How Much Does Life Insurance Cost On Average? 
The premium you pay for life insurance depends on factors such as age , insurability , gender , lifestyle , family health history and insurer . It also varies based on how much you need and how long you need it . Term life insurance can cover a temporary need and is very affordable . For example , if you are a male age 40 in excellent health , it may be possible to obtain $ 500,000 coverage for a level premium for 30 years that amounts to a little more than $ 2 per day . For lifetime coverage that you can not outlive , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . You should meet with a life insurance professional who can assist you . 