Average Life Insurance Cost Per Month For One Person

The health care cost per person covered by a policy will be set according to their age with rates increasing as the individual gets older children up to the age of 14 will cost a flat rate to add to a health plan but premiums typically increase annually beginning at age 15.

Average life insurance cost per month for one person. Indeed average annual costs per person hit 10 345 in 2016. Health insurance companies determine the set of policies offered and the cost of coverage based on. In 1960 the average cost per person was only 146 and a djusting for inflation that means costs are nine times higher now than. The average amount currently paid for life insurance is 30 40 per month but that includes every type of policy and a full range of different factors.

The average cost for the same policy for a female smoker is 511 per month. A 20 year 500 000 term life insurance policy will cost about 100 more per year. By waiting 20 years until age 50 rates for a 20 year 500 000 term life policy will more than triple. The average cost of a 20 year 500 000 term life insurance policy for a male smoker is 707 per month.

We ve found that the average cost of life insurance is about 126 per month based on a term life insurance policy lasting 20 years and providing a death benefit of 500 000. For a healthy person between the ages of 18 and 70 life insurance costs an average of 67 88 a month for a 20 year 250 000 policy. Typically you are not considered a non smoker until you are nicotine free for at least 12 months. You should think of this number strictly as a baseline your own rates for life insurance will change depending on your age the insurer you choose and the amount of coverage that you find is right for your family.

You can get a free life insurance quote to find out the exact life insurance rate you ll pay will come down to factors like your age health and lifestyle.