Life insurance guides — term vs whole life, current life insurance rates by age, and how much coverage you actually need.
Transamerica has reported a staggering 54% increase in individual life sales in the first half of 2026, reflecting significant investments in technology and distribution strategy. This article explores the implications for brokers and the broader insurance landscape.
Transamerica has reported a staggering 54% increase in individual life sales in the first half of 2026, reflecting significant investments in technology and distribution strategy. This article explores the implications for brokers and the broader insurance landscape.
A healthy 30-year-old can typically buy a 20-year, $500,000 term life policy for $20-$35 per month. Rates rise with age — the same policy at 50 often costs $100-$150 per month. Locking in coverage while young and healthy is the single biggest way to save on life insurance.
A common rule of thumb is 10-12 times your annual income, but a better approach is the DIME method: add up your Debt, Income replacement years, Mortgage balance and Education costs for your children. Most families with young kids need $500,000 to $1 million in coverage.
