Do you need life insurance?
life insurance infographic
insurance
Blended life insurance: 2 policies in 1

Blended life insurance cuts premiums in half
Next
3 of 7
Back
Blended life insurance cuts premiums in half

Permanent life insurance can cost a pretty penny, while term life insurance can be cheap. A blended life insurance policy gives you the best of both worlds by lowering your annual life insurance premium. According to Witt, a $2 million permanent life insurance policy could cost a couple in their late 60s about $80,000 a year in premiums. But that same policy as blended life insurance could cut the cost to $40,000.

"If you want a certain level of coverage, then a blended policy produces lower premiums than an all-permanent life policy would," says Witt.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Crissinda Ponder

Insured for a 2nd ‘Sharknado’?

Would you be covered if swirls of flying fish damaged your home in the city?  ... Read more

advertisement
Partner Center
advertisement

Connect with us