Term Life Insurance Rates by Age

October 14th, 2019
Jonathan Fritz &
John Holloway

Finding life insurance rates online can be difficult. Here you will find sample life insurance rates sorted by age and gender. These rates are just a starting point, but it should give you an idea as to how much life insurance will cost for someone your age. For the most accurate rate, use the quote tool on this page.

Get Your Life Insurance Rates

The life insurance quote tool on noexam.com will generate term life insurance rates in any state to compare.

Life insurance rates are estimations based on basic information provided by the life insurance shopper. They are not firm offers. To get the most accurate rate, users should click apply and complete a quote with a company directly.

Factors that Determine Life Insurance Rates

Life insurance rates are calculated by factoring in an applicant’s age, gender, height, weight, and overall health.

The rate charts on this page represent the starting point, age, gender, height, and weight to determine the rate class. Rate classes are typically labeled as:

  • Preferred Plus
  • Preferred
  • Standard
  • Rated

After using the quote calculator listed above, when an acceptable quote is offered, users can click "apply" to begin their application. Once the application begins, the applicant will need to answer some health questions to determine health classification. These questions involve family history and any current or past medical conditions.

Having a medical condition like high blood pressure can move you to the next health class. A family history of heart disease or cancer before the age of 60 can also affect an applicant’s class.

Term Life Insurance Calculator

Use the term coverage calculator to determine how much coverage to get. A good rule of thumb is to have at least seven to 10 times the annual income of the household’s main financial provider in life insurance coverage.

The answer to the question of how much coverage varies and is based on many of factors. When determining the amount of coverage, consider the size of the applicant’s family, as well as their future needs, such as college tuition or wedding expenses. Also to be considered are any debts, such as a mortgage. Adding all these expenses up will give an idea of how much life insurance that family will need.

Pick a Term Length

The right term length is one that provides coverage while it is needed most. A 30-year term will provide the best value but may not be the right option, given the situation.

When choosing a term length, consider age and insurance needs. A 30-year policy term makes more sense if it is affordable. This is because the older an applicant gets, the more expensive a life insurance policy costs. A 30-year term policy at age 40 is cheaper than a 20-year term policy at age 50. Most importantly, the policy must meet the needs of the insured and be affordable.

Whole life insurance, on the other hand, specifically its cash value component, is confusing to many people. It is also more expensive, which is why we almost always recommend term.

Life Insurance Rates by Age

Below are sample term life insurance rates by age for comparison purposes. The rates are broken up by term length, gender, age, and coverage amounts. We recommend you use this comparison tool to compare actual rates from the best life insurance companies.

Average Cost of Life Insurance - How Much Does Term Life Insurance Cost?

average cost of life insurance

Term life insurance can cost as low as $10 per month or as high as $500+ per month depending on age, term length, coverage amount, and overall health. The charts below provide average rates for a 30-year old woman in good health. See our page on the average cost of life insurance.

It is important to note once you buy a term life insurance policy, the rates do not increase over the term period of the policy.

Term Life Coverage AmountAverage Monthly Cost of a 10 Year Term Policy *
$100,000$8.10
$250,000$10.34
$500,000$13.05
$1,000,000$20.88
* These life insurance rates are for a healthy 30-year-old female. An older female can expect higher rates. Use our comparison tool for a personalized quote.

10 Year Term Life Insurance Rates By Age

A 10-year term policy usually has the lowest rate. It will offer a level premium for 10 years. Once the initial 10 years is up, the premium will rise annually if the policy is renewable.

Male

Pricing samples below are rates based on a 10-year term for a healthy non-smoking male with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$9.41$13.92$18.27
19$9.41$13.92$18.27
20$9.41$13.92$18.27
21$9.41$13.92$18.27
22$9.41$13.92$18.27
23$9.41$13.92$18.27
24$9.41$13.92$18.27
25$9.41$13.92$18.27
26$9.41$13.92$18.27
27$9.41$13.92$18.27
28$9.41$13.92$18.27

Ages 29-39

Age$100,000$250,000$500,000
29$9.45$13.92$18.27
30$9.45$13.92$18.27
31$9.45$13.92$18.27
32$9.45$13.92$18.27
33$9.45$13.92$18.27
34$9.45$13.92$18.27
35$9.45$13.92$18.27
36$10.02$15.11$19.71
37$10.11$15.33$21.06
38$10.29$15.56$22.36
39$10.48$15.79$23.50

