Life Insurance

What percentage of life insurance is term life?

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Wiki User
August 27, 2010 3:25PM

It appears that the asker of this questions wants to know how

much of the whole life policy they have is going for the insurance

death benifit. It could also be that they are asking what

percentage of life policies sold are term insurance policies.

Assuming the first thought is so, the answer is that it may be

stated in your policy or under the 'right to know' sections of your

policy illustration. you can even know what percentage commission

your agent gets if you ask him or the company.

I will use the illustration that I find interesting. A mid 30

female asked for a quote on life insurance. A 1 million dollar

policy. For $60/ month she could buy term insurance, for $470/

month she could buy whole life.

What percentage is going toward term insurance or the death

benefit? I see it has a $410/month difference, which if invested

well will perform better in the long run.

If it is the 2nd question, I do not know the answer.

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