$25,000 Whole life insurance policies

What is whole life insurance?

Whole life insurance is a type of life insurance. Here is how it works, you pay your insurance premiums during your life and when you pass away your insurance company pays your beneficiaries a tax free lump sum. This amount is called the death benefit or face value. You can nominate anyone, family members, friends, loved ones, etc. as beneficiaries. There is no limit on the number of beneficiaries.

Whole life offers coverage your entire life, regardless of age or health conditions, as long as the premiums are paid. The premium is the amount you pay your insurance company for your whole life insurance policy.

The proceeds from the policy can be used to replace income replacement for your dependents, pay off debts, loans, mortgages, cover funeral and burial costs, etc.

Whole life insurance also has a cash value component. What is cash value? From the premium payments you make, a small amount goes to a separate account. This account serves as a savings account where the cash value accumulates tax deferred over the years. It takes decades to build up but it can be very useful. If at any time in the future if you cannot pay your premiums, you can borrow from the cash value. It can also be used if you ever face a financial crisis.

Once you borrow, you are charged interest until you pay it back. If you do not pay it back, the amount borrowed is reduced from the death benefit. The cash value remains with your insurance provider after you pass away. The beneficiaries only receive the death benefit unless you purchase a rider that specifies that your beneficiaries get the cash value as well.

What is burial insurance?

Burial insurance is a type of whole life insurance policy. It is different from other life insurance policies as it only covers your end of life expenses like burial and funeral costs, paying off loans, debts, bills, etc. It cannot be used to look after your dependents.

Burial insurance is also called final expense insurance and funeral insurance. Burial insurance is a type of whole life insurance therefore the policy never expires and the premiums stay the same.

Burial insurance has many features that makes it stand out from other life insurance policies. It has a very relaxed underwriting process, quick approval rates, is portable, and often requires no medical exams. Underwriting is a process used by insurance companies to determine the amount of risk posed by a potential client and thus determine your eligibility and the cost of your premiums.

What is an insurance quote?

An insurance quote is an estimate of your rate with a particular insurance company. The estimate will be more accurate if you give more information. You can request quotes over the phone or online.

$25,000 whole life insurance policies

This section will share the different $25,000 whole life insurance policies available for different age groups.

There are a few things you need to remember regarding the rates of these whole life insurance quotes.

  • The state law of Montana requires females to pay the same rates as the males in their age group.
  • Your health condition will effect the cost of these whole life insurance quotes.
  • You need to qualify for these rates.
  • Some companies may or may not qualify you for non-tobacco whole life insurance quotes if you don’t smoke cigarettes but use other forms of tobacco.

Whole life insurance quotes for ages 40-49

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
40$38.81$40.08$51.32$60.31
41$39.97$41.67$53.16$64.14
42$41.13$43.29$55.02$67.97
43$42.28$44.91$56.85$71.77
44$43.44$46.53$58.71$75.60
45$44.60$48.15$60.55$73.29
46$46.18$50.18$62.93$75.69
47$47.75$52.24$65.34$78.65
48$49.33$54.27$67.73$81.86
49$50.93$56.33$70.51$84.13

Whole life insurance quotes for ages 50-59

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
50$56.87$68.09$72.24$87.42
51$58.83$70.96$76.08$92.40
52$59.90$73.00$79.81$96.45
53$61.74$75.69$83.46$101.66
54$63.86$79.21$86.84$107.11
55$66.19$82.93$90.53$113.36
56$68.37$86.33$94.12$118.82
57$70.33$89.96$96.99$124.02
58$72.27$93.36$99.84$129.23
59$74.45$97.23$102.95$135.46

Whole life insurance quotes for ages 60-69

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
60$77.36$102.08$106.87$142.73
61$81.48$108.65$112.59$152.61
62$85.35$114.94$118.30$162.76
63$89.49$121.49$124.02$169.87
64$93.61$128.05$129.47$177.86
65$97.72$134.59$135.19$186.20
66$103.80$143.56$144.05$197.37
67$109.85$152.52$152.88$207.73
68$115.92$161.51$161.27$220.19
69$122.22$170.48$170.57$232.66

Whole life insurance quotes for ages 70-79

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
70$128.29$179.45$176.49$241.83
71$136.77$191.08$185.69$255.98
72$145.49$202.50$195.39$270.90
73$155.02$215.22$206.39$287.77
74$164.65$228.08$217.70$305.17
75$176.22$244.02$232.09$327.26
76$190.82$262.37$259.21$363.75
77$203.97$279.30$277.19$380.42
78$216.29$294.83$292.50$395.00
79$228.73$310.77$302.13$411.67

Whole life insurance quotes for ages 80-85

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
80$240.35$326.83$311.76$426.25
81$260.73$352.68$358.54$520.45
82$280.08$379.05$387.13$564.97
83$298.46$403.73$415.70$609.89
84$316.57$428.40$442.44$651.90
85$334.95$453.08$469.45$694.16

Are $25,000 whole life policies worth it?

Is $25,000 whole life insurance policy the right coverage for you? How do you decide? Here are some factors you should consider when deciding the amount of coverage you need.

  • Will the amount be enough for your goals? Can your beneficiaries pay off all your debts, cover your funeral and burial expenses, and still get something for themselves? You may need to do some calculations to estimate if $25,000 will be enough. You can get help from your insurance company, agent or broker or use online calculators.
  • Can you afford it? Don’t buy an expensive whole life insurance quote only to drop it a few months in because you can’t afford the premiums. It is a complete waste of your hard earned money. You always have the option of buying more coverage so start with a small amount id $25,000 seems too much.
  • Money may cause family drama, it is a fact. If you fear that, a $25,000 whole life insurance policy will leave money behind money after covering your final expenses, and it may cause problems in the family, opt for a smaller coverage.

How do I choose the right policy?

Here are some factors you should consider other than the insurance company’s financial position and rating.

  • The cost of the policy. Is it the cheapest compared to similar ones from other insurance companies?
  • Does it offer immediate coverage?
  • Work with an insurance agent or broker, they have more options because they represent multiple insurance companies giving you more options to choose the right policy.
  • Let guaranteed life insurance be a last resort. It comes with a two year waiting period and higher premiums. The waiting period means that your beneficiaries will only receive the full death benefit if you pass away 2 years after the policy, in any other case they get the premiums and a little interest.
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