You already know you need life insurance. But did you know it’s best to purchase a policy early in life? It’s true: Life insurance rates are determined by age and health. So, the longer you wait to apply, the higher your premium, and the harder it is to grant a policy at an old age."
The solution? Buy life insurance today. Don’t put it off until a major life event like getting married or having a baby scares you into action – by then, it may be too late.
Life insurance is more affordable than most people think. How affordable? It depends, but not purchasing life insurance at a younger age can mean paying more money in the long run. The chart below displays the average costs of an Alfa® standard 20-year term policy with a $250,000 face value for healthy, non-tobacco users.
20-Year Term Life Insurance Policy with a $250,000 Face Value
30-year-old male |
$26.88/month |
30-year-old female |
$22.55/month |
40-year-old male |
$40.32/month |
40-year-old females |
$30.78/month |
$3,225.60
difference over the life of the policy |
$1,975.20
difference over the life of the policy |
You may be asking, "What life insurance is right for me?" There are two main types of life insurance – term life insurance and permanent life insurance. We also offer a variety of other life products to fit your specific needs, including guaranteed acceptance life insurance and universal life.
Contact your local Alfa agent today to determine what life insurance policy works best for you.