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.

Life insurance monthly rates by age for women*

Age Policy Amount 20-year term 30-year term Universal life to age 100 Whole life
20 $250,000

$500,000

$1,000,000

$11

$17

$27

$15

$23

$40

$52

$94

$162

$106

$208

$405

30 $250,000

$500,000

$1,000,000

$12

$19

$26

$17

$27

$46

$73

$135

$245

$154

$303

$596

40 $250,000

$500,000

$1,000,000

$16

$25

$43

$24

$42

$76

$102

$188

$353

$232

$459

$907

50 $250,000

$500,000

$1,000,000

$31

$55

$100

$52

$95

$182

$157

$289

$551

$355

$705

$1,401

60 $250,000

$500,000

$1,000,000

$76

$138

$267

N/A

N/A

N/A

$255

$482

$944

$546

$1,086

$2,162

Quote

*Sample monthly rates provided by Clearlink partner. All rates as of 9/26/2019.

Life insurance monthly rates by age for men*

Age Policy Amount 20-year term 30-year term Universal life to age 100 Whole life
20 $250,000

$500,000

$1,000,000

$13

$19

$32

$18

$30

$51

$64

$119

$212

$123

$241

$472

30 $250,000

$500,000

$1,000,000

$13

$20

$32

$20

$32

$57

$87

$161

$294

$176

$346

$683

40 $250,000

$500,000

$1,000,000

$18

$29

$51

$29

$51

$95

$119

$229

$436

$259

$514

$1,017

50 $250,000

$500,000

$1,000,000

$40

$72

$138

$69

$128

$249

$175

$338

$652

$397

$790

$1,569

60 $250,000

$500,000

$1,000,000

$107

$210

$396

N/A

N/A

N/A

$297

$577

$1,128

$627

$1,249

$2,488

Quote

*Sample monthly rates provided by Clearlink partner. All rates as of 9/26/2019.


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 monthly rates *

  $50,000 $100,000
Age Male Female Male Female
20 $11 $10 $10 $9
30 $11 $10 $10 $9
40 $15 $13 $12 $11
50 $24 $20 $22 $24
60 $28 $41 $32 $27
70 N/A $134 N/A $263
Quote

*Sample monthly rates provided by Clearlink partner. All rates as of 9/26/2019.


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
41 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.

Leave a Comment