Life Insurance Rates By Age

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Insurantly Life gathered data from across dozens of life insurance websites to provide you with life insurance rates broken down by age and the term of the policy. The cost of life insurance varies significantly as we age and chose the plan that is relevant to our needs. Keep in mind as we focus on high risk life insurance your age as well as the other factors will increase your risk and as a result so does your monthly rate. Age is just one factor but it gives you a base from which to start.

WHY IS AGE A RATE FACTOR FOR LIFE INSURANCE COMPANIES?

10 YEAR LIFE INSURANCE RATES

You will find that the 10 year term is likely the least expensive types of life insurance products. Particularly if you are high risk. This product will give you a guaranteed level for the initial period of ten years. Rates will again increase every year thereafter also being influenced by your age.

BELOW ARE SAMPLE LIFE INSURANCE QUOTE CHARTS BY AGE USING CORRESPONDING ESTIMATED MONTHLY PRICING. 10 YEAR TERM LIFE INSURANCE QUOTES BY AGE FOR HEALTHY MALES.

YOUR AGE $250,000 VALUE $500,000 VALUE $1,000,000 VALUE
AGE 30 - 40 $9 - $25 $13 - $25 $20- $40
AGE 40 - 50 $11 - $25 $17 - $40 $27 - $76
AGE 50 - 60 $23 - $62 $41 - $114 $75 - $211
AGE 60 - 70 $61 - $175 $113 - $322 $210- $622
AGE 70 - 80 $174 - $750 $321 - $1495 $620 - $2600

10 YEAR TERM FROM AGES 30 TO 70 YEARS OLD. Please note these rates by age are based on good health. If you are considered high risk you will likely pay more than what we have in our life insurance rate charts. Smokers for example can sometimes pay up to 3 times the amount.

10 YEAR TERM LIFE INSURANCE QUOTES BY AGE EXPLAINED (USING A $500,000 POLICY)

  • LIFE INSURANCE RATES ARE ESTIMATED USING AGE RANGES ALONG WITH CORRESPONDING MONTHLY RATE QUOTES. FOR EXAMPLE, A 30 YEAR OLD MAY PAY AROUND $13 PER MONTH COMPARED TO A 40 YEAR OLD WHO MAY PAY UP TO $25 OR MORE PER MONTH.
  • FROM THE TIME A MALE TURNS 50 TO WHEN HE TURNS 60 THE MONTHLY COST COULD BE TWO TIMES HIGHER.
  • FOR MALES 60 YEARS OLD COMPARED TO A 70 YEAR OLD MALE THE 70 YEAR OLD MALE CAN PAY UP TO 3 TIMES MORE. FOR EXAMPLE IN OUR CHART A 60 YEAR OLD MALE COULD PAY $113 PER MONTH COMPARED TO OVER $322 PER MONTH FOR A 70 YEAR OLD.

The average cost of term life insurance by age chart does not include other factors that can put someone into the high risk category. Some of common ways someone becomes high risk:

  • Health Risks such as diabetes, cancer, over weight, organ transplants, and other preexisting conditions.
  • Lifestyles such as smokers, alcoholics, drug addicts, international travelers
  • Professions such as active duty military, policemen, pilots and other high risk professions
  • Your family history such as heart disease, heart attacks etc.

How does 10 year life insurance with cash value work?

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If you are on a tight budget 10 term policies are popular and are also some of the cheapest policies you can buy. If money is tight or you believe you will no longer need the coverage at the end of the 10 year term this option may be for you.

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20 YEAR TERM LIFE INSURANCE RATES BY AGE

20 year term life insurance policies are popular for many age groups as they provide longer coverage than a 10 year. Life insurance agents often recommend families with a lot of debt such as home loans, student loans etc. It can be devastating for a family to deal with these obligations if the main income earner dies. 20 year terms for most families is long enough to substantially pay down these debts and be covered in the event of a death.

BELOW ARE SAMPLE LIFE INSURANCE QUOTE CHARTS BY AGE USING CORRESPONDING ESTIMATED MONTHLY PRICING. 20 YEAR TERM LIFE INSURANCE QUOTES BY AGE FOR HEALTHY MALES.

