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Is $67.00 too much for a term life insurance policy worrh $500k?
I finally got life insurance and it is pretty much the same price for the next 34 years. However, I have not searched around and compared prices. Is $67 per month too much for a $500,000.00 policy at age 23?
That’s sounds about right for a 35 year level term insurance. Now that you are protecting your family, you should consider opening a retirement account such as a Roth IRA and invest on a monthly basis. If you invested in mutual funds of $200/month and you get an average rate of return of 12% during the next 35 years, you can potentially have $1.3 million.
