All Life Insurance Tips

Is the death benefit of whole life insurance adjusted for inflation?

$1 million today is not much 30 years from now when I die. How much is a annual premium (range) for a today for a healthy 30 year old woman?

Public Comments

1. No. You have to factor that in to your estate planning. How much it costs is going to depend on what other bells & whistles you attach.
2. Nope not at all. What you pay for from the beginning is what your family gets should you pass.
3. The benefit is not adjusted but most policies pay interest and some dividends that can be used to purchase more insurance. As for the rate there are too many factors to consider. Also 1 million in whole life will be pretty costly. You may want to consider splitting it with some term and some perm( whole life or Universal Life), You may find a little more bang for your buck.