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People often don’t purchase enough (or any) life insurance because they think it’s too expensive. They might be surprised to find out just how affordable term life really is.
- $150,000 is the median amount of life insurance purchased these days.
- But, a 35-year-old with an income of $60,336 (average household income in U.S.)
- Would need $934,739 just to replace lost income (and no other expenses) at death.
- And could get $750,000–$1,000,000 of Term 20 for $28.24–$33.80/month (Preferred Elite Non-tobacco Female age 35 user rates).
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