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What is the average monthly cost of life insurance?

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in Insurance by (82.5k points)
What is the average monthly cost of life insurance?

The doubt is from u.s.life insurance

I have been asked this question in final exam.

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How much does life insurance cost for a 75 year old?

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How much does $50000 worth of life insurance cost?

How much does a $100000 life insurance policy cost per month?

How much is life insurance for a 50 year old?

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The correct answer by me is: The average cost of life insurance is $27 a month. This is based on data provided by Quotacy for a 40-year-old buying a 20-year, $500,000 term life policy, which is the most common term length and amount sold. But life insurance rates can vary dramatically among applicants, insurers and policy types.Feb 8, 2022

The title of my answer can be Average Life Insurance Rates for 2022

My answer's reference is NerdWallet

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