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.
30 Year-Old Male $250,000 20-Year Rate Guarantee
$13.05 Savings Bank Life Of Ma.
30 Year-Old Male $250,000 10-Year Rate Guarantee
$9.30 Ohio National
$10.22 Savings Bank Life Of Ma.
40 Year-Old Male $250,000 20-Year Rate Guarantee
$18.34 Pacific Life$18.38 Genworth
$18.81 Ohio National
$18.94 American General
40 Year-Old Male $500,000 20-Year Rate Guarantee
$29.41 Ohio National
$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.
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.
$52.72 North American
55 Year-Old Male $250,000 10-Year Rate Guarantee
$37.41 Ohio National
$40.02 Savings Bank Life Of Ma.
60 Year-Old Male $250,000 10-Year Rate Guarantee
$61.42 Ohio National
60 Year-Old Male $250,000 15-Year Rate Guarantee
$83.56 North American
65 Year-Old Male $250,000 10-Year Rate Guarantee
$107.26 Ohio National
$108.50 North American
30 Year-Old Female $250,000 20-Year Rate Guarantee
$12.08 Royal Neighbors Of America
$12.51 Pacific Life
$12.54 Ohio National
30 Year-Old Female $250,000 10-Year Rate Guarantee
$8.87 Ohio National
$9.38 Royal Neighbors
40 Year-Old Female $250,000 10-Year Rate Guarantee
$11.03 Ohio National
$12.09 Pacific Life
40 Year-Old Female $250,000 20-Year Rate Guarantee
$15.79 Ohio National
$16.32 American General
40 Year-Old Female $500,000 20-Year Rate Guarantee
$25.52 Ohio National
$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
$33.16 American General
$34.97 Principal National
50 Year-Old Female $500,000 15-Year Rate Guarantee
$42.39 Ohio National
$44.12 Ohio National
$44.54 American General
55 Year-Old Female $250,000 15-Year Rate Guarantee
$35.47 Ohio National
55 Year-Old Female $250,000 10-Year Rate Guarantee
$29.19 Ohio National
60 Year-Old Female $250,000 10-Year Rate Guarantee
$42.82 Ohio National
60 Year-Old Female $250,000 15-Year Rate Guarantee
$57.66 American General
$58.19 North American
65 Year-Old Female $250,000 10-Year Rate Guarantee
$66.39 Ohio National
$69.42 Ohio National
$71.28 Minnesota Life
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:
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.