Larry Keller: “For comparison purposes, the cost for $4,000,000 of 30-Year Level Premium Term Life Insurance for a 35-year-old male in New York State obtaining the best underwriting classification would be approximately $2,952 annually. Using the “laddered” example above, the annual premium would be reduced to approximately $2,058, providing similar protection with an annual savings of $894.00 or approximately 30% less than purchasing coverage with long-term guarantees that might not be needed.”
About FIREwire
Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of Biglaw Investor.
Joshua spent more than a decade as a corporate lawyer in New York City representing sovereign nations and private equity clients in mergers & acquisitions.
He earned degrees from the University of Arkansas and Boston College, while also spending a year at Cambridge University in the United Kingdom. He lives in Austin with his wife and son.