How Much Is A Good Life Insurance Policy? 
I am going to take a philosophical approach to answering this question . I think it would help you understand the value you are getting for your dollar with this product . Lets suppose that you know with absolute certainty you are going to die next Tuesday . No doubt about it . Was definitely going to happen . Sad to think about , but hey - we are talking about life insurance . Now lets suppose that an insurance company is willing to insure you . -LRB- Yes , I know its crazy , but work with me here . -RRB- And lets suppose they are willing to offer you a $ 1 million policy . Would that be enough ? OK , lets say it would be . How much would you be willing to pay for that $ 1 million of coverage ? You know that the company is going to put out that money . The payout is guaranteed . And you know that the premium is going to be lower than the benefit . Even if you paid $ 900,000 for that $ 1 million dollar policy , you would still get a 10 % return on your money . By any standards , that is a good deal . If you had that money , no doubt you would pay it . And that would be a good deal for three reasons . One : your beneficiary would be getting money that was needed when they lose you . Two : there is an ironclad contractual guarantee from a very strong financial institution to give them that money . Three : the cost would be very reasonable and you would definitely get your dollars worth . All true ? So you would do everything possible to make this deal happen all because you know you are going to die next Tuesday . The only difference between this hypothetical scenario and real life is that you do not know when you are going to die . It could be tomorrow . It could be next Tuesday . I could be in 20 years . You just dont know . Otherwise , all factors remain exactly the same : You know you are definitely going to die sometime . You know your beneficiaries will need the money when they lose you . There is an ironclad contractual guarantee from a very strong financial institution to give them that money . The cost would be very reasonable and you would definitely get your dollars worth . The moral of the story is that regardless of the cost , life insurance virtually all the time remains a fantastic deal . You just have to be willing to pay for it . The better question is : what is the value of a good life insurance policy . Want to keep learning ? Read my blog : planrisklive.com 