I'm 38 and recently started looking at life insurance options - is $5k per year too much to spend on a policy?

Shopping around early for life insurance can save substantial costs, especially for parents, but health conditions significantly impact premium rates and affordability.

For a 38-year-old with a pre-existing health condition, paying $5,000 annually for a $3 million policy is steep, yet manageable with a high income.

Inflation and living costs must be considered when budgeting for life insurance, thus evaluating actual need versus coverage amount is crucial.

Consulting a certified financial advisor experienced in life insurance is advisable to tailor plans to individual financial situations, especially for those with health concerns.

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