Most people go without adequate life insurance coverage because they grossly overestimate the cost of a life insurance policy. But we don’t think twice about paying for our cell phones, internet, and streaming services. None of which will help our families pay the bills and stay in the family home in the event of a breadwinners premature death.
So how much life insurance could I buy for the cost of YouTube TV?
According to their website, YouTube TV’s base plan starts at $64.99 a month.
We have to pick a profile, so let’s go with a 28 year old, healthy male.
Choosing a random life insurance company, and without going through the medical underwriting process we estimate that this person could get:
- $2,036,760 in coverage for a 10 Year Level Term Life Policy
- $1,816,568 in coverage for a 15 Year Level Term Life Policy
- $1,639,336 in coverage for a 20 Year Level Term Life Policy
- $1,158,845 in coverage for a 30 Year Level Term Life Policy
- $850,801 in coverage for a Level Term Life Policy to Age 65
Listen, there is nothing wrong with paying for YouTube TV or any other service. In fact, I have YouTube TV and it’s awesome – highly recommend!
But…please do not go without adequate life insurance. Going without the right life insurance can really put your loved ones in a tight spot. For those of you relying solely on life insurance through work, please reconsider. You really should own your own, there are too many opportunities for denied claims or cancellation when relying only on employer provided life insurance.