Lincoln Benefit? We got the policy through a friend - Allstate insurance agent. $500 is for two $500k policies.
Low rate was due to young age, perfect health, and good timing I guess. Not sure you could do so well, today, necessarily. I'd shop around.
For a rate like that, they will do a health review. Will take your blood and ask medical history. The healthier you are, the lower rate you will get.
The thing about a term insurance policy, that lasts a number of years, is you lock in the rate, and have insurance if you develop future medical issues. This is why I would stay away from annually renewing term insurance. For those, they can drop you if you get sick, and rates tend to rise with time. I mean, it's better than nothing, but if you have a family that depends on you, I'd advise getting a 20-30 year term policy.
We have a 30-year policy, because we bought it squite young.
& as Steve pointed out - you can always drop a term policy, if your needs change.
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