If you’re trying to find out how much you’ll pay per month for a life insurance policy, there are plenty of resources out there (and this post intends to be one of them), but the best way to get an accurate idea of the cost of life insurance for you is to request a personalized life insurance quote. There are so many factors that go into each life insurance quote – age, gender, health, location, etc. – that any generalized quote you see on the internet should only be thought of as an rough estimate as to what your actual rate might be. So with that disclaimer out of the way (and per our lawyer we’ve added another disclaimer at the bottom of the page), let’s check out some life insurance rates.
How Much Does $100,000 of Life Insurance Cost?
As stated above, there are so many factors that go into each life insurance quote that none of these quotes can be
considered actual offers for life insurance. Hopefully, though, they can give you a rough idea of what you might expect to pay. We’ll start with a small life insurance policy of $100,000 and break down the quotes based on age at which you purchase the policy and the term of the policy (ie, length of years it’s in effect). We assume a healthy, non-smoker. As you review the various quotes on this page, the benefit of purchasing life insurance when you’re young will become evident.
$100,000 Life Insurance Policy Purchased at Age 25
- 10 year term: $6/month (female), $7/month (male)
- 20 year term: $8/month (female), $9/month (male)
- 20 year ROP: $17/month (female), $24/month (male)
- 30 year term: $11/month (female), $12/month (male)
- Lifetime*: $23/month (female), $30/month (male)
$100,000 Life Insurance Policy Purchased at Age 35
- 10 year term: $6/month (female), $7/month (male)
- 20 year term: $8/month (female), $9/month (male)
- 20 year ROP: $30/month (female), $37/month (male)
- 30 year term: $12/month (female), $13/month (male)
- Lifetime*: $31/month (female), $39/month (male)
$100,000 Life Insurance Policy Purchased at Age 45
- 10 year term: $9/month (female), $10/month (male)
- 20 year term: $13/month (female), $16/month (male)
- 20 year ROP: $51/month (female), $56/month (male)
- 30 year term: $19/month (female), $24/month (male)
- Lifetime*: $44/month (female), $57/month (male)
$100,000 Life Insurance Policy Purchased at Age 55
- 10 year term: $17/month (female), $21/month (male)
- 20 year term: $25/month (female), $34/month (male)
- 20 year ROP: $95/month (female), $115/month (male)
- 30 year term: $51/month (female), $75/month (male)
- Lifetime*: $73/month (female), $93/month (male)
How Much Does $250,000 of Life Insurance Cost?
Need help deciding how much life insurance is right for you? A good starting point is the life insurance calculator. Let’s jump up to a quarter million dollar policy. As you may have noticed in the previous example, the rates for males is usually slightly higher than for females. Rates also vary depending on which state you reside in, but for the most part not significantly. If you’re age 25, you can likely get $250,000 of life insurance for under ten bucks a month.
$250,000 Life Insurance Policy Purchased at Age 25
- 10 year term: $8/month (female), $9/month (male)
- 20 year term: $11/month (female), $13/month (male)
- 20 year ROP: $35/month (female), $46/month (male)
- 30 year term: $16/month (female), $19/month (male)
- Lifetime*: $58/month (female), $70/month (male)
$250,000 Life Insurance Policy Purchased at Age 35
- 10 year term: $9/month (female), $9/month (male)
- 20 year term: $12/month (female), $12/month (male)
- 20 year ROP: $50/month (female), $55/month (male)
- 30 year term: $19/month (female), $23/month (male)
- Lifetime*: $77/month (female), $97/month (male)
$250,000 Life Insurance Policy Purchased at Age 45
- 10 year term: $15/month (female), $16/month (male)
- 20 year term: $23/month (female), $28/month (male)
- 20 year ROP: $90/month (female), $106/month (male)
- 30 year term: $37/month (female), $45/month (male)
- Lifetime*: $110/month (female), $143/month (male)
$250,000 Life Insurance Policy Purchased at Age 55
- 10 year term: $29/month (female), $38/month (male)
- 20 year term: $50/month (female), $65/month (male)
- 20 year ROP: $188/month (female), $244/month (male)
- 30 year term: $95/month (female), $133/month (male)
- Lifetime*: $183/month (female), $229/month (male)
How Much Does $500,000 of Life Insurance Cost?