Ages 40-49

Age$100,000$250,000$500,000
40$10.75$16.25$23.75
41$11.02$16.70$24.34
42$11.39$17.85$25.41
43$12.12$19.44$25.54
44$12.94$21.04$27.56
45$13.76$22.64$29.39
45$13.76$22.64$29.39
47$15.41$26.07$35.40
48$16.23$26.60$38.53
49$17.05$27.13$41.67

Ages 50-59

Age$100,000$250,000$500,000
50$17.87$27.67$45.70
51$18.70$29.95$50.63
52$19.61$32.46$56.01
53$20.62$35.43$61.74
54$21.80$38.63$68.01
55$23.36$42.28$74.56
56$25.27$45.94$81.90
57$27.56$50.05$90.51
58$30.12$56.21$99.02
59$33.04$61.69$109.32

Ages 60-69

Age$100,000$250,000$500,000
60$36.14$68.32$127.32
61$37.94$71.91$131.81
62$41.77$79.52$147.90
63$46.03$87.78$165.30
64$50.73$98.88$185.75
65$56.04$109.1$207.5
66$61.52$122.15$230.12
67$67.70$136.72$254.48
68$74.66$153.47$281.88
69$82.58$172.61$314.94

Ages 70-74

Age$100,000$250,000$500,000
70$91.88$195.01$355.40
71$102.15$219.81$401.51
72$112.85$246.34$451.97
73$125.12$276.79$510.26
74$140.78$313.98$586.82

Female

Pricing samples below are rates based on a 10-year term for a healthy non-smoking female with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$8.04$10.34$13.05
19$8.04$10.34$13.05
20$8.04$10.34$13.05
21$8.04$10.34$13.05
22$8.04$10.34$13.05
23$8.04$10.34$13.05
24$8.04$10.34$13.05
25$8.04$10.34$13.05
26$8.04$10.34$13.05
27$8.06$10.34$13.05
28$8.08$10.34$13.05

Ages 29-39

Age$100,000$250,000$500,000
29$8.08$10.34$13.05
30$8.10$10.34$13.05
31$8.10$10.34$13.05
32$8.10$10.47$13.05
33$8.10$10.61$13.49
34$8.21$10.73$13.49
35$8.22$10.98$13.92
36$8.74$11.68$14.79
37$8.92$12.14$15.23
38$9.20$12.59$15.68
39$9.56$13.05$16.58

Ages 40-49

Age$100,000$250,000$500,000
40$9.93$13.96$17.70
41$10.48$15.11$19.04
42$11.21$16.48$20.83
43$11.85$16.89$22.59
44$12.58$16.91$25.09
45$13.22$16.93$26.66
46$13.76$17.98$28.59
47$14.31$18.99$30.82
48$14.86$20.13$33.15
49$15.32$21.50$35.40

Ages 50-59

Age$100,000$250,000$500,000
50$15.87$22.87$38.08
51$16.41$24.47$40.77
52$16.87$26.07$43.91
53$17.33$27.89$47.94
54$17.97$29.95$51.88
55$18.97$32.23$55.78
56$20.07$34.29$59.50
57$21.25$36.34$62.28
58$22.72$38.86$65.86
59$24.63$42.74$71.69

Ages 60-69

Age$100,000$250,000$500,000
60$27.47$48.22$83.13
61$28.46$52.11$86.94
62$30.77$62.99$111.80
63$40.21$75.17$133.55
64$46.03$86.65$156.60
65$51.86$99.31$180.09
66$57.52$111.06$202.28
67$63.44$123.45$224.90
68$69.61$136.50$249.26
69$76.49$151.73$278.40

Ages 70-74

Age$100,000$250,000$500,000
70$84.14$169.78$314.51
71$92.49$191.10$357.57
72$101.19$214.59$407.60
73$110.94$241.56$464.58
74$122.25$272.66$528.96

*Quotes are presented in a monthly premium format. The above quotes are for a non-smoker in excellent health and are subject to changes.

15 Year Term Life Insurance Rates By Age

A 15-year term policy is similar to the 10-year term in that it is usually one of the more affordable term lengths. It will provide coverage for 15 years at a level premium. Once the initial 15 years has passed, the premium will rise annually if the policy is renewable.

Male

Pricing samples below are rates based on a 15-year term for a healthy non-smoking male with a Preferred Plus rating.


