How to get $5,000 of Life Insurance

Is it possible to purchase a $5,000 life insurance policy or is there some minimum amount of coverage?

It depends on the type of life insurance - some term life insurance policies offer a minimum of $50,000, while permanent life insurance may offer as little as $2,000 of life insurance coverage.

For example, if you need a small amount of life insurance to leave to your family to pay for your final expenses you may want around $5,000 to $7,500 or more of coverage.

There are permanent life insurance plans that do offer $5,000 of protection and there's no exam or health questions asked.

In fact, you cannot be turned down for coverage if you meet the age requirements for guaranteed issue life insurance protection.

These plans guarantee your ability to purchase the $5,000 life insurance policy you need.