Best Life Insurance Rates by Age: Term, Permanent and No Exam

Lots of people put off getting life insurance due to cost but protecting your assets doesn’t have to turn your pockets out.

Two-thirds of Americans overestimate life insurance rates by hundreds of dollars or more. Since nearly as many (64%) cite finances as the reason they don’t have coverage,1 we think it’s time to bust the myth that you can’t afford life insurance.

Compare life insurance rates

Below, you’ll find tables of sample life insurance rates for term life insurance, no exam term life, and permanent life insurance. They represent the best prices a person in excellent health can get. Of course, actual rates will vary from person to person, so be sure to get your own quote for a more accurate estimate.

Term life insurance rates by age for women*

Age Policy Amount 10-year term 20-year term 30-year term
20 $250,000

$500,000

$1,000,000

$9/mo.

$12/mo.

$18/mo.

$12/mo.

$17/mo.

$27/mo.

$15/mo.

$23/mo.

$40/mo.

30 $250,000

$500,000

$1,000,000

$9/mo.

$12/mo.

$18/mo.

$12/mo.

$18/mo.

$26/mo.

$17/mo.

$27/mo.

$46/mo.

40 $250,000

$500,000

$1,000,000

$11/mo.

$16/mo.

$25/mo.

$15/mo.

$25/mo.

$43/mo.

$24/mo.

$42/mo.

$77/mo.

50 $250,000

$500,000

$1,000,000

$20/mo.

$35/mo.

$61/mo.

$31/mo.

$55/mo.

$101/mo.

$53/mo.

$96/mo.

$182/mo.

60 $250,000

$500,000

$1,000,000

$42/mo.

$75/mo.

$138/mo.

$77/mo.

$139/mo.

$265/mo.

Not available

Not available

Not available

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*Sample monthly rates provided by Clearlink partner. All rates as of 3/22/2019.

Term life insurance rates by age for men

Age Policy Amount 10-year term 20-year term 30-year term
20 $250,000

$500,000

$1,000,000

$10/mo.

$14/mo.

$21/mo.

$13/mo.

$20/mo.

$32/mo.

$15/mo.

$23/mo.

$40/mo.

30 $250,000

$500,000

$1,000,000

$10/mo.

$14/mo.

$21/mo.

$13/mo.

$20/mo.

$32/mo.

$17/mo.

$27/mo.

$46/mo.

40 $250,000

$500,000

$1,000,000

$12/mo.

$18/mo.

$28/mo.

$18/mo.

$29/mo.

$52/mo.

$24/mo.

$42/mo.

$77/mo.

50 $250,000

$500,000

$1,000,000

$24/mo.

$41/mo.

$73/mo.

$40/mo.

$73/mo.

$139/mo.

$53/mo.

$96/mo.

$182/mo.

60 $250,000

$500,000

$1,000,000

$60/mo.

$112/mo.

$211/mo.

$110/mo.

$210/mo.

$394/mo.

Not available

Not available

Not available

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For some people, there’s another compelling reason to put off applying for life insurance: not wanting to take a medical exam. Whether you hate needles or can’t fit an exam in between work and family time, a no medical exam term life insurance policy might be for you.

Sample 10-Year No Exam Term Life *

  $50,000 $100,000
Age Male Female Male Female
20 $11/mo. $10/mo. $16/mo. $14/mo.
30 $12/mo. $10/mo. $16/mo. $15/mo.
40 $16/mo. $13/mo. $19/mo. $16/mo.
50 $29/mo. $23/mo. $25/mo. $26/mo.
60 $30/mo. $43/mo. $32/mo. $27v
70 $217/mo. $134/mo. $696/mo. $263/mo.
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*Sample monthly rates provided by Clearlink partner. All rates as of 3/22/2019.


Guaranteed universal life (GUL) is flexible permanent life insurance designed to cover you for life. With these policies, you can adjust your benefits and premiums as your life situation changes.

Like universal life, whole life insurance doesn’t end after a specific period. Instead, it’s designed to cover you for your entire life.

Permanent life insurance rates by age for women*

Age Policy Amount Universal Life to Age 100 Universal Life to Age 121 Whole Life
20 $250,000

$500,000

$1,000,000

$52/mo.

$94/mo.

$162/mo.

$56/mo.

$95/mo.

$163/mo.

$106/mo.

$208/mo.

$405/mo.

30 $250,000

$500,000

$1,000,000

$73/mo.

$135/mo.

$245/mo.

$79/mo.

$137/mo.

$246/mo.

$154/mo.

$303/mo.

$596/mo.

