Not as much as you think. Life insurance is surprisingly less expensive than most people think. The first question that clients will ask themselves is "how much can I afford to spend on life insurance a month at this time? Twenty dollars a month? Fifty dollars a month? One hundred dollars a month? This should be an amount of money that you can stick to even when surprise bills show up that disrupt your finances.
Once you have the answer to this question, you can then determine the amount of life insurance you can comfortably afford.. The price is a part of the conversation, but there is plenty of room to be flexible to meet your life insurance needs.
At Gregg Stephens Insurance, we can explain the difference between whole life and term life insurance coverages and then tailor a package that can fit your needs as well as your budget.