Life Insurance
How much does term life insurance cost?
For a healthy non-smoker: $500,000 20-year term — Age 25: $18–$25/month; Age 30: $20–$28/month; Age 35: $25–$35/month; Age 40: $40–$55/month; Age 45: $65–$90/month; Age 50: $110–$150/month. Women pay 20–30% less. Smokers pay 2–4x more. Health class significantly affects premiums.
Key Points
- Healthy 35-year-old: $500,000 20-year term = approximately $25–$35/month
- Women pay 20–30% less than men for the same coverage
- Smokers pay 2–4x more than non-smokers
- Health class matters: Preferred Plus vs Standard can differ by 40–60%
- Rates increase significantly with age — buy now and lock in your rate
- An independent agent finds the carrier most likely to give you the best health class