Average Term Life Insurance Rates by Age

Term life insurance provides coverage for a set period, or term. You can choose term lengths and coverage amounts. Term life insurance is the most popular form; 48% of Americans have it with an average coverage amount of $110,000.

The table below provides average monthly premiums for a 30-year old male, no health problems, no history of genetic conditions, with various levels of coverage.

Men are twice as likely as women to have life insurance.

The table below provides average monthly premiums for a 30-year old female, also with no health problems, no history of genetic conditions, with the same levels of coverage.

The younger you are when you take out a term policy, the healthier you will be, and the less expensive your premiums will be as a result. 60% of people who don’t buy life insurance avoid a policy because they are worried about the cost.

Taking out things like 10-year term policies to cover a 10-year debt can cost the same as a Netflix subscription for men and women.

The table below provides average monthly premiums for a 40-year old male, with some mild insomnia and above-average blood pressure, no history of genetic conditions, with several levels of coverage.

As you can see when comparing the two tables, prices jump significantly for the longer term policies and specially for the higher coverage.

The table below provides average monthly premiums for a 40-year old female, with some mild insomnia and above-average blood pressure, no history of genetic conditions, with the same levels of coverage.

As you can see when comparing the two tables, female prices are, on average, one quarter of the cost less than the comparative male prices.

The table below provides average monthly premiums for a 50-year old male, with some mild sleep problems and above-average blood pressure, with the three levels of coverage for comparison.

As you can see in this table, it starts to become more difficult to find quotes for a longer, 40-year term policy once you reach 50 because most insurance companies want the length of the term to expire around the age of 70 or 75 owing to the fact that significant health complications tend to arise thereafter, which are insufficiently covered by the term premiums.

The table below provides average monthly premiums for a 50-year old female, with some mild sleep problems and a history of depression, with the three levels of coverage for comparison.

This is the age at which you stop seeing as many term policies available.

The table below provides the average monthly premiums for a 60-year-old male, with some blood pressure issues in his past, and no history of serious diseases in the family.

As indicated in the table above, if you wait to take out a policy or a replacement policy for a previous term by the age of 60, you are limited to a maximum of 20 year policies for most companies.