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Who Has The Cheapest Term Life Insurance Rates?

Who has the cheapest term life insurance rates? That depends on many factors, including your age, health and face amount of coverage. But to simplify our comparison, let's make the assumptions that you are a healthy non-smoker. We have listed below some of the most common scenarios so that you can easily see the insurers that offer the best rates. All rates quoted are monthly. Paying annually will reduce the premium. Nicotine use will raise rates.

MALE RATES

30 Year-Old Male $250,000 20-Year Rate Guarantee

$13.05 Savings Bank Life Of Ma.

$13.55 Pacific 

$13.56 Banner

$13.70 Protective

$14.22 Genworth 

 

30 Year-Old Male $250,000 10-Year Rate Guarantee

$9.30 Ohio National

$9.82 Protective

$10.06 Banner

$10.22 Savings Bank Life Of Ma.

$10.84 Pacific

 

40 Year-Old Male $250,000 20-Year Rate Guarantee

$18.34 Pacific Life

$18.38 Genworth

$18.55 Protective

$18.81 Ohio National

$18.94 American General

 

40 Year-Old Male $500,000 20-Year Rate Guarantee 

$29.41 Ohio National

$30.26 Protective

$31.06 Genworth

$31.26 Pacific Life

$31.85 American General

 

50 Year-Old Male $250,000 20-Year Rate Guarantee

$43.28 Savings Bank Life Of Ma.

$43.47 Protective

$44.19 Banner

$44.19 Genworth

44.54 American General

 

50 Year-Old Male $500,000 15-Year Rate Guarantee 

$61.25 North American

$61.57 Midland National

$62.71 Ohio National

$64.31 Genworth

$64.38 Savings Bank Life Of Ma.

 

55 Year-Old Male $250,000 15-Year Rate Guarantee 

$50.53 Savings Bank Life of Ma.

$50.53 Banner

$50.97 Genworth

$51.76 Protective

$52.72 North American

 

55 Year-Old Male $250,000 10-Year Rate Guarantee 

$37.41 Ohio National

$38.99 Protective

$39.81 Banner

$40.02 Savings Bank Life Of Ma.

$40.92 AAA

 

60 Year-Old Male $250,000 10-Year Rate Guarantee 

$61.42 Ohio National

$61.91 Banner

$61.35 Protective

$62.78 Genworth

$65.34 AAA

 

60 Year-Old Male $250,000 15-Year Rate Guarantee

$82.69 Banner

$83.56 North American

$83.78 Genworth

$83.88 Midland

$84.55 Protective

 

65 Year-Old Male $250,000 10-Year Rate Guarantee 

$107.19 Banner

$107.26 Ohio National

$108.50 North American

$108.72 Genworth

$108.82 Midland

 

FEMALE RATES 

 

30 Year-Old Female $250,000 20-Year Rate Guarantee

$12.08 Royal Neighbors Of America

$12.25 Banner

$12.38 Protective

$12.51 Pacific Life

$12.54 Ohio National

 

30 Year-Old Female $250,000 10-Year Rate Guarantee

$8.87 Ohio National

$8.97 Protective

$9.19 Banner

$9.38 Royal Neighbors

$10.06 Genworth

 

40 Year-Old Female $250,000 10-Year Rate Guarantee

$11.03 Ohio National

$11.10 Protective

$11.59 Banner

$11.59 Genworth

$12.09 Pacific Life

 

40 Year-Old Female $250,000 20-Year Rate Guarantee

$15.79 Ohio National

$16 Protective

$16.32 American General

$16.41 Banner

$16.41 Genworth

 

40 Year-Old Female $500,000 20-Year Rate Guarantee

$25.52 Ohio National

$26.43 Protective

$26.54 Savings Bank Life Of Ma.

$26.60 American General

$27.51 Pacific Life

 

50 Year-Old Female $250,000 20-Year Rate Guarantee

$32.38 Banner

$32.80 Protective

$33.16 American General

$33.47 Genworth

$34.97 Principal National

 

50 Year-Old Female $500,000 15-Year Rate Guarantee 

$42.39 Ohio National

$43.88 Protective

$44.12 Ohio National

$44.54 American General

$45.76 AAA

 

55 Year-Old Female $250,000 15-Year Rate Guarantee

$34.95 Protective

$35 Genworth

$35.44 Banner

$35.47 Ohio National

$38.06 AAA

 

55 Year-Old Female $250,000 10-Year Rate Guarantee 

$29.19 Ohio National

$30.05 Protective

$30.19 Banner

$30.41 Genworth

$31.24 AAA

 

60 Year-Old Female $250,000 10-Year Rate Guarantee  

$42.66 Banner

$42.82 Ohio National

$43.04 Protective

$43.97 Genworth

$44.88 AAA

 

60 Year-Old Female $250,000 15-Year Rate Guarantee

$54.25 Banner

$57.08 Protective

$57.66 American General

$57.75 Genworth

$58.19 North American

 

65 Year-Old Female $250,000 10-Year Rate Guarantee

$66.39 Ohio National

$67.16 Banner

$68.38 Protective

$69.42 Ohio National

$71.28 Minnesota Life

Get cheap term insurance policies online. Apply for coverage and save up to 50% on 10, 15 and 20-year plans.

 

Common Rating Categories

When determining the correct price of a term life insurance policy, a specific "rating" is assigned by the carrier. Your overall health, medical history, BMI (Body Mass Index) and several other factors will utlimately determine the price you pay. Each year, you can request to "improve" the rating if there has been a change (perhaps loss of weight or change in nicotine use). The most common utilized ratings are listed below:

Preferred Plus

Preferred

Regular Plus

Regular

Rated 1

Rated 2

Rated 3

Can You Get Life Insurance With Diabetes, Heart Disease Or Cancer?

Yes, You can. Although many years ago it was not possible, with better research and understanding of major diseases and conditions, actuaries can more accurately predict the impact that these ailments have on your life span. And with improved treatment and early diagnosis, naturally, persons are living longer.

It's also important to determine the best amount of life insurance you need. Paying for coverage you are unlikely to use or need is one of the most common mistakes that is made during the purchase proces. Of course, we'll help you calculate the "sweet spot" face amount.

Many applicants that would have been denied 10-20 years ago, are now receiving "standard" ratings, which typically result in an affordable policy. Although family history and other risk factors must be considered, survival rates in many forms of cancer have made a huge difference. And once you are approved, any sudden change in your health will not impact your premium for the duration of the guarantee period.

No Physical Required

Also available are policies that require no invasive paramedicals or physicals, and no requirement of blood testing. The application is typically completed online and/or via phone, and the process typically takes less than three weeks. High face amounts are available along with many conversion options. Prices are higher than conventional plans, and not all major companies offer this type of option.

Get the cheapest term insurance rates by utilizing our free quote option at the top of the page. We shop all major A-rated companies so you always are comparing the best prices.