Author:
Most people estimate that their life insurance would cost triple the amount it actually does, and that’s the #1 reason they don’t have it.
According to the 2015 Insurance Barometer Study, when asked what the annual premiums would cost to insure a healthy 30-year-old, most of the people surveyed estimated the cost to be between $400 and $1,000 year. The actual price for a policy like that is actually only $160 per year.