1Average American Income: $55,775. Reference: US Household Income, US Department of Numbers, 2017. http://www.deptofnumbers.com/income/us/. Show 2Average age: 63. Reference: Average Retirement Age in the United States, Dana Anspach. August 12, 2019. https://www.thebalance.com/average-retirement-age-in-the-united-states-2388864. 3Average Debt: $136,206. Reference: 2018 American Household Credit Card Debt Study, Claire Tsosie and Erin El Issa. December 10, 2018. https://www.nerdwallet.com/blog/average-credit-card-debt-household/. 4Average: $101,160 (public four-year, in-state 4 years @ 25,290/yr). Reference: "Average Cost of College in America: 2019 Report" https://www.valuepenguin.com/student-loans/average-cost-of-college. 5Average: $11,700. Reference: Here’s how much money Americans have in savings at every income level, Kathleen Elkins. September 27, 2018. https://www.cnbc.com/2018/09/27/heres-how-much-money-americans-have-in-savings-at-every-income-level.html. 6Average: $107,000. Reference: The Average Retirement Savings by Age, Tim Parker. February 1, 2019. https://www.investopedia.com/articles/personal-finance/011216/average-retirement-savings-age-2016.asp. 7Average: $7,181. Reference: How much does the average funeral cost?, Amelia Josephson. May 21, 2018. https://smartasset.com/life-insurance/how-much-does-the-average-funeral-cost. 8Assumes the average cost of a gallon of gasoline is $2.77*. Comparison is based on the average weekly premium for Nebraska Payroll Premium rates industry Class A; Aflac Life Solutions WHOLE LIFE POLICY - Series A68100; Female non-smoker age 18-21. Premiums may vary by coverage type, account,
state of issue, and the election of additional/optional benefits. In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, and Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. Coverage may not be available in all states including but not limited to New York. Benefits/premium rates may vary based on plan selected. Optional riders are available at an additional cost. The policy has limitations and exclusions that may affect benefits payable. Refer to the policy for complete details, limitations, and exclusions. Coverage is underwritten by American Family Life Assurance Company of Columbus. A68000 SERIES - WHOLE LIFE ONLY Limitations and Exclusions for residents of Arizona: Any death benefit of the policy will not be payable if the named insured commits suicide or if anyone covered by additional riders commits suicide, while sane or insane, within two years from the policy or rider effective date. All premiums paid will be refunded, less any indebtedness. The following information only applies to the Accelerated Death Payment, Waiver of Premium Benefit Rider, and Accidental-Death Benefit Rider: The Accelerated Death Payment will not be paid:
The Waiver of Premium Benefit Rider will not waive premiums if total disability is caused or contributed to by:
The Accidental-Death Benefit Rider will not be payable if the named insured’s death results from, is caused or contributed to by:
A68000 SERIES - TERM LIFE ONLY Limitations and Exclusions for residents of Arizona: Any death benefit of the policy will not be payable if the named insured commits suicide or if anyone covered by additional riders commits suicide, while sane or insane, within two years from the policy or rider effective date. All premiums paid will be refunded, less any indebtedness. The following information only applies to the Accelerated Death Payment, Waiver of Premium Benefit Rider, and Accidental-Death Benefit Rider: The Accelerated Death Payment will not be paid:
The Waiver of Premium Benefit Rider will not waive premiums if total disability is caused or contributed to by:
The Accidental-Death Benefit Rider will not be payable if the named insured’s death results from, is caused or contributed to by:
A68000 SERIES – WHOLE LIFE ONLY Limitations and Exclusions for residents of Idaho, New Jersey and Virginia: Any death benefit of the policy will not be payable if the named insured commits suicide or if anyone covered by additional riders commits suicide, while sane or insane, within two years from the policy or rider effective date. All premiums paid will be refunded, less any indebtedness. The following information only applies to the Accelerated Death Payment, Waiver of Premium Benefit Rider, and Accidental-Death Benefit Rider: The Accelerated Death Payment will not be paid:
The Waiver of Premium Benefit Rider will not waive premiums if total disability is caused or contributed to by:
The Accidental-Death Benefit Rider will not be payable if the named insured’s death results from, is caused or contributed to by:
A68000 SERIES – TERM LIFE ONLY Limitations and Exclusions for residents of Idaho, New Jersey, and Virginia: Any death benefit of the policy will not be payable if the named insured commits suicide or if anyone covered by additional riders commits suicide, while sane or insane, within two years from the policy or rider effective date. All premiums paid will be refunded, less any indebtedness. The following information only applies to the Accelerated Death Payment, Waiver of Premium Benefit Rider, and Accidental-Death Benefit Rider: The Accelerated Death Payment will not be paid:
The Waiver of Premium Benefit Rider will not waive premiums if total disability is caused or contributed to by:
The Accidental-Death Benefit Rider will not be payable if the named insured’s death results from, is caused or contributed to by:
What is average cost of whole life insurance?The average cost of life insurance is $26 a month. This is based on data provided by Quotacy for a 40-year-old buying a 20-year, $500,000 term life policy, which is the most common term length and amount sold. But life insurance rates can vary dramatically among applicants, insurers and policy types.
How much is a $50000 whole life insurance policy?A $50,000 whole life policy will likely cost between $70-$500 per month. The price of any life insurance policy will vary based on your age, health, lifestyle, tobacco usage, and the amount of coverage purchased.
Is it worth getting a whole life insurance policy?Whole life insurance is generally a bad investment unless you need permanent life insurance coverage. If you want lifelong coverage, whole life insurance might be a worthwhile investment if you've already maxed out your retirement accounts and have a diversified portfolio.
How much is whole life monthly?The best whole life insurance rates you can get will depend on your age, health, lifestyle, and how long you plan to pay premiums. According to internal Policygenius data, a 35-year-old with few health issues could pay between $481 and $571 per month for a $500,000 whole life insurance policy paid until age 99.
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