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The amount of life insurance that an average person would need greatly depends on the persons circumstances. If one has many dependents then one would want to have more life insurance to ensure that ones family is taken care of. The Smart Money website offers a calculator to assist in calculating an amount that would be suitable.
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∙ 10y ago
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Who much is the average person worth?
It is estimated that the worth of the average person in the USA is $180.000. Based on personal goods, cash, business ownership and life insurance
On average how much do Americans spend on Insurance?
On average Americans will spend $94,000 on insurance during their life. The types of insurance Americans will spend this money on are health, auto, home and life.
How much does the average person spend on health insurance monthly?
500
How expensive is elderly life insurance?
The cost of elderly life insurance can vary depending on factors such as age, health status, coverage amount, and type of policy. Generally, premiums tend to be higher for older individuals compared to younger ones. It's recommended to get quotes from different insurance providers to find the most suitable and affordable option.
How much money does the average person pay for car insurance?
about $800/year.
How much does the average American spend on life insurance?
No one will never know.
How much is an average life insurance policy worth to the survivor?
The average life insurance policy is worth around 250,000 dollars to the survivor. Many people have policies that pay out even higher.
What is the average cost for life insurance?
The cost of life insurance depends on many factors. Age, gender and how mych coverage you choose will depend on how much it will cost you.
What is the average life insurance premium for a healthy young adult?
The average life insurance premium for a healthy young adult is typical between pennies a day and a dollar a day. If you are paying anymore than a dollar a day on life insurance as a healthy young adult you should consider switching policies because you are getting a terrible costly deal when there are much better options available to a person of your nature.
How much does the average person spend on auto insurance?
There are quite a few factors that will determine how much insurance costs, I would call a local agent for a quote.
How much on average would it cost to buy a life insurance policy on your mother?
There are too many variables to give you an "on average". How old is your Mom? How much insurance? What kind of insurance? How is her health? And most importantly, will she sign an application? I can help. 4LifeGuild
Can someone take out a life insurance policy on someone that they do not know?
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
