How Much Does Term Life Insurance Cost?

A term life insurance policy is one of the least expensive ways to pay for insurance.  A life insurance policy is a contract between a policy holder and an insurer in which the insurer guarantees that they will pay a sum of money to the policy holder at the time of their death.  This type of insurance provides coverage at a fixed rate of payment for a limited time; after which, the coverage expires and the previous rate of premium is no longer guaranteed.  Term life insurance is a pure death benefit where its use is to provide coverage of financial responsibilities for the insured.  The most common term in getting term life insurance usually ranges from 10 to 30 years.  The cost of term life insurance depends on the insurer as well as the amount of coverage the policy holder gets.

How much is it?

Sex
Age
Term Policy
Annual Price Range
Male
25
$1,000,000 Face – 30 yrs
$600 to $750
Male
35
$1,000,000 Face – 30 yrs
$750 to $850
Male
45
$1,000,000 Face – 30 yrs
$1,600 to $1,900
Female
25
$1,000,000 Face – 30 yrs
$450 to $600
Female
35
$1,000,000 Face – 30 yrs
$600 to $750
Female
45
$1,000,000 Face – 30 yrs
$1,300 to $1,600
Male
25
$1,000,000 Face – 20 yrs
$350 to $500
Male
35
$1,000,000 Face – 20 yrs
$400 to $550
Male
45
$1,000,000 Face – 20 yrs
$1,000 to $1,300
Female
25
$1,000,000 Face – 20 yrs
$300 to $450
Female
35
$1,000,000 Face – 20 yrs
$350 to $450
Female
45
$1,000,000 Face – 20 yrs
$800 to $1,000
Male
25
$1,000,000 Face – 10 yrs
$200 to $300
Male
35
$1,000,000 Face – 10 yrs
$250 to $350
Male
45
$1,000,000 Face – 10 yrs
$500 to $650
Female
25
$1,000,000 Face – 10 yrs
$230 to $350
Female
35
$1,000,000 Face – 10 yrs
$250 to $350
Female
45
$1,000,000 Face – 10 yrs
$450 to $600

NOTE:  Smokers can take the quotes above an multiply it by more than two to three times the amount.  For example, a male smoker at the age of 35 can expect to pay at least $4,000 for a policy.

What is going to be included?

What are the extra costs?

How to choose a policy:

Tips to know:

How can I save money?

Average Price for Users : $0

How much did you spend?

Was it worth it?   Yes      No

About us | Contact Us | Privacy Policy | Archives
Copyright © 2010 - 2014 | Proudly affiliated with the T2 Web Network, LLC