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Term Life Insurance Rates by Age (Exam & No-Exam)

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Ron Attias, a licensed insurance broker. He had no particular loyalty to any one insurance company, so he was able to shop all major insurance carriers. This means that you always get the BEST plan at the LOWEST price. Each plan can be customized to fit your specific healthcare...

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UPDATED: Sep 23, 2019

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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 insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

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.

Sample life insurance rates are provided on this page because we believe it’s a good business practice to show all the rates before we ask for your personal information. It’s worth mentioning that prices are fixed by law, which means you can’t find a lesser rate for the same product offered.

So, whether you plan to buy life insurance through AIG or a broker who represents AIG, the rates will be the SAME. You may also want to keep in mind that these rates are for individuals in perfect health who are non-smokers.

Related: GUL life insurance sample rates.

Life Insurance Rates by Age

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What Factors Determine Insurance Rates?

Life insurance rates are determined by many factors such as carrier’s statistics, height, weight, age, tobacco use, family medical history, and current health. The more risk you pose to the carrier, the more you will pay, or you may be declined altogether.

The idea of “getting a good deal” doesn’t apply when it comes to life insurance. Your rates will be an exact reflection of the risk (health-wise) you pose. The younger and healthier you are, the better rates you will get.

Below are the basic criteria:

  • Your health condition: If you are healthy and take no medications, your insurance coverage costs will be less than if you have high cholesterol, high blood pressure or other health issues. Those with distinct risk factors have a hard time being eligible or may pay an increased premium based on the carrier’s underwriting guidelines along with the health ailment.
  • Your age and gender: The younger you are when you purchase your coverage, the less expensive the cost of your term insurance will be because you are less likely to pass away. Also, women pay less for life insurance because they tend to live longer than men.
  • Are you a smoker? Smoking is probably the most significant variable in determining your costs, mainly because smokers have more health problems and a decreased lifespan. You can reduce your life insurance charges by giving up smoking and remaining a non-smoker. The period you must be free of smoking differs by company.
  • Outcomes of your medical exam or medical questionnaire: Life insurance companies generally involve a medical assessment before you can be considered for coverage. Several companies provide no-exam life insurance policies. Keep in mind that those plans cost more, and the max benefit is usually $500,000.
  • Occupation and activities: If you have a high-risk occupation such as a pilot or take part in dangerous hobbies, such as motocross riding, diving or skydiving, you will pay higher rates due to your elevated risk.

I wrote a detailed post about why you get conflicting rates here.

Related: 5 uncommon ways to save money on life insurance. 

sample term life insurance rates infographic

10-Year Term Life Sample Monthly Rates

A 10-year term life insurance policy provides income replacement to your heirs in the event of your death – provided you pass away within the 10 years that the policy stays active. Why would a person pick a 10-year term? A 10-year policy is the least expensive to purchase.

Furthermore, there are instances in which a family would favor a smaller policy period. For example, if a family has a few kids from ages 12 to 18, the parents might prefer a 10-year term to guarantee financial protection for the high school and college years of their children.

10-Year Level Term Male


10-Year Level Term Female


10-Year No-Exam Term Male


10-Year No-Exam Term Female


15-Year Term Life Sample Monthly Rates

A 15-year term life insurance policy will provide coverage for 15 years. The premium will stay the same for the term. After 15 years, you may be able to convert the policy, but the premium will be higher.

One of the biggest benefits of 15-year term life term insurance is its lower initial cost in comparison to a 20- or 30-year term. You only pay for the protection you need. This allows you to afford larger coverage amounts. You may have 12 years remaining on your mortgage loan and simply need insurance protection for this particular timeframe.

15-Year Level Term Male


15-Year Level Term Female


15-Year No-Exam Term Male


15-Year No-Exam Term Female


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20-Year Term Life Sample Monthly Rates

A 20-year term life insurance policy is life insurance coverage which lasts for 20 years. Term insurance policies provide level premiums, which means your premium will stay the same for the chosen term. When shopping for term life insurance, you may want to consider two primary factors: the period of the term and the face amount that you are covered for.

Many people pick 20-year term life insurance mainly because they want to be certain their children will be taken care of financially should something happen to them. However, after 20 years, children will support themselves, and this type of coverage is no longer required.

20-Year Level Term Male


20-Year Level Term Female


20-Year No-Exam Term Male


20-Year No-Exam Term Female


25-Year Term Life Sample Monthly Rates

A 25-year term life insurance policy is life insurance coverage that lasts for 25 years. This type of plan will also provide a guaranteed premium for the term. Young couples looking to have children in the near future might use this insurance policy to take care of the financial requirements of the family if the breadwinner dies.

25-Year Level Term Male


25-Year Level Term Female


25-Year No-Exam Term Male


25-Year No-Exam Term Female


30-Year Term Life Sample Monthly Rates

A 30-year term life insurance policy protects you for 30 years. If you die before the term is up, your beneficiaries collect payment of the coverage face amount. A 30-year term policy is also the most common policy to buy.

It can be a method for individuals to continue supplying for their households after they have died and are not able to generate income. It may be used to pay property taxes. Additionally, it provides a sum of cash to pay final expenses and any other costs associated with the death of a family member.

30-Year Level Term Male


30-Year Level Term Female


30-Year No-Exam Term Male


30-Year No-Exam Term Female


*All rates quoted on this page are for a super-preferred healthy individual who does not use tobacco. Monthly rates are updated as of Feb 2017 and are subject to underwriting approval.*

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Bottom Line

Like everything else in life, if you buy something when you need it most, it will cost you more. The person who has a terminal illness and wants to buy life insurance NOW will either be declined or opt for a guaranteed issue policy, which will cost a lot more.

Make sure you aren’t forced into buying life insurance by life events. Buy it when you need it the least. Usually when are young or just bought a house, just get a small policy; it may be needed in the future, and you will pay the least for it now.

As they say, you can either pay now or pay later, but later, it will cost a lot more. You can run the quotes yourself on this page.

FREE Life Insurance Comparison

Compare quotes from the top life insurance companies and save!

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