40 $250,000

$500,000

$1,000,000

$102/mo.

$188/mo.

$353/mo.

$116/mo.

$217/mo.

$403/mo.

$232/mo.

$459/mo.

$907/mo.

50 $250,000

$500,000

$1,000,000

$157/mo.

$289/mo.

$551/mo.

$179/mo.

$347/mo.

$668/mo.

$355/mo.

$705/mo.

$1,401/mo.

60 $250,000

$500,000

$1,000,000

$255/mo.

$482/mo.

$944/mo.

$289/mo.

$568/mo.

$1,103/mo.

$546/mo.

$1,086/mo.

$2,162/mo.

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*Sample monthly rates provided by Clearlink partner. All rates as of 3/22/2019.

Permanent life insurance rates by age for men*

Age Policy Amount Universal Life to Age 100 Universal Life to Age 121 Whole Life
20 $250,000

$500,000

$1,000,000

$62/mo.

$115/mo.

$204/mo.

$65/mo.

$115/mo.

$204/mo.

$119/mo.

$234/mo.

$457/mo.

30 $250,000

$500,000

$1,000,000

$87/mo.

$161/mo.

$294/mo.

$90/mo.

$161/mo.

$294/mo.

$176/mo.

$346/mo.

$683/mo.

40 $250,000

$500,000

$1,000,000

$119/mo.

$229/mo.

$436/mo.

$132/mo.

$249/mo.

$467/mo.

$259/mo.

$514/mo.

$1,017/mo.

50 $250,000

$500,000

$1,000,000

$175/mo.

$338/mo.

$652/mo.

$201/mo.

$393/mo.

$759/mo.

$407/mo.

$809/mo.

$1,569/mo.

60 $250,000

$500,000

$1,000,000

$297/mo.

$577/mo.

$1,128/mo.

$338/mo.

$663/mo.

$1,292/mo.

$627/mo.

$1,249/mo.

$2,488/mo.

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*Sample monthly rates provided by Clearlink partner. All rates as of 3/22/2019.


Factors affecting rates

In addition to age and type of policy, the following factors could affect your life insurance rates as well:

  • Gender (on average, women live longer than men)
  • Pre-existing medical conditions such as high blood pressure or diabetes
  • Risky behavior such as smoking, drinking alcohol, or climbing Mt. Everest
  • A dangerous profession, if you have one
  • Medical exam requirements
  • Family medical history
  • Riders, such as conversion or long-term care insurance

For more information, read about how life insurance companies determine health rate classes.

Life insurance quotes

The above charts show the best rates for a variety of policy types and come from some of the best life insurance companies. We hope you’ll discover that it’s not as expensive as you think to protect your assets and loved ones, even if you’re looking for life insurance for seniors.

That said, these rates are based on precise criteria that won’t apply to everyone. So how do you know what rate you can get for coverage?

The fastest, easiest way to get an accurate quote is to give us a call. You can speak directly to a licensed, independent insurance agent by simply dialing 1 (888) 234-8376.

Sources:

  1. Life Happens and LIMRA, “2018 Insurance Barometer Study
  2. Eye on Housing, “Latest Study Shows Average Buyer Expected to Stay in a Home 13 Years
  3. Census, “The Changing Economics and Demographics of Young Adulthood: 1975-2016
  4. Google Public Data “Life Expectancy
43 comments... add one
  1. SlipperyPete

    It appears a lot of work went into these charts but one detail was omitted. When you state a rate you need to say if is a monthly, yearly, etc. rate.

    • TermLife2Go

      We have updated the information. Please call one of our licensed agents at (888) 234-8376 is you have more questions.

  2. Ellen L

    I want to get a life insurance with one that will help me financially when i am not able to work and a policy that will pay my hospital bills when i get sick.

    • TermLife2Go

      Ellen,

      It sounds like you might be interested in a disability insurance policy or a life insurance policy with a disability rider.

      We’ll have an agent reach out to you shortly with some options for you to consider.

      Thanks,

      TermLife2Go.

  3. Virginia

    I looking to get insure my sister who is on disability and cannot afford life insurance. I’m looking for a policy that would be enough to cover funeral expenses (around $10,000). Can I purchase one for her?

    • TermLife2Go

      Virginia,

      You should be able to purchase a policy on your sister provided that she is “OK” with that. We’ll have an agent reach out to you so that if you have any additional questions or would like to know how much a policy would cost, you can ask him/her directly.

      Thanks,

      TermLife2Go.

  4. Pauline S

    I am wanting to take out life insurance on my husband who is is a US Prison, I live in Australia, how can I go about doing this.

