I’m from Australia but my mum uses the same company as we do for car insurance, house and contents insurance. They give a discount for having all your policies together. My dad uses a company called ING, which I dont know if you have there. It costs around $300 year and goes up with your age. It also varies how much your insured for.

From memory, mum’s last invoice was $457, for $20,000 coverage.

Dad’s is through work, he salary sacrifices one spot said $3,800 another had a cost of $304 a year, so not entirely sure of the cost but I think his work subsidises the cost. He is insured for $391,800. He has income protection also.

Other things to consider, there is a few levels of life insurance. Death insurance, Disablement insurance and Income protection.

As far as I know there is no medical. Most superannuation companies offer life insurance also.

Natalie, as a Florida-licensed health and life insurance broker (brokers can write coverage with multiple carriers, not just one…..please use a broker to find the best rate for you!), I can at least give you some guidelines to consider. I have access to a quality system that compares the rates of many carriers. I am not sure how this compares to the many Internet sites, but rates in general are very low right now. If you and your husband are healthy, non-smokers who qualify for the very best rate I would have available for one of my clients, he could qualify for a rate as low as $14 per month, or $168 per year for a $500,000, 10-year level term policy. You could qualify for same rate, even though there is a small difference in age. This rate is guaranteed for 10 years. Some days I wonder how they do it for such low premiums.

For 20-year-level term, the rate just goes to $21 per month for you, and for 30 years, just $35.

With today’s ultra-low premiums, I would recommend serious consideration of the 30-year-term. You would have put your insurance in place until your 60’s, and a surviving spouse and children, should something happen, would at least be in excellent shape financially.

You can expect to complete an in-person, detailed health questionaire with your agent or broker, and the insurance company will typically request your medical records from your doctor’s office during the underwriting period. They may well also require a physical. Some carriers are not as strict for $100,000 and less, it depends on their individual underwriting guidelines. They will pay for a physical if one is required, and if there are any past or current health issues of concern, you can expect a higher rate. My system quotes 5 levels of health premiums, and the lowest two are only available to non-smokers.

Of course, certain serious health conditions are uninsurable at any price level, but it does not sound like you or your husband are in that category. I wish I could tell everyone how important it is to get health and life insurance while they are still healthy! It distresses me when I get calls (often) from people who have waited too long. Once something significant happens to your health, its too late! At that point, you can’t get health coverage for yourself, and you can’t leave your family in proper financial condition.

Good luck in your search for the right coverage, and if I can assist you in any way, I would be most happy to do so. My personal e-mail is.

There are two main types of life insurance–term and whole life.

Term is for a fixed period of time, i.e. 10 year, 15 year, 20 year, 30 year. The premium is level for the entire period IF it is a guaranteed level premium policy. If not, there are times and/or situations that can cause the premium can increase. Once the fixed period expires, the policy can be renewed as an Annual Renewal Term policy. At that point the preimium will skyrocket to match what is charged for your attained age and will increase every year thereafter. Term insurance is great if you need it for a fixed period of time and will be financially secure when that time has passed. Remember, however, that you really cannot see the future and no matter how certain you are that the future is secure, things can change due to global, national or even family events. With term insurance, you are betting that you are going to die within the specified period and the insurance company is betting that you won’t. Financially speaking, if you die, they lose. If you live, they win.

Whole life is a product that, when properly set up, will give you coverage for your entire life. The premium will be higher than term so many people opt for term just because of this. A portion of your preimum is used to pay for the insurance and administrative cost associated with the policy and the rest of the premium is put into a type of savings account for you. The funds that are put into the side account are referred to as your “cash value.” It can grow significantly over a long period of time, but it should not be looked at as an investment. (There are MUCH better investment opportunities available to you.) The advantage to the whole life over term life is that no matter what happens, if you pay your premiums, when you die the insurance company will cut a check. The insurance company isn’t gambling on whether or not you will die, only that they can make money from your premiums before you die.

There are ways to combine both the whole life and the term products into one policy. That is normally what I recommend to people who are looking to protect their families for the long haul.

As far as medical examinations, it will depend on the policy type and face amount that you select. Large policies always require exams and the larger the policy the more intense the exam.

I personally have a combination policy. It is a Universal Life policy with a term rider.

I wouldn’t recommend purchasing your life insurance from an internet site unless you know everything you need to know about what you are buying. There are just too many options and if you don’t know what they mean, you could be paying way too much or not have the coverage that you really need for your situation. My recommendation is to find a reputable agent that will show you ALL of your options.

Why not let an insurance broker do the shopping for you? A broker works with several companies and can get you the best coverage at the best price. To find a broker in your area, log onto a website such as and fill out a form requesting a free quote. Good luck!

There are two types of Insurance; Permanent and Term.

A comparison to whats already out there is good too..

All the best to you.

what ever you guys do DO NOT BUY CASH VALUE, WHOLE LIFE UNIVERSAL LIFE ETC. BUY ONLY TERM cash value is a way for insurance companies to steal time use of your money from u. dont let them talk u into insurance is a great investment.(it is for the agent and ins. company) but not you. buy term enuff said