Chicago, IL (PRWEB) October 22, 2014
YourLifeSolution.com, an online life insurance comparison service, is today publishing the average and realistic life insurance rates that consumers can expect to receive. The service contends that while it’s possible for consumers to qualify for better rates, the average life insurance rates are somewhat higher than the most ideal. The decision to illustrate and publish this information was made due to the endless claims on the Internet that $250,000 of life insurance can be obtained for about $15 per month. YourLifeSolution.com explains that while this is possible, it’s usually for products with minimal fixed rate guarantees and only on the healthiest and relatively young applicants. “Buying a ten year, or worse yet, a one year term policy, isn’t generally going to be of much of any benefit to someone under the age of 40 who is fairly healthy. Yes, the rates will be exceptionally low, but costs will undeniably skyrocket 10 years later. Getting an affordable, but not necessarily ‘cheap’ life insurance policy is much more advantageous in the long run when you look at aggregate premiums paid for coverage,” said Eric Smith, the founder of YourLifeSolution.com.
Average Life Insurance Rates for $500,000 Worth of Coverage on a 20 Year Fixed Term According to YourLifeSolution.com
25 year-old fairly healthy non-smoking man: $25 per month
25 year-old female counterpart: $22 per month
30 year-old fairly healthy non-smoking man: $29 per month
30 year-old female counterpart: $23 per month
35 year-old fairly healthy non-smoking man: $30 per month
35 year-old female counterpart: $26 per month
40 year-old fairly healthy non-smoking man: $39 per month
40 year-old female counterpart: $35 per month
YourLifeSolution.com invites all adults to view their own life insurance rates online within the site’s homepage. Consumers can also get information by phone directly from Eric Smith by dialing 888.374.2764.