(888) 78dd8-1052

Speak with a Licensed Adviser

Best Life Insurance for Under $100 Month

best life insurance under $100 month

Best Life Insurance for Under $100 Month

A good life insurance policy will allow you to continue providing for your dependents if you were no longer here.  It can eliminate certain bills such as the mortgage or rent payments, routine bills and pay for the day to day expenses such as food, auto, and other costs you may currently have.  Also, it can provide immediate funds to satisfy the funeral, which runs an average of $7k to $15k-due immediately. 

Since being a parent is an enormous responsibility, you want something that will provide you with peace of mind, knowing that if anything were to happen to you, those depending on you and your paycheck will not become destitute.  That is what miracle of life insurance provides.

So you have a budget of under $100 month for life insurance-what type of policy can you get?

Fortunately, since prices have dropped to all-time lows, the amount of coverage you can purchase is unbelievable.

Let’s take a look at some of the best policies available for under $100 month:

30-Year Old-excellent health, non-smoker

Male-$1,000,000 policy 30 year term= $60 month with SBLI

Female-$1,000,000 policy 30 year term= $47 month with SBLI

40-Year Old-excellent health, non-smoker

Male-$3,000,000 policy 15 year term= $100 month with SBLI

Female-$3,000,000 policy 15 year term= $97 month with SBLI

50 Year Old-excellent health, non-smoker

Male-$500,000 policy 20 year term= $82 month with SBLI

Female-$500,000 policy 20 year term= $60 month with SBLI

60 Year Old-excellent health, non-smoker

Male-$250,000 policy 15 year term= $84 month with Banner

Female-$250,000 policy 15 year term= $55 month with SBLI

70 Year Old-excellent health, non-smoker

Male-$100,000 policy 10 year term= $90 month with Protective

Female-$100,000 policy 15 year term= $60 month with Banner

Permanent Coverage-Universal Life-70 Year Old-excellent health, non-smoker

Male-$25,000 policy, permanent coverage, $74 month with North American Life

Female-$25,000 policy, permanent coverage, $60 month with North American Life

Bottom Line

As you can see above, there are tremendous deals on life insurance available if you choose the right company.  Since every company has its own underwriting guidelines and niches, the only way to know if you are receiving the lowest rate is to shop around.  You can do this by receiving quotes from different companies individually or use a broker who can do the shopping for you. 

See what rates you qualify for.  Just enter your zip code and compare!

Looking for a free needs analysis or prefer to speak with a live agent for free?  Call (888) 988-5394

*Rates as of 5/05/2013. The information in this post is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.

Photo: (401k) 2013