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How much life insurance can be bought for 1000?

Updated: 8/19/2019
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13y ago

Best Answer

It depends on various factors such as:

1) Type of life insurance. Is it term, whole life, or universal life? If term, the type of term, such as level term, declining term, or others.

2) The age of the insured

3) Family health history of the insured, and of the insured him/herself.

4) Whether the insured smokes or not.

5) How often you want to pay $1000. Is it monthly, quarterly, semi-annually, or annually?

6) With some companies, they use different rates based on gender.

7) The insurer, because rates differ between insurers.

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13y ago
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