I make 61-62000 per year and I am a 34 years old non smoker. I am interested in purchasing a 3 million dollar life insurance policy.?

  • by stocks4bt
  • Nov 19,2015
  • 8 answers

I make 61-62000 per year and I am a 34 years old non smoker. I am interested in purchasing a 3 million dollar life insurance policy.?


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Insurance Answers (8)

Bill 6 months ago

It will be very expensive and not practical for someone in your financial situation. The Company will question your motives and ability to pay premiums.

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lucy 6 months ago

http://www.term-life-online.com/how-many...
Yes, you can buy multiple smaller policies, but even for the amount you want, most likely won't get close due to your income. Even if one or more does not check out the MIB, there is no way to have that much insurance.
The question is, why do you want so much life insurance, and (who) would benefit when you died?

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Casey Y 6 months ago

Call your local agent for assistance...shop online and get calls for months...

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jmm2112 6 months ago

And so? Why are you telling us?

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Biff 6 months ago

why do you need that much insurance? if you are single, you don;t need any

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Greywolf 6 months ago

No problem. Just contact some life insurance companies to get quotes for the premium.

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Ricki 6 months ago

There are lots of on-line quote services for life insurance also. Do you know what type you want? whole life? Term? Mixed?

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Insurance Pickle.com 6 months ago

Your income doesn't justify the amount of coverage. You'll have a hard time getting that amount of coverage. Generally companies cap the TOTAL amount of life insurance that you can have around 20-25 times your income...depending on your age and that particular company's limits. Debts are a consideration, but even if you had a $3 million mortgage, no insurance company would want to take that risk without the income to justify it.

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