    • TermLife2Go

      Pauline,

      Unfortunately, we are unaware of any insurance carrier that will accept a life insurance policy from someone who is currently in prison.

      Thanks,

      TermLife2Go.

  5. Scott

    I am 54 healthy professional, single with no children and no need for death benefits / payout. I love the no tax withdraw benefits during retirement of universal health insurance, but is their a better policy type for me?
    thanks
    Scott

    • TermLife2Go

      Scott,

      Please be on the lookout for an email from one or our agents so that he/she can answer any specific questions you may have about the “type” of policy you are looking for.

      Thanks,

      TermLife2Go.

  6. Damien E

    Interested in getting life insurance I’m a disabled veteran wanting to make sure my family is taken care of my cell is XXXX thank you

  7. khon

    Im 36 yrs old, 350lbs, 6’1ft, high cholesterol, diabetic, high blood pressure. Anything for me would be a miracle especially term. I like a term that you can conversion into a permanant with no medical exam. Want to accept the challenge?

    • TermLife2Go

      Khon,

      We’ll have an agent reach out to you to see if we might have some options that will work for you. In the meantime, you can always feel free to simply give us a call.

      Thanks,

      TermLife2Go

  8. Cindy

    I was wondering why one’s income is factored into determining eligibility for insurance. Is that so that the company is confident that payments can be made reliably? Is it to ascertain if life insurance is even needed? Is a non-working spouse adversely affected compared to one that is working (all other factors the same)?

    • TermLife2Go

      Cindy,

      The reason why one’s income is factored into determining “eligibility” for life insurance is tied into the “purpose” of life insurance.
      Life insurance or any insurance for that matter is designed help one become “whole” again. It’s purpose is to help protect someone from a financial loss.
      So if you are looking to insure a person, but would not be affected “financially” by that person’s loss, you theoretically wouldn’t have a “insurable risk” in this person’s life (this is why you can’t insure a stranger).

      So, along these lines, if you’re looking to insure someone whom you don’t depend on financially, or would not suffer “financially” from their passing, from an life insurance perspective, you would “theoretically” not have an insurable interest, because you would not suffer from a financial loss as a result of this individual passing.
      Now there are some situations where you may suffer from a financial loss such as having to pay:

      • Burial costs or final expenses.
      • Estate taxes.
      • Or some other expenses…

      Which may justify the need for insurance which may satisfy an income requirement, however these types of “losses” will need to be well defined and documented prior to an insurance company approving your life insurance policy. Lastly, when it comes to “income justification”, it usually won’t be an issue unless you’re looking for a policy greater than $100,000.

      Now on to your question regarding a “non-working” spouse. If a non-working spouse were to pass away, there would be costs associated with that. Costs such as burial expenses and the “cost” to replace any work that they may do in or around the home.

      For this reason, it is generally accepted that “non-working” spouses should be eligible for up to the same amount of coverage the primary bread earn is insured for (within reason) without having to “justify” the need. Of course, we should not that if you are seeking a “large” life insurance policy, insurance underwriters may seek additional information or “justification” for the insurance need.

      Hopefully this answers your questions, if not feel free to give us a call and we’ll be more than happy to explain in further detail.

      Thanks,

      TermLife2Go.

  9. Cindy

    This is a question regarding Valerie’s situation (heart transplant). Couldn’t she apply for life insurance not requiring a medical exam? Or are those policies for people who have never had an exam or had one a long time ago? Would one be asked health questions anyway? For example, if you know you have high blood pressure, would you have to answer that question on a “no medical exam” application? My impression was that for the “no medical exam required” application, no health questions would be asked

    • TermLife2Go

      Cindy,

      In general, there are three different types of life insurance policies one can choose to apply for.

      1. Traditional term or whole life insurance policies.

      These are life insurance policies that will require an applicant to take a medical exam and answer a series of health-related questions. A prescription database check will be performed as well.

      Applicants will need to be able to “medically” qualify for these types of life insurance policies before they will be “eligible” for coverage.

      2. Simplified issue life insurance policies.

      Are life insurance policies that won’t require a medical exam but will ask a serious of health-related questions and will run a prescription database check to confirm eligibility.

      These policies will require one to “medically” qualify for coverage, and can potentially be more difficult qualify for particularly if the applicant does have a history of a pre-existing medical condition.

      3. Guaranteed issue life insurance policies.

      Guaranteed issue life insurance policies are life insurance policies that won’t require an individual to take a medical exam or answer any health-related questions. The problem with these types of life insurance policies is that they are generally reserved for those over the age of 50 and they:

      • Usually only provide coverage up to $25,000 dollars.
      • And will contain a Graded death benefit.

