Chicago, IL (PRWEB) March 27, 2014
YourLifeSolution.com is a provider of online universal life insurance quotes and online term life insurance quotes. The service is operated by Eric Smith, an independent agent domiciled in Chicago, IL. They are today releasing a chart displaying lifetime term life insurance rates. "Lifetime term life insurance, AKA no lapse universal life insurance, is an excellent product that provides the optimal cost-per-unit for coverage and does so in a way just as simple as term coverage does", said Eric Smith.
Below illustrates a healthy 40 year-old woman's lifetime term life insurance rates and total cost in parentheses if death occurs at 80:
$250,000 $108 per month ($51,840 cost)
$500,000 $212 per month ($101,760 cost)
$750,000 $312 per month ($149,760 cost)
$1,000,000 $395 per month ($189,600 cost)
Healthy 45 year-old man's lifetime term life insurance rate
$250,000 $150 per month ($63,000 cost)
$500,000 $301 per month ($126,420 cost)
$750,000 $451 per month ($189,420 cost)
$1,000,000 $564 per month ($236,880 cost)
Healthy 50 year-old woman's lifetime term life insurance rate
$250,000 $166 per month ($59,760 cost)
$500,000 $301 per month ($108,360 cost)
$750,000 $451 per month ($162,360 cost)
$1,000,000 $564 per month ($203,040 cost)
"This term life insurance rates chart shows just how cost effective permanent coverage can be. It's literally financially impossible as shown in these illustrated scenarios for an insured to pay anywhere near as much for their coverage as the death benefit that will come of it", said Eric Smith.
YourLifeSolution.com encourages all consumers interested in permanent of term life insurance quotes to visit their site today. Information can also be obtained from Eric Smith by phone at 888.374.2764.