How Much Does Supplemental Life Insurance Cost?

Oct 4, 2022 | Life Insurance | 0 comments

supplemental life insurance cost

About 54% of people in the United States today are covered by life insurance. It’s an important detail to shore up as you build your wealth, age, and take care of your family. There are several different types of life insurance that you need to understand as you shop around, such as supplemental life insurance. 

To learn more about supplemental life insurance cost, benefits, and whether it’s the right decision for you, read on. 

What Is Supplemental Life Insurance?

Take the time to understand supplemental life insurance and what it entails. It’s a type of life insurance package that adds to the life insurance that you purchased privately or through your employer. 

This life insurance comes into play when you realize that you’re underinsured, or that the plan you have doesn’t sufficiently cover your changing needs. This may include things like beefing up your coverage amount or adding burial insurance or final expense insurance coverage.

Burial insurance for seniors is essential so that you aren’t forcing your loved ones to handle your final arrangements out of their pockets.

How Much Does Supplemental Life Insurance Cost?

It’s common to pay about $1,300 and up per year for a life insurance policy. Adding a supplemental insurance plan to the policy will typically cost you about $150 or so. 

The cost of supplemental life insurance will depend on the type of coverage you add to your plan, which may include things like burial insurance no waiting period, or coverage that takes care of medical expenses and other debts. 

You’ll appreciate the advantages of supplemental life insurance, particularly if you have growing needs and income and want to make sure that you’re still covered. 



How Can You Find a Quality Plan?

If you’re trying to find a high-quality, affordable supplemental life insurance plan, it all starts with shopping around. Choose a company that is highly touted and that has a strong track record of covering policyholders. 

Once you have put together a list of four to five credible companies, it’s time to get a supplemental life insurance quote on a plan. 

Details like your age and health can play a role in the amount that you’re quoted for a health insurance plan. You may also want to add burial insurance or other details to your life insurance policy. 

Figure out how much you are covered for the year and how much you will pay in monthly premiums so that you can get help from professionals that can offer you a great deal. 

Supplemental Life Insurance Cost Matters

The tips above will assist you when you’re interested in getting the most from your life insurance needs. Once you have a quality life insurance plan in place, it’ll give you the peace of mind of knowing that your family will be taken care of. 

USA Life has the plans, professionals, and history that you can rely on when you’re trying to get coverage. For a quote on one of our quality plans, get in touch online, or by calling (866)948-4295.

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