Life insurance has long been one of the most popular types of insurance, with the average annual premium of $5,000 per policy.
But some companies have begun offering insurance for dads for a much lower cost.
According to Life Insurance Association of New York, the policy is currently offered for dads in their 30s and 40s.
The policy is offered for $5m for life, and it offers $25,000 to cover the entire policy.
The money is divided among the couple.
Life Insurance Alliance of New Jersey says it offers the policy for men in their 20s and 30s, while Life Insurance Group of New Mexico offers it for men age 40 and over.
The policy is not offered in New York State, however, because the policy only covers the insured’s lifetime income.
The $25m is also a low-ball estimate, as it only covers a $100,000 loss and a $20,000 deductible.
According to Life’s chief financial officer, Ryan F. Fuchs, the average premium for a typical $5M life insurance contract is $6,300 per year, with a $1,500 deductible.
This amount is much less than the $75,000 annual premium for an annuity policy.
However, this $25 million is still a lot of money for a single dad.
Fuses says he believes a $25M life policy would cover a typical family of four in the state of New Hampshire for a full year.
He says this is one of those policies that is ideal for people looking for low-cost, high-deductible insurance.