Ages 18-29

Age$100,000$250,000$500,000
18$9.50$14.14$19.14
19$9.50$14.14$19.14
20$9.50$14.14$19.14
21$9.50$14.14$19.14
22$9.50$14.14$19.14
23$9.50$14.14$19.14
24$9.50$14.14$19.14
25$9.50$14.14$19.14
26$9.50$14.14$19.14
27$9.50$14.14$19.14
28$9.50$14.14$19.14

Ages 29-39

Age$100,000$250,000$500,000
29$9.50$14.14$19.14
30$9.50$14.14$19.14
31$9.50$14.14$19.14
32$9.50$14.14$19.58
33$9.50$14.14$19.58
34$9.50$14.14$20.01
35$9.50$14.14$20.45
36$10.11$15.33$22.36
37$10.20$15.56$22.40
38$10.48$16.25$22.40
39$10.75$16.93$25.26

Ages 40-49

Age$100,000$250,000$500,000
40$11.30$17.85$27.67
41$12.03$19.22$29.57
42$12.85$20.81$30.97
43$13.40$22.64$33.42
44$14.40$24.45$37.77
45$15.41$24.47$41.93
46$16.41$26.66$45.13
47$17.51$28.49$48.78
48$18.61$30.63$53.35
49$19.79$33.27$59.57

Ages 50-59

Age$100,000$250,000$500,000
50$21.07$37.31$67.62
51$22.44$39.79$72.44
52$23.90$43.14$78.86
53$25.64$46.97$86.51
54$27.47$51.93$96.46
55$28.96$60.81$113.69
56$31.15$66.81$124.24
57$34.41$73.86$136.76
58$38.02$81.95$151.38
59$42.17$91.09$168.08

Ages 60-65

Age$100,000$250,000$500,000
60$47.63$105.29$196.29
61$46.30$106.05$176.61
62$51.43$106.49$199.23
63$57.43$119.00$224.90
64$64.04$134.09$254.48
65$71.96$151.84$291.45

Female

Pricing samples below are rates based on a 15-year term for a healthy non-smoking female with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$8.51$11.65$15.66
19$8.51$11.65$15.66
20$8.51$11.65$15.66
21$8.51$11.65$15.66
22$8.51$11.65$15.66
23$8.51$11.65$15.66
24$8.51$11.65$15.66
25$8.51$11.65$15.66
26$8.51$11.65$15.66
27$8.51$11.65$15.66
28$8.51$11.65$15.66

Ages 29-39

Age$100,000$250,000$500,000
29$8.51$11.65$15.66
30$8.51$11.65$15.66
31$8.51$11.65$15.66
32$8.51$11.65$15.66
33$8.59$11.88$16.10
34$8.59$11.88$16.10
35$8.68$12.10$16.53
36$9.20$12.59$17.92
37$9.56$13.28$18.37
38$9.93$13.96$19.27
39$10.29$14.88$20.52

Ages 40-49

Age$100,000$250,000$500,000
40$10.75$15.79$22.46
41$11.21$16.70$24.34
42$11.75$17.85$26.68
43$12.30$19.22$29.03
44$12.94$19.79$31.85
45$13.58$19.81$33.11
46$14.22$21.27$35.96
47$14.95$22.41$38.27
48$15.68$24.01$41.50
49$16.41$26.49$45.10

Ages 50-59

Age$100,000$250,000$500,000
50$17.33$29.35$51.08
51$18.33$31.60$52.63
52$19.43$33.60$56.46
53$19.88$35.35$63.03
54$21.07$38.69$69.81
55$22.53$42.41$76.73
56$24.18$45.93$83.52
57$25.18$49.59$89.78
58$26.55$54.03$97.61
59$28.74$60.55$109.10

Ages 60-65

Age$100,000$250,000$500,000
60$32.31$69.28$124.24
61$36.38$68.64$121.37
62$43.08$79.08$143.99
63$50.99$93.00$164.00
64$59.61$109.32$183.57
65$67.96$126.06$204.45

*Quotes are presented in a monthly premium format. The above quotes are for a non-smoker in excellent health and are subject to changes.

20 Year Term Life Insurance Rates By Age

A 20-year term policy our most popular term length. It will provide coverage for 20 years at a level term premium. After the initial period of 20 years, the premiums will increase annually.

