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Posts: 4231
insurance
Jan 19 at 9:57 PM
Really, any reputable insurance broker should be able to help you. They will likely have a variety of products and providers for you to choose from, at different price points, to fit different budgets and needs.
Like others have pointed out, your age and current health status, plus whether or not there's a physical involved, all factor into the cost of insurance. It is far cheaper to buy insurance in your 20's than in your 40's or 50's. Also, being male will usually drive up the cost (I was told that's because they tend to die younger and/or engage in more risky behaviour that can result in accidental death, although I don't know if that's true or not). Things like smoking and obesity also drive up costs substantially.
Additionally, whether it's term (temporary) insurance, or whole life (permanent) insurance will greatly influence the cost. Term insurance will be much cheaper over whole life for the same amount of coverage. Most people have some combination of the two - a term policy to get over the hump of having young children, a mortgage, income replacement fora spouse, all those expenses associated with that phase of life, while having a whole life policy to cover expenses later when you hopefully have savings, no mortgage, and are basically self-funding based on assets.