Sample Life Insurance Rates

Home » Sample Life Insurance Rates
Sample Life Insurance Rates 2017-05-25T09:25:49+00:00
Sample Life Insurance Rates

By reviewing the sample life insurance rates by age, term, coverage, you can estimate quotes before applying. We believe it’s a fair business practice to show all estimated rates without asking for a personal information. Please note that rates are for an individual in perfect health, nonsmoker, and are subject to underwriting approval.

While life insurance premiums are determined by many different factors, such as carrier’s statistics, height, weight, age, tobacco use, family medical history and current health. Online quotes are still tailored to your specific need, and you may qualify for a different rate. After analyzing the actual cost for your age, the best way to find the exact costs is to enter your information on the form on the right and run the quotes yourself.

What Factors Impact Insurance Rates

Life insurance companies use many factors to estimate your term life insurance rates, listed below are few:

  • 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 conditions. 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 issue.
  • Your age and gender: The younger you are when you purchase your coverage, the less expensive the cost of your term insurance because you are less likely to pass away.
  • Are you a smoker? Smoking is probably the most significant variables in determining your costs, mainly because smokers have great health problems and a decreased life span. 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 the carrier.
  • 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 those plans cost more.
  • 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.

10 Year Term Sample Life Insurance 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 ten 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 twelve to eighteen, 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

AGE$100,000$250,000$500,000$1,000,000
20$7.17$9.62$14.07$21.29
30$7.18$9.62$14.07$21.29
40$8.37$11.71$18.20$29.06
50$14.16$23.81$41.76$74.88
60$28.63$60.13$112.83$214.36
70$89.85$172.48$319.34$609.92
80$321.12$748.34$1490.56$2842

10 Year Level Term Female

AGE$100,000$250,000$500,000$1,000,000
20$6.92$8.79$12.18$18.27
30$6.92$8.79$12.42$18.84
40$7.94$10.87$16.55$26.20
50$12.71$20.48$35.56$63.01
60$23.44$42.18$76.05$139.92
70$58.78$108.34$200.43$369.79
80$250.24$529.94$1066.41$2073.75

15 Year Term Sample Life Insurance Rates

A 15 year Term Life Insurance is a life insurance that 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 needed.

This allows you to afford larger coverage amounts. You may have twelve years remaining on your mortgage loan and simply need insurance protection for this particular time frame.

15 Year Level Term Male

AGE$100,000$250,000$500,000$1,000,000
20$7.77$10.67$15.48$24.97
30$7.86$10.67$15.48$24.98
40$9.34$13.17$20.69$35.61
50$18.99$33.38$59.94$110.25
60$39.36$81.84$152.50$287.53
70$108.76$257.03$510.96$1007.65
80NANANANA

15 Year Level Term Female

AGE$100,000$250,000$500,000$1,000,000
20$7.57$9.79$13.49$20.88
30$7.57$10.10$14.68$23.68
40$9$12.56$19.97$34.47
50$15.12$24.08$41.95$79.60
60$29.63$55.12$96.90$190.77
70$78.11$154.61$294$548.54
80NANANANA

20 Year Term Sample Life Insurance Rates

A 20-year term life insurance policy is a 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 a 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.

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

20 Year Level Term Male

AGE$100,000$250,000$500,000$1,000,000
20$9.14$13.17$20.74$34.79
30$9.31$13.42$20.69$35.53
40$11.27$18.18$29.36$52.78
50$22.88$42.79$78.75$146.03
60$54.68$111.56$211.13$406.93
70$172.38$406.56$812.58$1553.16
80NANANANA

20 Year Level Term Female

AGE$100,000$250,000$500,000$1,000,000
20$7.66$10$13.92$21.75
30$8.41$12.12$18.19$29.43
40$10.43$15.44$25.26$43.94
50$18.83$31.67$55.78$103.55
60$37.43$77.92$140.83$269.92
70$128.19$265.90$531.87$1016.72
80NANANANA

25 Year Term Sample Life Insurance Rates

A 25-year term life insurance policy is a life insurance coverage which lasts for 25 years. This type of plan will also provide 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 main income earner dies.

25 Year Level Term Male

AGE$100,000$250,000$500,000$1,000,000
20$11.18$17.43$26.73$47.09
30$17.78$17.83$28.18$49.25
40$16.89$26.94$47.06$86.80
50$33.80$63.03$117.59$220.26
60$98.87$207.51$382.68$700.04
70NANANANA
80NANANANA

25 Year Level Term Female

AGE$100,000$250,000$500,000$1,000,000
20$10.32$14.41$22.36$38.17
30$10.94$15.05$23.61$39.81
40$14.52$21.96$37.72$67.74
50$26.42$47.54$85.95$161.08
60$72.89$144.37$261.58$494.26
70NANANANA
80NANANANA

30 Year Term Sample Life Insurance Rates

A thirty-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 passing away of a family member.

30 Year Level Term Male

AGE$100,000$250,000$500,000$1,000,000
20$9.74$15.23$24.36$42.63
30$12.18$20.42$34.08$60.54
40$17.89$30.74$53.95$102.34
50$37.45$73.00$134.35$258.39
60$251.83NANANA
70NANANANA
80NANANANA

30 Year Level Term Female

AGE$100,000$250,000$500,000$1,000,000
20$8.26$11.53$16.97$27.84
30$10.53$17.18$28.28$48.16
40$14.79$25.72$43.20$80.35
50$30.27$53.98$101.40$173.35
60$251.83NANANA
70NANANANA
80NANANANA

*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.*