Male

Pricing samples below are rates based on a 20-year term for a healthy non-smoking male with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$9.92$14.57$20.88
19$9.92$14.57$20.88
20$9.92$14.57$20.88
21$9.92$14.57$20.88
22$9.92$14.57$20.88
23$9.92$14.57$20.88
24$9.92$14.57$20.88
25$9.92$14.57$20.88
26$9.92$14.57$20.88
27$9.92$14.57$20.88
28$9.92$14.57$20.88

Ages 29-39

Age$100,000$250,000$500,000
29$9.92$14.57$20.88
30$9.92$14.79$21.32
31$9.92$14.79$22.19
32$9.92$14.79$22.19
33$9.92$15.09$22.33
34$9.92$15.16$22.38
35$10.41$16.29$25.91
36$11.21$16.93$26.70
37$11.57$18.07$28.65
38$11.94$19.22$31.18
39$12.39$19.94$33.13

Ages 40-49

Age$100,000$250,000$500,000
40$12.67$21.67$36.92
41$13.86$23.84$39.14
42$14.86$26.00$42.97
43$15.96$28.00$46.32
44$17.24$30.60$51.58
45$17.97$33.75$59.93
46$19.15$36.25$64.93
47$20.71$39.01$70.43
48$21.89$42.26$76.94
49$23.36$46.90$85.50

Ages 50-60

Age$100,000$250,000$500,000
50$24.63$51.68$96.06
51$26.73$54.96$102.04
52$28.84$59.83$111.80
53$31.39$65.22$122.06
54$34.13$71.13$135.00
55$38.31$83.27$157.74
56$43.15$93.06$179.18
57$47.05$103.93$198.67
58$52.84$116.65$226.09
59$58.14$131.23$255.40
60$64.34$147.70$286.85

Female

Pricing samples below are based on a 20-year term for a healthy non-smoking female with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$9.05$13.09$18.71
19$9.05$13.09$18.71
20$9.05$13.09$18.71
21$9.05$13.09$18.71
22$9.05$13.09$18.71
23$9.05$13.09$18.71
24$9.05$13.09$18.71
25$9.05$13.09$18.71
26$9.05$13.09$18.71
27$9.05$13.09$18.71
28$9.05$13.09$18.71

Ages 29-39

Age$100,000$250,000$500,000
29$9.14$13.31$19.14
30$9.14$13.31$19.14
31$9.14$13.31$19.14
32$9.23$13.40$19.49
33$9.23$13.40$19.49
34$9.32$13.49$19.49
35$9.50$13.99$21.58
36$10.38$15.33$22.92
37$10.75$16.02$24.21
38$11.11$16.93$25.84
39$11.66$17.85$27.75

Ages 40-49

Age$100,000$250,000$500,000
40$12.12$18.99$29.67
41$12.67$20.13$32.06
42$13.22$21.50$35.41
43$13.86$23.33$38.18
44$14.49$24.93$42.01
45$15.32$25.94$44.98
46$16.23$27.83$48.71
47$17.14$29.49$51.68
48$18.24$31.70$55.51
49$19.06$33.86$59.81

Ages 50-60

Age$100,000$250,000$500,000
50$20.16$36.46$65.87
51$21.62$38.17$69.06
52$23.26$41.37$72.14
53$24.80$44.93$79.75
54$26.47$49.12$88.27
55$28.32$53.93$97.23
56$30.39$58.50$106.43
57$32.03$63.06$115.60
58$33.95$68.55$128.55
59$37.15$76.31$142.93
60$42.26$90.37$173.03

*Quotes are presented in a monthly premium format. The above quotes are for a non-smoker in excellent health and are subject to changes.

30 Year Term Life Insurance Rates By Age

A 30-year term offers the longest term coverage. Like the above-mentioned term lengths the 30-year term will offer a level term premium for the first 30 years, and after this initial period of can renew annually up to age 95 depending on the policy.

