Preferred Financial Group

"We listen, we educate, then we perform like no one else in the industry."

Frequently Asked Questions

"How Much Will Life Insurance Cost Me?"


This depends on a number of variables such as age, health, gender, type of policy and the benefit amount. For instance, a healthy 35 year old male who buys a 20 year level term policy with a fixed annual premium, might pay $300 a year to secure a $500,000 death benefit. This compares to a healthy 45 year old male purchasing the same type of policy who would be paying $450 a year.

Premiums for cash-value policies are much higher. A healthy 35 year old male who would pay $300 per year for a $500,000 term policy would pay about $3,000 per year for a whole life policy…This is because a portion of the annual premiums are directed to the savings/investment portion of the policy.