Adults and parents fear. They care about their  health, safety, economic security and the future of their family. But most families need to put their income  where their heart is by buying  a term life insurance. Here, the issue isn’t about   hypocrisy, but  it’s about  a lack of research and financial  awareness.

To show that it was a common misconception, the research  asked Americans  to estimate the cost of  20 years,  $ 250,000 level term life insurance  of a healthy 30-year-old man. Eight of the 10 people   overestimated  the cost, saying it would be $ 400 per year, which was  more than twice the actual cost of about 160 dollars per year, or about $ 13 a month. Surprisingly, one in four believes that it  would cost more than $ 1000 per year. And you know that if  one  has serious health problems or pre-existing conditions or  high risk hobbies this would  likely require a high  risk insurance ,hence,  obtaining  affordable coverage  is  usually very easy.

How Can You Cost Life Insurance ?


To determine  the true cost of a  term life insurance  respectively,  here are the 10 products or services that people use on a  regular basis, spend money on the cost more than a term life insurance premium would be  for a healthy 30-year-old at 13dollar per  month.

 Food :According to  the National Defence resources, Americans are losing about $ 529 per year or $ 44 per month for undesirable snacks and meals.
Alcohol :According to the Bureau of Labor Statistics, the average American consumer  is usually 1% of their disposable income  spend  on alcohol .
Tobacco : For families with smokers, 14% of  Americans   income is  spent on  cigarettes.
A gym membership : It has  been recorded that the  Monthly  $30 spend on the fitness  company for a 24hours gym membership  could be better used to finance the   life insurance policy.
Electronics :The new 55 “LED TV at the price $ 800 could be used to cover  for five years of a term life insurance.
Games :Video games average $50 per new release. Don’t you think your kid would prefer to have financial security than a game he/she will play for a few months?
Car: car purchase of $ 3,000 and a six-year loan period and 0% APR Save under spending $ 500 per year or $ 40 a month .
Gadget : Depending on the model, you can get the iPad costs about $ 550  with tax years, almost three and a half years of  life insurance premiums.
Entertainment : A few movie tickets, popcorn and drink  total  about  $ 25 which could have been invested into insurance policy coverage.
Fashion :One pair of designer jeans costing $50 or more.

 Saving money and funding your life insurance policy usually  doesn’t  mean  you have  to make your life miserable. In fact, the average cost of life insurance are so small compared to its overall budget, that is  even small concessions, such as reducing waste and limiting frivolous purchases to supplement  funds to purchase much-needed financial tool.