Below are quotes for $500,000 in life insurance, again, broken down by age at purchase and term of policy. You may have noticed we’ve been including a quote for a 20 year ROP life insurance policy. “ROP” is shorthand for “return of premium.” With an ROP policy, at the end of the term you receive a lump sum payment of everything you paid into the policy. A return of premium policy is a great way to protect your newborn financially, while also having a secondary benefit of creating a lump sum payment right around the time they’re ready for college. For example, based on the quote estimate below, a 25 year old mother could receive a lump sum of $9,360 after 20 years, while paying less than $40 a month for life insurance.
$500,000 Life Insurance Policy Purchased at Age 25
- 10 year term: $12/month (female), $14/month (male)
- 20 year term: $16/month (female), $20/month (male)
- 20 year ROP: $39/month (female), $56/month (male)
- 30 year term: $20/month (female), $28/month (male)
- Lifetime*: $107/month (female), $130/month (male)
$500,000 Life Insurance Policy Purchased at Age 35
- 10 year term: $12/month (female), $14/month (male)
- 20 year term: $19/month (female), $21/month (male)
- 20 year ROP: $69/month (female), $87/month (male)
- 30 year term: $33/month (female), $39/month (male)
- Lifetime*: $149/month (female), $190/month (male)
$500,000 Life Insurance Policy Purchased at Age 45
- 10 year term: $25/month (female), $28/month (male)
- 20 year term: $40/month (female), $50/month (male)
- 20 year ROP: $171/month (female), $192/month (male)
- 30 year term: $66/month (female), $85/month (male)
- Lifetime*: $211/month (female), $262/month (male)
$500,000 Life Insurance Policy Purchased at Age 55
- 10 year term: $51/month (female), $70/month (male)
- 20 year term: $92/month (female), $123/month (male)
- 20 year ROP: $352/month (female), $443/month (male)
- 30 year term: $182/month (female), $258/month (male)
- Lifetime*: $361/month (female), $444/month (male)
How Much Does $2,000,000 of Life Insurance Cost?
Why did we skip the cost of $1,000,000 of life insurance? Because the price of one million dollars of life insurance is our most common request, so we cover it in its own blog post. Click the hyperlinks if you’d like to check out the quotes for $1,000,000 in life insurance: 2014 and 2016. So instead, let’s look at quotes for $2,000,000 in life insurance.
$2,000,000 Life Insurance Policy Purchased at Age 25
- 10 year term: $32/month (female), $38/month (male)
- 20 year term: $46/month (female), $66/month (male)
- 20 year ROP: $140/month (female), $206/month (male)
- 30 year term: $65/month (female), $94/month (male)
- Lifetime*: $402/month (female), $500/month (male)
$2,000,000 Life Insurance Policy Purchased at Age 35
- 10 year term: $35/month (female), $40/month (male)
- 20 year term: $60/month (female), $71/month (male)
- 20 year ROP: $258/month (female), $329/month (male)
- 30 year term: $113/month (female), $135/month (male)
- Lifetime*: $574/month (female), $717/month (male)
$2,000,000 Life Insurance Policy Purchased at Age 45
- 10 year term: $89/month (female), $88/month (male)
- 20 year term: $139/month (female), $184/month (male)
- 20 year ROP: $562/month (female), $726/month (male)
- 30 year term: $240/month (female), $321/month (male)
- Lifetime*: $761/month (female), $999/month (male)
$2,000,000 Life Insurance Policy Purchased at Age 55
- 10 year term: $182/month (female), $259/month (male)
- 20 year term: $337/month (female), $470/month (male)
- 20 year ROP: $1,383/month (female), $1,768/month (male)
- 30 year term: $683/month (female), $977/month (male)
- Lifetime*: $1,382/month (female), $1,677/month (male)
Request a Free, No-Obligation Life Insurance Quote
The quotes above are only estimates and, as we said before, individual quotes will vary based on various factors including the state you live in, your health and smoking history, etc. If you need help picking an appropriate life insurance policy for you, please call us or send us an email. We’re also always happy to provide you with a free, no-obligation life insurance quote.
*Our lifetime quotes are based on Guaranteed Universal Life Insurance rates. These quotes do not reflect cash value building policies. We do not endorse cash value policies, with limited exceptions.
Disclaimer: This information is provided for educational purposes only and does not constitute an offer for insurance. The figures provided are merely estimates and are current only as of the time of this posting. Please request a quote for more accurate personalized life insurance rates.
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