Average life insurance rates for 18–70 year olds for 2020 – Get your quote online

It's hard to set a price for peace of mind, but ideally, that's what life insurance will give you and your family. Since life insurance rates are tailored to the individual, the amount can vary widely from one person to another. This makes it difficult to establish an average monthly cost, but we can give you a general idea of ​​the typical costs of life insurance for a few demographics.

What is the average cost of life insurance? A healthy person between the ages of 18 and 70 can expect to pay an average of $ 67.88 per month for a $ 250,000 life insurance policy. Of course, this cost varies significantly depending on where you fall into that age group, as well as your lifestyle and general health. Compose the average cost of living insurance for a healthy non-smoker based on your health. 39; age. Life Insurance Quotes for Youth18 $ 16.94 $ 26.04 $ 41.9919 $ 16.91 $ 25.97 $ 41.8620 $ 16.26 $ 25.06 $ 40.9421 $ 16.19 $ 25 04 $ 40.7722 $ 16.15 $ 24.85 $ 40.6423 $ 16.09 $ 24.74 $ 40.5124 $ 16.02 $ 24.63 $ 40.3825 $ 16.02 $ 24.63 $ 40.51Average life insurance quotes for people under 3526 $ 16.11 $ 24.64 $ 40.7427 $ 16.24 $ 25.08 $ 41.1328 $ 16.34 $ 25.26 $ 41.5729 $ 16.17 $ 25.51 $ 41.8130 $ 16.61 $ 25.82 $ 42.2531 $ 16.88 $ 26.32 $ 43.1132 $ 16.68 $ 26.81 $ 43.9733 $ 17.25 $ 27.27 $ 45.0634 $ 17.63 $ 27.82 $ 46.2635 $ 18.01 $ 28.55 $ 47.44Average life insurance quotes for average people36 aged $ 18.88 $ 30 .09 $ 50.4637 $ 19.72 $ 31.60 $ 53.5438 $ 20.80 $ 33.45 $ 57.3939 $ 21.62 $ 35.41 $ 61.2840 $ 23.04 $ 37.51 $ 65.6941 $ 24.39 $ 40.47 $ 71.7642 $ 26.35 $ 43.58 $ 77.7143 $ 28.16 $ 46.83 $ 84.1344 $ 30.19 $ 50.54 $ 91 .6145 $ 32.34 $ 54.53 $ 99.61Average life insurance quotes for people with less than 5546 $ 35.16 $ 59.44 $ 108.4047 $ 37.83 $ 64.37 $ 117.8648 $ 40.89 $ 70.10 $ 128.9749 $ 44.30 $ 76.59 $ 141, 0750 $ 48.12 $ 83.22 $ 154.3751 $ 52.21 $ 90.54 $ 168.5352 $ 56.64 $ 98.59 $ 183.8453 $ 61.42 $ 107.83 $ 201.6154 $ 67.01 $ 117.65 $ 220.5455 $ 73.35 $ 129.32 $ 242.25Average life insurance quotes for seniors56 $ 83.06 $ 144.70 $ 270.3957 $ 91.97 $ 160.41 $ 300.7358 $ 102.21 $ 178.47 $ 335.3659 $ 114.29 $ 199.10 $ 372.8560 $ 127.92 $ 222.99 $ 415.8861 $ 142.77 $ 252.34 $ 477, 4562 $ 160.17 $ 286.80 $ 545.3763 ​​$ 179.26 $ 328.70 $ 626.2164 $ 199.87 $ 373.30 $ 711.4965 $ 224.89 $ 423.45 $ 809.96Average quotations of life insurance for seniors over 6666 $ 269.45 $ 507.82 $ 981.5767 $ 311.79 $ 580.81 $ 1,130.1068 $ 352.78 $ 659.61 $ 1,289.6369 $ 396.68 $ 752.01 $ 1,470.2870 $ 445.39 $ 850.39 $ 1,666.64Rates are provided by Policygenius and valid as of 2019 in all states except New York and Montana. Methodology To find these rates, we calculated the average premiums quoted by 14 life insurance companies for men and women in excellent health. We got these rates from Policygenius (2019), which means they are subject to change. Not all life insurance companies offer policies for all age groups, so rates for some age groups may have been mediated by fewer companies. Average term life insurance quotes for men and women Let's see the average cost of a 30 year policy with three different coverage amounts. These rates are based on male and female non-smoking employees. Term Life Insurance Rates for Men $ 250,000 $ 14.84 $ 20.85 $ 46.3 $ $ 500,000 $ 22.93 $ 33.31 $ 79.88 $ 1,000,000 $ 38.61 $ 58.14 $ 147.83 Medium Term Life Insurance Rates for Women $ 250,000 $ 13.13 $ 18.23 $ 35.8 $ 28.2 $ 31.7 $ 28.2 $ 31.7 Prices are provided by Quotacy and valid from May 2018. Get life insurance quotes online from the best companies

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Product

20 – 60 years old

$ 100,000

$ 8,000,000

No

Not available in New York

Time-limited life insurance with no policy charges and the freedom to cancel at any time. Simple application process that can get you approved immediately for coverage.

18-85 years old

$ 10,000

$ 10,000,000 +

It depends on the provider and the policy

All 50 states

Compare cheap quotes from 12+ A-rated life insurance companies side by side

25 – 60 years old

$ 100,000

$ 5,000,000

No

Available in all states except NY, CA and MT

Get long-term life insurance with accelerated underwriting or coverage without exam up to $ 1,000,000. Available in all states except CA, NY and MT.

