Affordable Premiums as Low as $14 per month
Despite what you might think, life insurance in Melbourne FL is very affordable. We offer monthly premiums as low as $14 per month* providing anywhere from $50,000 to $1 million in coverage.
Rates will depend on a variety of factors, but generally speaking, the healthier and younger you are, the cheaper your monthly premiums will be.
How life insurance works
Life insurance is made up of several components, including the insured, a beneficiary, and an event that will trigger coverage. The event that will trigger coverage is the death of the insured, and the beneficiary is the person who will receive the insurance proceeds or death benefits.
When you buy a life insurance policy with yourself as an insured, you will pay premiums for a period of time, such as 10 years, 30 years or the rest of your lifetime. Depending on the terms of the life insurance policy, premiums can be paid each month, quarterly or yearly. After you die, the life insurance policy will pay the death benefit to the beneficiary. This death payment is usually made in one lump sum, but can sometimes be paid as an annuity.