      For more information about these types of life insurance policies, we would recommend that you take a look at the following articles:

      https://termlife2go.com/no-medical-exam-life-insurance-versus-taking-exam/

      https://termlife2go.com/guaranteed-issue-life-insurance/

      Thanks,

      TermLife2Go.

  10. Brenda N

    I’m looking for insurance that doesn’t give me a hassle about checkups . I’m 62 years old n good health.

    • TermLife2Go

      Brenda,

      There are many different life insurance companies that are now currently offering policies that won’t require someone to take a medical exam in order to qualify.

      We would just need to know how much coverage you are looking for and if you have any pre-existing medical conditions which may make one of those policies a better fit than another.

      For this reason, we would just recommend that you give us a call and we’ll see what we can do to help you out.

      Thanks,

      TermLife2Go.

    • TermLife2Go

      Stacie,

      That sounds good, just give us a call and we’ll do our best to help you out.

      Thanks,

      TermLife2Go.

  11. cheryl

    My husband is 65 healthy retired. Im 60 healthy working.
    We don’t have life insurance and would like to get 20 year policy.
    What do you suggest for us?

    • TermLife2Go

      Cheryl,

      Your best bet would be to give us a call so we can try to determine what rate classes you might qualify for. This way we can get an idea about which insurance company might offer you the best deal.

      Thanks,

      TermLife2Go.

  12. Lewis sumler

    I am 47 yr old healthy male don’t drink or smoke. I have a pre-existing well managed condition I could live another 50 yrs. No children, great nephews & niece’s I am interested in fixed premium affordable whole life insurance.

  13. eric van haaften

    Most people realize term life insurance rates are greatly affected by your age. Most insurance agent’s always tell you the best time to buy a policy while you’re still young. Great coverage of the prices you pay for life insurance at different ages with the various products available to address these needs.

  14. Heather

    Hi my name name is Heather and I’m only 24 bit I’m a single mother of 3 boys… I currently had a scare that had me really thinking about needing to protect my boys. Well not only protected but to keep them covered if something were to happen to me. I was looking into globe life (whole life) for them? They are 11 months, 3, and 4. But I didn’t know about myself. What is best to do? Whole life or term? How does that work? When my term is up, say I get the 15 years, when I’m 40 do I have to pay the 40 year old premium? I’m so lost and don’t know which type would expect better so any input would be helpful thanks!!

    • TermLife2Go

      Heather,

      Your asking a lot of great questions which is why I would suggest that you give us a call so that we can assist you in finding policies that will cover all of your needs.

      Thanks,

      TermLife2Go.

  15. Nicole D

    My mother is 71 and has never considered life insurance, She is the only surviving person I have left In my family and I have 2 young children, Never graduated , She is looking for insurance that will pay a death benefit upon her passing which She is healthy But finally knows she has to help out the only one left to support her grandkids. She wants to make sure that it is a minimum of 100-500,000 And not sure Exactly how it works due to her being older now, (Senior Term correct) How can she know for a fact if she pays this monthly that myself her daughter Will be granted and guaranteed a immediate issue and access to these funds.
    How does it work if she has been paying for 6 months and passes on the 7th month , Would I the only and sole beneficiary Still receive the full amount of coverage she chooses? How long is the process after a death to receive funds to pay for funeral , mortgage etc????

    • TermLife2Go

      Nicole,

      You’re asking all the right questions, but we would really need to speak with your directly to be able to answer them sufficiently. For this reason, why don’t you just give us a call and we’ll do our very best to help you out!

      Thanks

      TermLife2Go.

    • TermLife2Go

      Bernard,

      Our quoter will instantly provide rates from various insurance companies, so if you’re just looking to see what rates you may qualify for, that would be our suggestion.

      Now if you want to get a better idea on exactly what “rate class” you would qualify for, we would suggest that you give us a call.

      Thanks,

      TermLife2Go.

  16. Valerie

    I am looking for life insurance quote.
    I am 47 years old.
    I recently had a heart transplant .
    I have a young son.

    • TermLife2Go

      Valerie,

      Finding coverage as a heart transplant patient is going to be really tough. In fact, we’re not aware of any traditional term or whole life insurance product that would take on a heart transplant applicant. We do however know of a company that would offer you up to $25,000 dollars in coverage through a “guaranteed issue” product, but other than that you’re best bet would most likely be an accidental death policy.

      Why don’t you give us a call so that we can learn more about your situation and see if we have something that might interest you.

      Thanks,

      TermLife2Go.

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