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Forum -> Household Management -> Finances
How much do you pay a year for life insurance?



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amother
OP


 

Post Yesterday at 2:44 am
And how old are you or your husband and how long is your life insurance term?
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amother
Chocolate


 

Post Yesterday at 8:58 am
5.5k for dh. He made it when he was 22. It's a 10 year pay whole life policy. The death benefit is 250k.
I have a 20 year term policy for 1 million. It costs around 500 a year.
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amother
Copper


 

Post Yesterday at 9:04 am
Dh is $950/year, ten year 1.25 million. Mine is less maybe $600 for the same benefit.
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amother
Starflower


 

Post Yesterday at 9:14 am
Purchased a year and a half ago 20 Year policy $3mm benefit
Me purchased at 29yo $1,320/year
DH purchased at 34yo $2,402.40/year (he's a bit overweight and had slightly elevated cholesterol)
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amother
Nutmeg


 

Post Yesterday at 9:48 am
We pay 126.20 per month for life insurance for me and dh. I don't know the split since we purchased about 13 years ago when we were in our mid 20s. DH is 750k and mine is 500k (definitely not enough) both 30 year term with return on premium. We really need to buy another 30 year term but dh needs to lose some weight so we are pushing it off.
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amother
Amber


 

Post Yesterday at 9:52 am
I pay $276 a year for 20 year 1 million dollar coverage. Signed up at age 22. It’s non convertible which made it cheaper.

I don’t remember how much my husband’s plan is.
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amother
Geranium


 

Post Yesterday at 10:00 am
About 24k a year. We have a mix of term and whole life policies with 3mil on both my husband and myself. Should we never need it.
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amother
Peony


 

Post Yesterday at 10:08 am
5.5 mill for dh, 30 year, started at 35. Pay 1100 quarterly. Total 4400 per year.
My policy is 1 mil also started at 35. Pay about 500 annually.
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amother
Natural


 

Post Yesterday at 10:11 am
$165 per month for dh and $80 per month for me. We both have policies for $750, got them in our 20's about 20 years ago. Now it doesn't seem like enough but at the time it seemed like a vast amount of money.

We also added some supplemental life insurance through dh's work, 2x his annual salary with payments deducted from each paycheck. But that's on an annual basis.
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