Life Is Cheaper Than Health!
Look at the paradox here: Today, it is becoming increasingly difficult to keep yourself healthy thanks to the rising cost of health care and of health insurance policies as well. However, life insurance has become cheaper than ever before. And most insurance firms are not sure how long this downfall will continue! Just look at these figures: In 1990, a healthy 40-year-old man would have paid $1,405 a year for $500,000 in insurance for a 20-year period. That same policy now costs less than $400!
If you are healthy, you could save money by replacing the older insurance with a new 10-year term policy for $525 a year or a new 20-year term policy for about $1,000 a year. The savings are even higher for policies for $1 million or $2 million in coverage. However, about 24 million U.S. households have no life insurance, according to recent research. Consumers cite a number of reasons for not taking insurance including plain laziness, confusion and concerns about cost. And nearly 20 percent say it is ‘unpleasant to think about dying’!
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September 9th, 2006 at 2:07 pm
I think this paradox is not as bad as it seems. Although the increase in cost of health insurance makes more serious problem for families or workers especially who work in small businesses but cheap life insurance is like a very good opportunity for bringing comfort for your family in not expensive way.