Since Life Insurance benefits are in dollars, inflation makes every policy decrease in real value with time. In the late '70s a $100,000 the most common amount of Term Life that we sold. In the '80s it was $250,000. In the '90s $ 500,000. And now it is common for people to ask for $1,000,000 or even more. We have many customers that have upped their insurance to compensate for inflation.
So next time you see an article showing a 26 year old buying permanent insurance an collecting his death benefit at 90 ask two things. What about inflation and how come the 26 year old is not getting the $1,000,000 policy he needs today?
2011 Cheverolet Aveo
So next time you see an article showing a 26 year old buying permanent insurance an collecting his death benefit at 90 ask two things. What about inflation and how come the 26 year old is not getting the $1,000,000 policy he needs today?


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