18 – 100 years old

$ 50,000

$ 3,000,000 of

No

Nationwide

This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.

18-64 years old

$ 100,000

$ 3,000,000 of

No

All 50 states

Custom term life insurance policies up to $ 3 million, no medical examination for some applicants.

21 – 54 years old

$ 50,000

$ 1,000,000 of

No

Not available in New York

2, 10 and 20 year life insurance policies at affordable prices. Instant quotes and no medical tests.

18 – 80 years old

$ 50,000

$ 25,000,000

It depends on the provider and the policy

All 50 states and D.C.

Request a quote in minutes from more than a dozen insurers.

20-75 years

$ 100,000

$ 10,000,000

No

All states and DC

Build a customized laddering strategy to target specific financial responsibilities and save on useful life.

20 – 80 years old

$ 25,000

$ 10,000,000

No

All 50 states

Quickly request a quote for coverage with this market, which compares the lifetime and full insurance policies of over 45 airlines.

eCoverage

25-83 years

$ 25,000

$ 1,000,000 of

It depends on politics

Get a lifetime quote from eCoverage – starting at $ 15 a month.

18 – 64+ years old

$ 5,000

$ 100,000

No – simple application

All states except New York

Simple application process without medical examination and no waiting period. Pay $ 1 for the first month of coverage.

18-75 years old

$ 25,000

$ 10,000,000

Medical tests not required in most cases

Not available in New York,

Time-limited life insurance without medical tests for $ 1 million coverage or less. The online application makes you a decision in 10 minutes.

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What influences my life insurance rates? To determine your premium, your insurer will evaluate the following: Policy type. Life insurance is temporary, so it costs six to ten times less than permanent policies like whole life. In addition to offering permanent coverage, permanent policies have a savings component and become a cash resource over time. A $ 1 million policy will be more expensive than a $ 250,000 or $ 500,000 policy and so on. Riders. Most insurers charge a fee to add optional extras to the policy, such as a waiver of premium or expedited benefits. Your age. The older you are, the lower your life expectancy – which is why insurers reserve the best rates for young applicants. Your gender. Studies show that women tend to live longer than men, so insurers apply lower premiums to women. The reason is simple: there is less chance that they will have to pay your policy. Your smoke state. Since smoking is linked to a variety of health problems, smokers almost always pay more for coverage. Your insurer will take into account pre-existing health conditions and high cholesterol or blood pressure levels when establishing your premium. Your family medical history. If you have a family history of serious health conditions such as cancer, stroke and heart disease, your insurer will likely increase your rates. Most insurers only look at your parents if they are over 60, but some carriers also consider your siblings' health. If your job puts you in dangerous situations – such as mining, firefighting or war journalism – you will probably pay more than someone with an office job. Subscribers evaluate your driving record, alcohol and drug use, whether you participate in high-risk hobbies, such as aviation or scuba diving. Candidates who lead safe lifestyles are rewarded with better prizes. How Much Life Insurance Do I Need? To determine the coverage you need, think about your financial obligations now and in the future. When crunching the numbers, keep the following in mind: Revenue. If you were to die unexpectedly or find yourself unable to work because of an illness or injury, how would your family manage without your income? Look for life insurance policies that are sufficient to replace your income until all debts have been paid in full. Do you have a mortgage, auto loan, credit card or other debt? Calculate the current expenses that your family needs to maintain their current and future lifestyle. If your family includes people who depend on you financially, consider their future needs. For example, your children will likely go to college or elderly parents may need treatment. Take into account all the expenses on which your family depends. Evaluate your shares, savings and pension accounts and investment properties. Can your family live comfortably outside of these, or would you prefer them to continue building those investments? Use our life insurance calculator for a quick estimate of how much coverage you may need. How can I get cheap life insurance rates? other factors may be out of your hands. But there are a few things you can do to potentially reduce your premium. If you are a smoker, a logical step to reduce your premium – and improve your health – is to get rid of the habit as soon as possible. This can help you avoid rates that are double or more than those of a non-smoker. Reduce consumption. Some drinks won't affect your rates much. But if you tend to enjoy more than one drink a day, consider reducing your alcohol intake at lower rates. Insurers consider your weight and how much you play an important part in determining risk. A lower body mass index typically leads to cheaper rates. Consider the main life changes. Your life insurance policy should change based on your needs. For example, after your kids have grown up and support each other, you can often cut back on coverage. One trick to keeping more money in your pocket is to look for savings opportunities. Talk to your supplier about cheaper rewards with a family or joint policy rather than an individual plan. Life Insurance Myths Life insurance is a simple concept: pay now to protect your family later. But it can be confusing and many people give up on the life insurance network created because they don't understand how it works as part of a financial plan. Here are the top three myths about life insurance. Life insurance is too expensive. It may seem difficult to consider the premiums for yet another insurance plan. But life insurance is a worthwhile investment that can prevent your family from facing unnecessary debt and hardship after your death. You can keep your rewards low by buying just the coverage you need. It is a waste of money. Life insurance is designed to protect those you love in times of need. Do you consider how your family would cope if you were injured and unable to work? A life insurance policy could help them keep up with mortgage repayments, credit card debt and ongoing charges. Covering is a long and difficult process. It is true that many insurers require a medical examination and thorough underwriting processes. But if you sign up for a long-term or full life, the peace of mind that your family is protected could outweigh the hassle of a time. You will also find suppliers who offer policies without medical tests with rapid approval, albeit often with higher premiums. When applying for a policy, your insurer will take into account your age, gender, health, family medical history, profession, lifestyle and driving record. To make sure you get the best possible premium, compare life insurance companies.