Life Insurance Costs
How much does life insurance cost?
Life insurance costs vary widely based on age, health, coverage amount, and policy type. A healthy 35-year-old male can get a $500,000 20-year term policy for approximately $25-$35/month. A healthy 45-year-old female can get a $500,000 20-year term policy for approximately $30-$45/month.
Key Points
- Healthy 35-year-old male: $500K 20-year term ~$25-$35/month
- Healthy 45-year-old female: $500K 20-year term ~$30-$45/month
- Whole life: 5-15x more expensive than term
- Key factors: age, health, coverage amount, policy type, term length
- Smokers pay 2-3x more than non-smokers