A life insurance policy can protect and provide for your loved ones when you are no longer around to do so. Despite the obvious need for most people, too many individuals either put off or avoid purchasing life insurance for a variety of reasons. One of the most prominent excuses is a misconception about life insurance cost. Here are a few facts about finding the right life insurance policy, paying for your coverage, and several things that you can do if money becomes tight.
Facts About Life Insurance Cost
Do you think that life insurance is too expensive? If so, you're not alone. According to a recent
, the average consumer estimates the cost of life insurance as being twice as high as the actual price. In fact, this is the main reason that many give for not purchasing a life insurance policy at all. While coverage is surprisingly affordable, several factors influence life insurance cost. These include your age, current health, driving record, hobbies, and even your credit history.