Male

Pricing samples below are rates based on a 30-year term for a healthy non-smoking male with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$12.96$21.53$33.06
19$12.96$21.53$33.06
20$12.96$21.53$33.06
21$12.96$21.53$33.06
22$12.96$21.53$33.06
23$12.96$21.53$33.06
24$12.96$21.53$33.06
25$12.96$21.53$33.06
26$12.96$21.75$33.50
27$13.05$21.75$33.50
28$13.14$21.97$33.76

Ages 29-39

Age$100,000$250,000$500,000
29$13.22$22.19$33.84
30$13.31$22.62$34.28
31$13.40$22.84$35.15
32$13.57$23.27$36.02
33$13.83$23.36$36.89
34$14.18$23.38$38.19
35$14.70$23.64$39.50
36$16.50$26.20$43.37
37$17.33$27.59$46.06
38$18.42$29.90$50.63
39$19.43$31.60$54.21

Ages 40-50

Age$100,000$250,000$500,000
40$20.52$33.12$57.26
41$21.80$36.67$64.07
42$23.36$40.13$70.79
43$25.09$42.57$76.17
44$26.59$46.49$82.89
45$26.59$50.87$90.51
46$28.62$55.02$98.30
47$30.93$59.63$106.14
48$33.51$65.40$116.85
49$36.46$71.25$129.44
50$39.78$77.94$141.99

Female

Pricing samples below are based on a 30-year term for a healthy non-smoking female with a Preferred Plus rating.

Ages 18-28

Age$100,000$250,000$500,000
18$11.92$18.49$26.97
19$11.92$18.49$26.97
20$11.92$18.49$26.97
21$11.92$18.49$26.97
22$11.92$18.49$26.97
23$11.92$18.71$26.97
24$11.92$18.71$26.97
25$11.92$18.71$26.97
26$12.09$18.92$27.41
27$12.27$19.36$27.41
28$12.44$19.58$27.84

Ages 29-39

Age$100,000$250,000$500,000
29$12.62$20.01$28.28
30$12.88$20.45$28.62
31$13.05$20.88$29.49
32$13.31$21.32$30.36
33$13.57$21.75$31.23
34$13.83$22.40$32.10
35$14.18$23.27$33.41
36$15.68$25.08$36.20
37$16.23$25.11$38.44
38$16.87$25.13$41.22
39$17.51$26.34$43.91

Ages 40-50

Age$100,000$250,000$500,000
40$18.15$27.61$46.51
41$18.70$29.56$50.40
42$19.61$31.68$54.21
43$20.62$33.97$58.16
44$21.24$36.71$63.43
45$21.25$40.23$68.46
46$22.90$43.49$73.84
47$24.63$46.77$80.11
48$26.92$50.42$87.73
49$29.29$54.67$96.33
50$31.94$59.64$105.66

*Quotes are presented in a monthly premium format. The above quotes are for a non-smoker in excellent health and are subject to changes.

UL Universal Life Insurance Quotes

Universal life, or sometimes called lifetime coverage, is a policy that offers a level premium for life. A universal life policy will offer coverage to up to age 121. The death benefit is fixed.

Male

Pricing samples below are rates based on a No Lapse Universal Life quote for a healthy non-smoking male with a Preferred Plus rating.

Ages 16-28

Age$100,000$200,000$300,000
16$35.63$71.26$93.10
17$35.65$71.30$93.15
18$35.67$71.34$93.18
19$35.68$71.36$93.23
20$35.70$71.40$93.27
21$35.72$71.44$93.32
22$35.73$71.46$93.35
23$35.75$71.50$93.40
24$35.76$71.52$93.44
25$35.78$71.56$93.48
26$37.63$75.26$98.24
27$39.40$78.80$102.81
28$41.11$82.22$107.22
29$42.75$85.50$111.50

Ages 29-39

Age$100,000$200,000$300,000
30$44.34$88.68$115.62
31$45.88$91.76$119.63
32$47.37$94.74$123.52
33$48.81$97.62$127.30
34$50.21$100.42$130.96
35$51.57$103.14$134.52
36$53.96$107.92$142.80
37$56.28$112.56$150.74
38$58.53$117.06$158.38
39$60.72$121.44$165.76

Ages 40-49

Age$100,000$200,000$300,000
40$62.84$125.68$172.89
41$64.91$129.82$179.79
42$66.92$133.84$186.47
43$68.88$137.76$192.96
44$70.80$141.60$199.26
45$72.66$145.32$205.37
46$79.20$158.40$222.54
47$85.38$170.76$238.79
48$91.26$182.52$254.32
49$96.86$193.72$269.20

Ages 50-59

Age$100,000$200,000$300,000
50$102.22$204.44$283.48
51$102.57$205.14$283.78
52$107.32$214.64$296.52
53$111.89$223.78$308.82
54$116.30$232.60$320.72
55$120.57$241.14$332.21
56$131.47$262.94$362.26
57$141.79$283.58$390.68
58$151.61$303.22$417.77
59$160.99$321.98$443.67

Ages 60-65

Age$100,000$200,000$300,000
60$169.95$339.90$468.50
61$175.11$350.22$482.75
62$183.23$366.46$505.31
63$191.05$382.10$527.04
64$198.60$397.20$548.03
65$205.89$411.78$568.35

Female

Pricing samples below are rates based on a No Lapse Universal Life quote for a healthy non-smoking female with a Preferred Plus rating.

