Filed Under:Life Insurance, Life Planning Strategies

Walmart just moved your cheese

Opinion

(AP Photo/Paul Sakuma)
(AP Photo/Paul Sakuma)

A few months ago, I wrote about how CostCo, in partnership with Aetna, had entered the health insurance market, allowing consumers to pick up policies along with their pallets of frozen waffles. I asked, could life insurance be far behind?

And now we have an answer. Walmart and MetLife just announced they’ve launched a pilot life insurance program at 200 stores in Georgia and South Carolina. Customers can choose between two coverage options — $10,000 or $25,000 — with prices varying by age. An 18- to 44-year-old can purchase a one-year $10,000 policy for $69. Older people pay more, with a one-year $25,000 policy for a 60- to 65-year-old priced at $429.

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Nichole Morford

Nichole Morford
Managing Editor

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