Life Insurance by Income
What is the best life insurance for low-income families?
Low-income families can get affordable life insurance. Term life insurance is the most affordable option — $250,000 of coverage may cost as little as $15-20/month for a healthy 30-year-old. Final expense insurance is available for those who cannot qualify for term life.
Key Points
- Term life insurance: most affordable option for low-income families
- $250,000 of coverage: as little as $15-20/month for a healthy 30-year-old
- Final expense insurance: available for those who cannot qualify for term life
- Guaranteed issue: available for those who cannot qualify for other coverage
- An independent agent can help you find the most affordable life insurance