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Doug's Did You Know? Life Insurance Edition

May 19, 2020
Author: Liz Giannetti

Most people estimate that their life insurance would cost triple the amount it actually does, and that’s the #1 reason they don’t have it.

According to the 2015 Insurance Barometer Study, when asked what the annual premiums would cost to insure a healthy 30-year-old, most of the people surveyed estimated the cost to be between $400 and $1,000 year. The actual price for a policy like that is actually only $160 per year.