The average life insurance rate by age, sex, and coverage type

June 1, 2020 by Liz Knueven

Life insurance is surprisingly affordable. The average cost of life insurance is $44 per month, according to data from S&P Global. 

Across all life insurance policies — including more expensive and guaranteed-to-pay-out whole life policies, in addition to cheaper, temporary term life policies — that breaks down to $538 in premiums per year, or about $44 per month.

In 2019, life insurance companies took in over $151 billion in premiums across over 280 million policies. 

Click HERE to read the full story via Business Insider

Originally Posted at Business Insider on May 28, 2020 by Liz Knueven.