it a year ago at 29. The first policy we got was also 30 year $1mm at age 22 but only ~$23 each. Wish we had gotten more when we were younger.