Are you overestimating the cost of life insurance? Here are samples of term life insurance rates.

No matter what type of policy you buy, you'll get better life insurance rates the younger you are. But that doesn't mean that rates are unaffordable at higher ages. Term life insurance will generally offer the most competitive rates, no matter what your age.

If you're buying term life insurance, you make two choices:

  • The policy amount, which can go up into the millions
  • The length. Common choices are 5, 10, 15, 20, 25 and 30 years.

Here's a look at rates for a variety of term life insurance policy amounts by age.

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Annual life insurance rates: $100,000 term life

Gender and age 10-year $100,000 20-year $100,000 30-year $100,000
Male, 30

$110

$130

$174
Male, 40

$135

$166

$245
Male, 50

$215

$274

$451
Female, 30

$99

$117

$145
Female, 40

$117

$142

$199
Female, 50

$179

$239

$352

Annual life insurance rates: $250,000 term life

Gender and age 10-year $250,000 20-year $250,000 30-year $250,000
Male, 30

$172

$218

$277
Male, 40

$217

$256

$354
Male, 50

$330

$490

$839
Female, 30

$139

$185

$238
Female, 40

$190

$248

$293
Female, 50

$267

$387

$639

Annual life insurance rates: $500,000 term life

Gender and age 10-year $500,000 20-year term $500,000 30-year $500,000
Male, 30

$222

$309

$386
Male, 40

$266

$352

$635
Male, 50

$541

$898

$1,573
Female, 30

$199

$257

$322
Female, 40

$252

$304

$513
Female, 50

$418

$668

$1,165

Annual life insurance rates: $1,000,000 term life

Gender and age 10-year $1 million 20-year $1 million 30-year $1 million
Male, 30

$284

$458

$687
Male, 40

$407

$685

$1,198
Male, 50

$927

$1,683

$2,960
Female, 30

$270

$346

$567
Female, 40

$343

$557

$953
Female, 50

$756

$1,278

$2,177

Here's another look at the same numbers, showing rate differences for policy lengths and amounts for 30-year-old men and women.

 

Term life insurance rates for a 30-year-old male

 

 

Term life insurance rates for a 30-year-old female

Methodology: We averaged the three cheapest rates found for term life based on EverQuote research. Rates are for men and women of average height and weight, in very good health. Your own rates will be different.

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