3 things you need to know before getting your first life insurance policy - Business Insider

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The two main rules of life insurance? Term life insurance is the most affordable, and it won't get any cheaper if you wait

is different — it offers a guaranteed payout when you die, but costs much more per month than term life insurance.

is about $44 per month, the price you pay will be different based on your age, sex, and amount of insurance. , the average 30-year-old woman's quote would be about $12 cheaper per month than the same term life policy for a 40-year old woman, and the typical man's policy would cost about $17 less for a 30 year old than a 40 year old.

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