How Much Does It Cost To Buy Life Insurance? 
There are several different types of life insurance available . Term Insurance , Universal Life , Indexed Universal Life and Whole Life are the main types . Term life insurance will be the least expensive but it also offers the least flexibility in many ways . Term is just that - a definitive length of time . If you buy 10 year term and you die 10 years and one week later , it pays your beneficiaries nothing . Universal Life can last your entire lifetime with little or no cash build-up inside the policy . Indexed Universal Life and Whole Life can have significant cash build-up inside the policy which can be accessed through policy loans . This can be part of your strategy on paying for college , buying something major in your life or supplementing your retirement income . The cost of life insurance is determined by the amount of coverage desired , age , gender , medical history and the results of a paramedical exam . There is no cost to you for applying or for the paramedical exam - the insurance company covers those costs for you . By way of example , a non-smoking 25 year old female in excellent health , rated Preferred Best can get $ 250,000 of 20 year term for about $ 135 per year . I recommend you contact a knowledgeable , independent life insurance agent who can explain the different types of life insurance in more detail and help determine which is most appropriate for your needs . An independent agent will be able to let you pick from dozens of insurance companies available . 