The cost of a whole life policy per month depends on a variety of factors, including your age, the amount of coverage needed, the type of policy you choose, and health history. Typically, whole life insurance policies can cost anywhere from a few hundred dollars to over $1,000 per month.
For example, the monthly cost for a 20-year old healthy male for a $500,000 life insurance policy is approximately $18.17 per month. However, the same life insurance policy for a 45-year old male with health issues can cost up to $200 or $300 per month.
The best way to get an accurate and up-to-date quote on how much a whole life policy should cost per month is to contact a licensed life insurance agent. An experienced life insurance agent can provide you with multiple quotes from a variety of reputable companies to ensure that you get the best protection and value for your money.
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