If I can piggy back on this thread... I currently have a 30 year $500,000 term policy that I got 10 years ago for $340 a year. Now that it is 10 years later, I just looked into getting a 20 year $500,000 policy and the quotes I got range from $250-$290 a year. Would it be worth it to go through the hassle of bloodwork and a health exam, etc. to save just $7.50 per month or at most $1800 over the 20 years?? I didn't have to do any kind of exam the first time around ... just had to answer a few health questions and that was it, so I'm just not familiar with the bloodwork and stuff that is required this time around.
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