I was considering buying now because I thought it would be much cheaper than to buy it when I start to get older. I don’t know anything about , I know there is term then there is universal or something.

I am 18 years old, I don’t smoke and rareley drink. If it jhelps to know, I have never been diagnosed with any sort of disease. My grandfather did have prostate cancer, I’m not sure if that is relevant and my other grandparents both died of heart attacks in there 40s.

How much do you think would it cost for, whenever I die, a 1 Million dollar policy.
Thanks for all of the answers everyone, I didn’t expect so many good ones. Although I feel I’m still a little confused maybe I’ll consult an agent, because I’m still uncertain which type of is the best for me, I pretty much think that term is not good for me because even if I bought a 30 years term policy and I live past my 48th birthday I’ll get nothing from it.

 

  • newjerseyguy 1:08 pm on March 10, 2010

    You are correct to buy it while young because it is cheaper. You can probably get a 30-year level term policy quite cheaply. Consult an independent insurance agent and get several quotes. Beware of the on-line insurance pitches. Go with a quality insurance company.