Life Insurance: How much do you really need?

Three out of four people say they have a good understanding of Life Insurance. But do they? When asked how much the annual cost would be for a 20 year, $250,000 Term Life Insurance Policy for a healthy 30 year old, 80% over estimated the cost. One in four of the participants thought it would be $1,000 or more a year. In reality the average cost for the 20 year $250,000 term policy is about $160 a year. That’s a little over 40₵ a day. Continue reading