Ages 16-28

Age$100,000$200,000$300,000
16$31.61$63.22$80.99
17$31.63$63.26$81.03
18$31.64$63.28$81.06
19$31.66$63.32$81.10
20$31.67$63.34$81.15
21$31.69$63.38$81.18
22$31.70$63.40$81.22
23$31.72$63.44$81.26
24$31.73$63.46$81.29
25$31.74$63.48$81.33
26$32.98$65.96$85.53
27$34.18$68.36$89.56
28$35.34$70.68$93.44

Ages 29-39

Age$100,000$200,000$300,000
29$36.47$72.94$97.18
30$37.56$75.12$100.80
31$38.63$77.26$104.31
32$39.66$79.32$107.70
33$40.68$81.36$111.00
34$41.66$83.32$114.22
35$42.63$85.26$117.35
36$44.93$89.86$123.05
37$47.15$94.30$128.52
38$49.28$98.56$133.82
39$51.34$102.68$138.95

Ages 40-49

Age$100,000$200,000$300,000
40$53.34$106.68$143.94
41$55.27$110.54$148.80
42$57.15$114.30$153.52
43$58.97$117.94$158.13
44$60.75$121.50$162.62
45$62.48$124.96$166.97
46$67.41$134.82$181.30
47$72.03$144.03$194.56
48$76.42$152.84$207.12
49$80.61$161.22$219.10

Ages 50-59

Age$100,000$200,000$300,000
50$84.61$169.22$230.54
51$86.39$172.78$235.80
52$90.01$180.02$246.11
53$93.50$187.00$256.06
54$96.87$193.74$265.65
55$100.12$200.24$274.90
56$109.33$218.66$302.66
57$117.93$235.86$328.28
58$126.05$252.10$352.42
59$133.76$267.52$375.27

Ages 60-65

Age$100,000$200,000$300,000
60$141.11$282.22$397.01
61$142.29$284.58$401.12
62$148.81$297.62$420.34
63$155.08$310.16$438.81
64$161.13$322.26$456.60
65$166.98$333.96$473.78

*Quotes are presented in a monthly premium format. The above quotes are for a non-smoker in excellent health and are subject to changes.

Life Insurance Pricing Study

In a recent study, we analyzed over 100,000 life insurance quotes that were requested on our website. The results are significant, but not surprising. The longer you wait to buy life insurance, the more it will cost you in monthly premiums. But what is more surprising is that 60% of shoppers are waiting to get life insurance until after the age of 45. This is the problem that we are working to solve. Helping to raise awareness on the importance of life insurance. If you have financial dependents, get life insurance. As you are about to find out, you get the most bang for your buck by buying it younger.

As part of our research, we asked nearly 4,000 people to guess the price of life insurance. The results were surprising. Of the group, 94% of the answers came nowhere close to the actual price of life insurance. Our research shows that Americans have no idea how much term life insurance should cost.

After 3,953 guesses 16% guessed too high, 78% guessed too low, and 6% guessed correctly.
average cost of life insurance

Life Insurance Rates Increase By Age

  • The average cost of life insurance increases by 22% from age 20 to age 30
  • The average cost of life insurance increases by 65% from age 30 to age 40
  • The average cost of life insurance increases by 96% from age 40 to age 50
  • The average cost of life insurance increases by 94% from age 50 to age 60
  • The average cost of life insurance increases by 225% from age 30 to age 50

The data shows that the price increases with age.

Overall Price Increases Ages 20 -70

An important thing to note is that this is for monthly premium. The total cost of a life insurance policy bought at age 30 vs age 45 could end up being the same if you are in perfect health, because as you age, your needs decrease (both term length and coverage amount). You'll be paying a higher rate but for a lesser amount of time.

The reason we show the prices in monthly premium is because most people do their budgets on a monthly basis. Cash in, cash out. If your income increases along this same curve you won't feel a squeeze. If it doesn't, you will certainly be feeling it when you go to buy life insurance later in life.


John Holloway
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.