What is the cost of term assurance?

Customer: Mr Tan, I read your posting about low cost term insurance. How much does it cost to insure $100,000?

For Male, Non-smoker

          
Monthly Premium to insure $100,000 over 20 years
   
Entry        Level      Decreasing
Age          
25           $10.70     $4.40
30           $13.40     $5.50
35           $18.90     $7.80

If you are aged 25, you can insure for $100,000 on a decreasing term assureance for 20 years for only $4.40 per month. It is quite painless to provide a sum sum for the security of your dependents.

For a female, the cost is much lower. Maybe, up to 50% lower!

Under a decreasing term, the coverage reduces by $5,000 a year. Under the level term, the coverage remains at $100,000 throughout the period.