How Much Does Life Insurance Cost?
🎯 Get Your Personalized Rate
Find out exactly how much you'll pay based on your age and health.
✓ No exam options ✓ Compare top insurers ✓ From $15/month
Average Life Insurance Costs (2025)
📊 Quick Stats (Healthy 35-year-old, non-smoker)
- $250K term (20-year): $15/month
- $500K term (20-year): $26/month
- $1M term (20-year): $45/month
- Whole life (same coverage): 5-15x more expensive
- Key factor: Age at purchase—rates increase ~8% per year
Term vs. Whole Life Costs
| Policy Type | $500K Coverage | Best For |
|---|---|---|
| 20-Year Term | $26/month | Most people; temporary needs |
| 30-Year Term | $42/month | Longer protection period |
| Whole Life | $350+/month | Permanent coverage; cash value |
| Universal Life | $200+/month | Flexible premiums; cash value |
Cost by Age (20-Year Term, $500K)
Age is the #1 factor in life insurance pricing. Rates increase approximately 8-10% for every year you wait.
| Age | Male (Monthly) | Female (Monthly) | Annual Cost |
|---|---|---|---|
| 25 | $19 | $16 | $210 |
| 30 | $21 | $18 | $234 |
| 35 | $26 | $22 | $288 |
| 40 | $38 | $32 | $420 |
| 45 | $58 | $48 | $636 |
| 50 | $95 | $75 | $1,020 |
| 55 | $155 | $115 | $1,620 |
| 60 | $265 | $185 | $2,700 |
*Rates for healthy, non-smoking individuals. Smokers pay 2-3x more.
Cost by Coverage Amount
Doubling your coverage doesn't double your cost. Per-dollar costs decrease with higher coverage amounts.
| Coverage | 35-Year-Old | 45-Year-Old | 55-Year-Old |
|---|---|---|---|
| $250,000 | $15/mo | $32/mo | $85/mo |
| $500,000 | $26/mo | $58/mo | $155/mo |
| $750,000 | $35/mo | $78/mo | $210/mo |
| $1,000,000 | $45/mo | $98/mo | $265/mo |
| $2,000,000 | $82/mo | $175/mo | $480/mo |
What Affects Your Life Insurance Cost?
🎂 Age
Rates increase ~8% per year. Lock in rates while you're young.
🩺 Health
Health conditions like diabetes or heart disease can increase rates 50-300%.
🚬 Tobacco Use
Smokers pay 2-3x more. Quitting for 12+ months can get you non-smoker rates.
👫 Gender
Women typically pay 15-20% less due to longer life expectancy.
🏋️ Lifestyle
High-risk hobbies (skydiving, racing) and dangerous jobs increase rates.
👨👩👧 Family History
Family history of cancer or heart disease can impact your rate class.
Life Insurance Cost FAQs
How much does life insurance cost per month?
Term life insurance costs about $26/month for a healthy 35-year-old for $500,000 in coverage. Costs vary by age, health, coverage amount, and term length. Whole life costs 5-15x more than term.
Is life insurance worth it?
Life insurance is worth it if anyone depends on your income. For less than $1/day, you can protect your family from financial hardship. It's most important if you have a mortgage, children, or a spouse who depends on your income.
Can I get life insurance without a medical exam?
Yes! No-exam policies are available but typically cost 10-25% more and have lower maximum coverage amounts (usually $500K-1M). They're great for convenience or if you have health concerns.
When should I buy life insurance?
The best time is now—rates increase with age and health changes. Buy when you're young and healthy to lock in low rates. Key times: getting married, buying a home, having children.
Lock In Your Rate Today
Life insurance rates increase every year. Get quotes now while you're young and healthy.