How is it possible that some life insurance policies can be so affordable?Well, it really depends on the type and amount of life insurance, and your age, gender and health, among other things.
But, if you are young and generally health, you may qualify for really affordable rates on term life insurance which is temporary life insurance lasting for a duration between 10 and 30 years.
The shorter the "term' of your life insurance policy, the lower your annual cost of coverage.
Since few young people will pass away within the next 10 or 15 years, many of those buying a term life policy may outlive the duration of their coverage, and there would be no death benefit paid out since the insured would still be alive.
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How is Life Insurance So Cheap?
