Life Insurance for Married Couples
The average cost of life insurance for married couples is $51 per month. However, the best life insurance company for married couples depends on the ages, medical records, and coverage needs of both people in the partnership. If you and your spouse are in good health, you’ll have no problem securing affordable life insurance for married couples, including joint policies like first-to-die or second-to-die life insurance.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Mar 27, 2023
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.
UPDATED: Mar 27, 2023
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.
On This Page
- The average cost of life insurance for married couples is $51 per month
- If both partners are in good health, you’ll quickly secure traditional life insurance coverage
- Joint policies, like first-to-die and second-to-die life insurance, are also good options for married couples
Depending on you and your spouse’s age and health status, life insurance for married couples costs $51 per month per person on average.
Below, learn why married couples should invest in coverage, including life insurance for stay-at-home parents, and determine if traditional coverage or joint life insurance for married couples is right for you.
When you’re ready, you can easily find the best life insurance company for married couples near you by entering your ZIP code into our free quote tool above.
What are the average life insurance rates for married couples?
Ultimately, life insurance quotes for married couples are heavily influenced by the kind of coverage you and your spouse purchase and how much you need. However, if you’re both in good health, you should easily qualify for traditional term life insurance or whole life insurance.
The table below compares the typical term life insurance rates for married couples by age and gender for a 20-year policy with a $250,000 death benefit.
| Age | Female Average Monthly Rates | Male Average Monthly Rates |
|---|---|---|
| 25-years-old | $11.56 | $13.15 |
| 30-years-old | $11.75 | $13.22 |
| 35-years-old | $12.19 | $13.85 |
| 40-years-old | $15.60 | $17.94 |
| 45-years-old | $22.49 | $27.85 |
| 50-years-old | $31.42 | $40.82 |
| 55-years-old | $46.95 | $63.79 |
| 60-years-old | $82.47 | $109.80 |
| 65-years-old | $168.39 | $222.25 |
Affordable life insurance for married couples is usually easy to secure, averaging $51 per month.
You can even purchase a policy for your spouse as long as you have their consent and prove insurable interest. You also have the option to purchase joint life insurance for spouses or domestic partners.
Usually, joint life insurance policies for married couples are slightly cheaper because there’s only one death benefit shared between the two spouses.
For example, first-to-die life insurance pays out only when the first partner passes. Whereas second-to-die insurance, or survivorship life insurance, pays out one death benefit after both partners pass.
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Why do married couples need life insurance?
According to the Centers for Disease Control and Prevention (CDC), an average of 2 million marriages occurs in America each year. For married couples, life insurance provides financial security and comfort for both partners.
Because couples usually combine their income, your financial investments and obligations often increase after marriage. From buying a new home or car to having children, supporting these costs on a single income can be impossible.
Often, any remaining personal debts also become the sole responsibility of the surviving partner. Therefore, investing in proper life insurance coverage means you or your spouse can close out any significant end-of-life expenses and continue to live the same lifestyle.
Life Insurance for Married Couples: The Bottom Line
Married couples should invest in enough life insurance to allow the surviving family to continue to live with the same level of financial security.
Consider what your family would need if you pass, their financial goals, and what you’re hoping to leave behind to any potential heirs. Then, choose between purchasing two separate policies for each partner or a single joint policy.
Don’t wait to find the right coverage for you and your loved ones. The average cost of life insurance for a married couple increases the older you and your spouse get. Enter your ZIP code below to start comparing quotes for free before you buy life insurance for married couples.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
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.