Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jan 29, 2022

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Brief

  • The cheapest life insurance quotes can vary from person to person depending on age, gender, and health
  • Term life insurance quotes are almost always the cheapest on a monthly basis compare to whole life
  • Whole life insurance quotes can vary based on coverage amount, payment structure, and guaranteed interest accruals

If you’re looking for the best life insurance quotes, it’s important to review sample life insurance rates and to get quotes from providers that offer the policy that best suits your needs.

Learning how to navigate life insurance quotes can save you a ton of money, but many people don’t know where to start. We’ll help teach you how to find the best life insurance quotes so you can start saving today.

Ready to learn how to get the cheapest life insurance quotes? Continue reading or get a head start with free quotes now by entering your ZIP code above.

How do I get cheap life insurance quotes?

Finding affordable life insurance isn’t always a straightforward process. Why? There are many variables that affect life insurance rates, and not all companies weigh these factors the same.

Some common factors that influence potential life insurance quotes include:

  • Age
  • Gender
  • Health status
  • Hobbies
  • Occupation
  • Smoking
  • Drug/alcohol use

The factors above are pivotal when shopping for rates, regardless of the policy type you choose. The amount you pay each month will also vary depending on the type of policy and the amount of coverage you buy.

If you’re going to buy term life insurance, you can expect to pay quite a bit less than whole life insurance. Even then, term life insurance comes with varying term lengths and can even be more expensive if you choose a no exam term life insurance policy.

In short, there are many variables to consider. There is no one simple way to get the cheapest life insurance quotes.

How do I get affordable term life insurance quotes?

In most cases, term life insurance is the most affordable type of life insurance on a monthly basis. This is because term life insurance only offers coverage for a pre-determined period of time and doesn’t have the cash value component that is offered with permanent life insurance policies.

According to the Insurance Information Institute, the first step to getting the best quotes is to shop around for the best rates. Again, with the variables that affect life insurance pricing, this is the most foolproof way to ensure you get the best rates.

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You can expect different quotes between males and females and different life insurance quotes over 50 years old than under 50 years old. Below, you’ll be able to see how the same life insurance policies can vary by age and gender.

Sample Term Life Insurance Quotes for a 20-year, $250,000 Policy
AgeAIG - MaleAIG - FemaleJohn Hancock - MaleJohn Hancock - FemaleMutual of Omaha - MaleMutual of Omaha - FemalePrudential - MalePrudential - Female
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It’s standard for men to pay more than women for life insurance policies, but that difference doesn’t have to be drastic. Some companies might put a large emphasis on the risk associated with insuring men and charge them much more than necessary.

The same can be true for aging adults. You can see above that young males can pay competitive rates with Mutual of Omaha, but older males might overpay with that same company when compared to other industry competitors.

Other factors, such as smoking, can play a major role in how much you’ll pay for your term life insurance.

Sample Term Life Insurance Quotes for Smokers for a 20-year, $250,000 Policy
AgeAIG - MaleAIG - FemaleJohn Hancock - MaleJohn Hancock - FemaleMutual of Omaha - MaleMutual of Omaha - FemalePrudential - MalePrudential - Female
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You’ll see above that smokers tend to pay significantly more for life insurance despite having the same coverage from the same life insurance companies. Smokers can sometimes pay more than three times as much for life insurance as non-smokers.

In some cases, it could be beneficial to shop for term life insurance quotes with no medical exam to see if you can find more affordable rates. This essentially means that you don’t have to disclose your smoking status or take an exam that might uncover additional health concerns.

These policies might be more expensive than a healthy person’s term life insurance policy, but it could be more affordable than if you were to disclose your smoking and health status.

Again, the best way to find the cheapest quotes for yourself is to compare quotes from multiple providers.

How do I find affordable whole life insurance quotes online?

Term life insurance is the most common because it tends to be the most affordable from month to month. Whole life insurance and other permanent life insurance options can be quite a bit more expensive due to the lifelong coverage.

In addition, some typs of permanent life insurance policies are much less predictable because of that cash value component and if and how interest is accrued. Our original statement on shopping for multiple quotes stands true, but there are some other tips.

For starters, you shouldn’t have too much trouble getting whole life insurance quotes online. To initiate a policy, you may need to meet with an agent and possibly a doctor, however.

Your whole life insurance rates will depend on the death benefit, your health and age, and any associated life insurance riders you choose. It’s important to be diligent when comparing quotes to be sure that each policy is identical.

In addition, whole life insurance policies tend to have some type of guaranteed interest rate. This can vary from company to company, and you’ll want the highest guarantee possible to continue letting your money work for itself.

Some companies will offer different payment schemes for your whole life insurance policy as well. Although the traditional method is to pay each month until you die, some companies will let you choose a term or a one-time payment.

In any case, below, you can see how much whole life insurance might be for healthy adults in comparison to term life insurance.

Sample Term vs. Whole Life Insurance Quotes with Foresters Financial for a $250,000 Policy
AgeTerm - MaleTerm - FemaleWhole - MaleWhole - Female
65$219.63$150.06$1,043.61 $912.58
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Again, if finding the absolute lowest monthly payment is your goal, whole life insurance isn’t the best idea. Term life insurance is significantly cheaper, but it doesn’t carry the cash value component. In some cases, whole life insurance could be a good investment.

More About Cheap Life Insurance Quotes

As you start shopping for the cheapest life insurance quotes, it’s important that you really consider your and your beneficiaries’ financial needs. Nobody wants to pay for an ineffective or unnecessary life insurance policy.

If you don’t have close relatives or friends that you want to serve as a beneficiary, or if you just don’t want to burden anyone with your funeral expenses, you might want to consider burial or final expense insurance.

As you may have noticed earlier, older adults can pay a great deal for life insurance. Burial insurance tends to be a bit more affordable for older adults since the death benefit is much smaller in comparison to traditional term life insurance policies.

Sample Burial Life Insurance Quotes for a $15,000 Policy
AgeTransamerica - MaleTransamerica - FemaleForesters Financial - MaleForesters Financial - FemaleAIG - MaleAIG - Female
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Even at 55 years old, a normal term life insurance policy can cost upwards of $150 per month. For burial insurance, you’re looking at a monthly premium of about $50 each month. Of course, nobody will be gaining much financial freedom from this type of policy, but at least nobody should go into debt.

At the end of the day, the policy you choose will truly determine how affordable your life insurance can be. It’s important to shop around and to make sure you’re buying a policy from a trustworthy source before you commit to a long-term policy.

If you have a handful of options with similar quotes, it might be worthwhile to review the company’s user features and claims processes to make the experience as easy as possible when the time comes.

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Shopping Life Insurance Quotes: The Bottom Line

Getting the cheapest life insurance quotes isn’t a complicated process, but it does take some time. It’s important to be sure you become familiar with your needs, the policy options, and to get quotes from different companies.

By now, you should know how to start finding the cheapest life insurance quotes. Start today for free by entering your ZIP code below.