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

UPDATED: May 20, 2021

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The Brief

  • On average, life insurance for single persons costs $26 per month
  • Single people with financial dependents, debt, or business partners should invest in life insurance
  • Purchase enough coverage to pay for all of your outstanding debts and other end-of-life expenses

You should invest in life insurance for single persons with any financial dependents, debts with cosigners, or business partners.

Below, compare sample life insurance rates and determine the right coverage for you.

You can find the best life insurance company for a single person near you by entering your ZIP code into our free quote tool above.

What are the average life insurance rates for a single person?

The average cost of life insurance per month is $26. However, your premiums depend on your age, current health, medical history, and coverage requirements.

You can choose either a permanent policy that lasts your lifetime or a term policy that lasts a specific number of years.

Traditionally, whole life insurance costs more than term life insurance.

Below, compare the average monthly rates for a policy with a $250,000 death benefit at different term lengths.

Average Monthly Life Insurance Rates for a Single Person by Term Length
AgeFemale Average Monthly Rates 10-Year TermMale Average Monthly Rates 10-Year TermFemale Average Monthly Rates 20-Year TermMale Average Monthly Rates 20-Year TermFemale Average Monthly Rates 30-Year TermMale Average Monthly Rates 30-Year Term
25-years-old$9.31$10.25$11.22$12.74$15.28$18.27
30-years-old$9.31$10.37$11.41$12.83$16.47$19.25
35-years-old$9.77$10.61$11.83$13.45$18.72$21.69
40-years-old$11.62$12.68$15.15$18.02$24.07$29.00
45-years-old$15.51$17.41$22.16$27.39$34.70$44.58
50-years-old$20.74$24.31$30.66$39.90$52.40$68.97
55-years-old$29.03$37.57$47.87$62.49$92.40$128.52
60-years-old$41.73$59.38$76.93$106.67N/AN/A
65-years-old$66.52$103.91$134.30$200.43N/AN/A
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Depending on your age and health, you can quickly secure affordable life insurance for a single person.

Older people with no dependents might choose final expense insurance to cover funeral and burial costs.

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Why do you need life insurance if you’re single?

You might wonder, why do I need life insurance if I’m not married? Living the single life, however, does not make you free of debts or financial dependents.

If you have any debts, financial dependents, or even hereditary high-risk medical conditions that run in your family, you should invest in life insurance.

The younger you apply for life insurance, the cheaper your premiums will be. If possible, you should secure coverage while you’re healthy.

Single mothers or fathers, people with business partners, and caretakers of loved ones should all invest in life insurance rates for a single person.

In reality, America has the highest rates of single parents globally, as reported by the Pew Research Center.

Is life insurance worth it if you’re unmarried? The truth is, for some single people, it’s necessary.

Life Insurance for a Single Person: The Bottom Line

Overall, securing affordable life insurance quotes for a single person is relatively easy and can protect your family, friends, or business partners if a tragedy occurs.

Choose a life insurance death benefit that covers any expenses or debts you’ve acquired, as well as funeral costs.

Buy life insurance for a single person right now by entering your ZIP code into our free quote tool below.