04.29.22

How Much is Life Insurance?

how much is life insurance

How much is life insurance? What are the types of life coverage? And how do you sign up for life insurance?

I talked about these points with Erin Gobler at Sound Dollar – here’s what we discussed.

  • The reason term life coverage is more affordable. Term life insurance is cheaper because the coverage ends after a certain period.
  • Through term insurance, you’re essentially ‘renting’ the death benefit for the pre-determined length of the coverage.
  • On the other hand, permanent insurance remains active until you die.
  • The insurance company knows you’ll die at some point, so they must collect more premiums to cover the death benefit.
  • To sign up for life coverage, your best bet is to find a financial professional who understands life insurance and types of policies and get their advice.
  • But if you’re a DIYer, numerous resources (including online life insurance calculators) can help you determine the amount of life coverage you need and what type of policy may be best for you.

If you want to learn more about life coverage, I recommend you read the entire article from Erin Gobler – and speak with a financial professional today.

Latest Posts

11.18.25

The Unexpected Impact of a Handwritten Note

We’re all used to firing off texts, emails and DMs all day long. But sometimes, the simplest and most personal way to connect is still the best: a letter. Lately, I’ve started sending letters and postcards to CEOs across the country, and honestly, it’s been more powerful than I expected. 

11.12.25

Why Your Past Matters for Leadership Growth

As a leader, it’s easy to get caught up in what’s next. New goals, quarterly plans, growth initiatives and the next big decision can feel like they deserve all your attention. Looking forward is critical. You have to set a direction, make decisions with the future in mind and push your team toward progress. But the truth is, you can’t lead forward successfully without understanding the past. 

10.21.25

The Power of Quiet

I’ll be honest, most people who know me would never describe me as quiet. At home, I can be loud on the phone, pacing around, talking through ideas, and yes, it drives my wife a little crazy. But recently, I’ve been discovering the benefits of something I didn’t think I’d ever embrace fully: quiet. 

Categories