How Much Does Life Insurance Cost ?
A friend of mine was asking me if I know how much does life insurance cost simply because my wife works in the bank and the banks sell life insurance too. He mentioned about getting across the http://www.JGVFinance.com which he found to have an article about how much does life insurance. He questioned me and I. show more A friend of mine was asking me if I know how much does life insurance cost simply because my wife works in the bank and the banks sell life insurance too. He mentioned about getting across the http://www.JGVFinance.com which he found to have an article about how much does life insurance. He questioned me and I check the site and as far as I can see they so far said what you can do or how you can arrive at a certain amount or price. Is this site legit? or what the articles are saying true?
Best Answer: This particular site doesn't provide anything other than basic information about life insurance and other products.
There are redirects on the site which take you to AIG or Statefarm, within the google adsense boxes.
The cost of life insurance varies by company. Because each company has a different formula in which the actuaries use. Some may be more
favorable for someone that is older, or some might be more favorable towards someone that is a smoker.
The only way for someone to know what it costs is by contacting these companies. They will then ask a series of specific questions.
3. Medical History
4. Smoker or Non-Smoker
There are several things that determine the cost the company will charge the client.
So someone asking a blanket statement on how much insurance costs is almost like someone asking how much does a car cost. It all depends.
It's always good to shop around for the best offer, determined by what exactly your looking to accomplish. Life insurance isn't always a slam dunk deal. Meaning, term life insurance is the best. There are several different types of life insurance.
If this is something that you do not have experience in. I would then tell your friend that he needs to start contacting several different companies so that they can first qualify them on there financial needs. Secondly, qualify them on the best life insurance product to fulfill there needs.
Just my two cents.
P.S. Any site that just has words, but not specifically providing any recommendations is legal.Source: answers.yahoo.com