A recent study found that over half the U.S. population significantly overestimates the cost of term life insurance.1
Most millennials guessed the cost to be a thousand or more per year.
In actuality, the average cost is $160 per year for $250,000 in Term Life Coverage for a healthy, non-smoking 30-year-old — that's less than 50¢ per day.2
1, 2 2020 Insurance Barometer Series, LIMRA, Life Happens https://www.limra.com/en/research/research-abstracts-public/2020/2020-insurance-barometer-study/
Underwritten by Securian Life Insurance Company, 400 Robert Street North, St. Paul, Minnesota 55101-2098. For Securian Life’s current ratings, please visit: https://www.securian.com/about-us/ratings. Securian Life Insurance Company is an affiliate of Securian Financial Group, Inc.
Administered by SelmanCo, brand entity of Selman & Company, LLC, One Integrity Parkway, Cleveland, OH 44143, 1-877-665-7563.
Your Credit Union has chosen Securian Life Insurance Company to underwrite this Group Term Life Insurance Plan. Coverage is provided under policy form series 18-51189 and Individual policy number 18-51212 and any state variation thereof. For complete details including features, terms, conditions, exclusions and limitations, see the Certificate or Policy or Insurance. In the event of any discrepancy between this information and the policy/certificate, the terms of the policy/certificate will apply. Complete coverage information is in the Certificate or Policy issued to each insured individual. The Credit Union and its licensed affiliates are compensated as agents of Securian Life Insurance Company for arranging this program for customers of the Credit Union.