What is the yearly premium cost for life insurance?

Yearly premium is the price you pay annually for a life insurance policy.

Your annual premium is based on the amount of coverage multiplied by the rate for your policy.

So, if you have a $5 rate and you need $100,000 of life insurance, your annual premium would be $5 X $100 = $500.

You may also have the option of paying premiums monthly, quarterly, or semi-annually.

Learn more about the cost of yearly premiums for a life insurance policy.