YOUR AGE $250,000 VALUE $500,000 VALUE
AGE 30 - 40 $13 - $25 $20 - $37
AGE 40- 50 $18 - $45 $29 - $112
AGE 50- 60 $115 - $499 $107 - $600
AGE 60- 70 $115 - $460 $212 - $800

20 YEAR TERM FROM AGES 30 TO 70 YEARS OLD. Please not that these rates by age are based on good health. High risk individuals will pay substantially more.

20 YEAR TERM LIFE INSURANCE QUOTES BY AGE EXPLAINED (USING $250,000 to $500,000 POLICY)

  • LIFE INSURANCE RATES ARE ESTIMATED USING AGE RANGES ALONG WITH CORRESPONDING MONTHLY RATE QUOTES. FOR EXAMPLE, A 30 YEAR OLD MAY PAY AROUND $13 PER MONTH COMPARED TO A 40 WHO MAY PAY UP TO $25 PER MONTH.
  • FROM THE TIME A MALE TURNS 50 TO WHEN HE TURNS 60 THE MONTHLY COST COULD BE TWO TIMES HIGHER.
  • FOR MALES 60 YEARS OLD COMPARED TO A 70 YEAR OLD MALE THE 70 YEAR OLD MALE CAN PAY UP TO 3 TIMES MORE. FOR EXAMPLE IN OUR CHART A 60 YEAR OLD MALE COULD PAY $113 PER MONTH COMPARED TO OVER $322 PER MONTH FOR A 70 YEAR OLD.

The average cost of term life insurance by age chart does not include other factors that can put someone into the high risk category. Some of common ways someone becomes high risk:

  • Health Risks such as diabetes, cancer, over weight, organ transplants, and other preexisting conditions.
  • Lifestyles such as smokers, alcoholics, drug addicts, international travelers
  • Professions such as active duty military, policemen, pilots and other high risk professions
  • Your family history such as heart disease, heart attacks etc.

*If you are considering life insurance it will be to your benefit to start it earlier in life compared to buying a policy after the age of 60.

How does 20 year life insurance with cash value work?

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Not all 20 year term life insurance policies are available for all ages. It is best to compare multiple companies if you are looking to buy life insurance. People who can be considered high risk and those over certain age ranges can benefit greatly by comparing rates with multiple companies.

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30 YEAR TERM LIFE INSURANCE RATES BY AGE

Longer life insurance policies such as a 30 year term typically are more expensive. The main advantage is a consistent premium over the life of the policy as it will remain unchanged for its term. Perhaps your family has a history of health related problems later in life. If you are a healthy 30 year old male it might be beneficial for your family to get locked into a plan now so that if you become higher risk you can avoid paying over triple the cost.

BELOW ARE SAMPLE LIFE INSURANCE QUOTE CHARTS BY AGE USING CORRESPONDING ESTIMATED MONTHLY PRICING. 30 YEAR TERM LIFE INSURANCE QUOTES BY AGE FOR HEALTHY MALES.

YOUR AGE $250,000 VALUE $500,000 VALUE $1,000,000 VALUE
AGE 30 - 40 $20 - $30 $35 - $55 $60 - $110
AGE 40- 50 $30 - $75 $55 - $140 $103 - $275

30 YEAR TERM FROM AGES 30 TO 70 YEARS OLD. Please not that these rates by age are based on good health. High risk individuals will pay substantially more.

30 YEAR TERM LIFE INSURANCE QUOTES BY AGE EXPLAINED (USING $250,000 to $500,000 POLICY)

  • LIFE INSURANCE RATES ARE ESTIMATED USING AGE RANGES ALONG WITH CORRESPONDING MONTHLY RATE QUOTES. FOR EXAMPLE, A 30 YEAR OLD MAY PAY AROUND $13 PER MONTH COMPARED TO A 40 WHO MAY PAY UP TO $25 PER MONTH.
  • FROM THE TIME A MALE TURNS 50 TO WHEN HE TURNS 60 THE MONTHLY COST COULD BE TWO TIMES HIGHER.
  • FOR MALES 60 YEARS OLD COMPARED TO A 70 YEAR OLD MALE THE 70 YEAR OLD MALE CAN PAY UP TO 3 TIMES MORE. FOR EXAMPLE IN OUR CHART A 60 YEAR OLD MALE COULD PAY $113 PER MONTH COMPARED TO OVER $322 PER MONTH FOR A 70 YEAR OLD.

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Information for Seniors

photo-1444858345149-8ff40887589bSeniors do have options with life insurance. Learn what you need to know on our life insurance for seniors page.