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How much does $1.5 million ($1,500,000) of life insurance cost?

How much does $1.5 million ($1,500,000) of life insurance cost? I was working with a client recently who needed life insurance to protect his family.  After we went over some basic health questions, we did an in-depth needs analysis and determined he should have $1.5 million–$1,500,000 of life insurance in place to protect his family. He was 45 years old, married with two children, and had a good job and a mortgage.  He wanted to a policy that wasn’t going to be a strain on his monthly expenses. So after we instantly shopped the top companies in the country, we found […]

Post image for $500,000 Term Life Insurance Policy

$500,000 Term Life Insurance Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insured. Despite the importance of term life insurance, amazingly few of us have a term life insurance policy in place.  It is even more surprising when you consider $500,000 of term life can be had for as low as $15 month! Why Do You Need Life Insurance? For folks with a home loan and a family to support, not having a life insurance policy subjects your family to unnecessary risk. This danger becomes apparent when you […]