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the average cost of life insurance

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Average Cost of Life Insurance (2022): Rates By Age, Gender, Term and Policy Size

The cost of life insurance depends on many factors including your age, your health the policy size and term.

The cost of life insurance depends on many factors including your age, your health, the policy size and term. Then comes the question, how much life insurance do I need? To know how much life insurance you need just to do some simple math (or head over to our insurance calculator to take all the guesswork out of it) all outstanding debt + 10x your annual salary is a good place to start. You might consider adding enough money to pay for your children’s education or to leave a tax free gift to your grandkids. 

In this article:

*All rates listed below are based on a healthy, non-smoker on August 25, 2022

How Much Does Life Insurance Cost At The Age Of 30?

cost of life insurance at the age of 30

Life Insurance: Age 30, Male, Female, 10 Year Term

AgeCoverageTermCost (Male)Cost (Female)
30$100,00010 Year$9.18$7.02
30$200,00010 Year$13.86$10.44
30$250,00010 Year$13.95$10.58
30$500,00010 Year$22.32$15.30
30$1,000,00010 Year$36.90$24.30

Life Insurance: Age 30, Male, Female, 20 Year Term

AgeCoverageTermCost (Male)Cost (Female)
30$100,00020 year$10.35$9.00
30$200,00020 year$16.74$13.50
30$250,00020 Year$17.78$13.73
30$500,00020 Year$29.70$22.05
30$1,000,00020 Year$52.20$36.00

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Life Insurance: Age 30, Male, Female, 30 Year Term

AgeCoverageTermCost (Male)Cost (Female)
30$100,00030 Year$13.50$10.53
30$200,00030 Year$22.14$18.90
30$250,00030 Year$25.88$19.80
30$500,00030 Year$45.00$33.30
30$1,000,00030 Year$81.90$59.40

Life Insurance: Age 30, Male, Female, Term to 100

AgeCoverageTermCost (Male)Cost (Female)
30$100,000Term to 100$55.62$49.77
30$200,000Term to 100$107.64$95.94
30$250,000Term to 100$125.33$111.15
30$500,000Term to 100$235.75$207.00
30$1,000,000Term to 100$457.83$398.70

How Much Does Life Insurance Cost At The Age Of 40?

cost of life insurance at the age of 40

Life Insurance: Age 40, Male, Female, 10 Year Term

AgeCoverageTermCost (Male)Cost (Female)
40$100,00010 Year$10.08$8.73
40$200,00010 Year$16.47$15.39
40$250,00010 Year$17.10$13.05
40$500,00010 Year$28.22$20.25
40$1,000,00010 Year$48.60$35.10

Life Insurance: Age 40, Male, Female, 20 Year Term

AgeCoverageTermCost (Male)Cost (Female)
40$100,00020 year$14.40$12.42
40$200,00020 year$26.01$18.45
40$250,00020 Year$27.45$20.48
40$500,00020 Year$45.23$33.53
40$1,000,00020 Year$85.59$60.84

Life Insurance: Age 40, Male, Female, 30 Year Term

AgeCoverageTermCost (Male)Cost (Female)
40$100,00030 Year$22.32$17.73
40$200,00030 Year$42.66$31.86
40$250,00030 Year$50.18$37.58
40$500,00030 Year$87.75$63.50
40$1,000,00030 Year$168.30$119.88

Life Insurance: Age 40, Male, Female, Term to 100

AgeCoverageTermCost (Male)Cost (Female)
40$100,000Term to 100$85.00$74.58
40$200,000Term to 100$158.00$137.17
40$250,000Term to 100$194.71$168.46
40$500,000Term to 100$367.83$318.67
40$1,000,000Term to 100$718.67$614.50

How Much Does Life Insurance Cost At The Age Of 50?

cost of life insurance at the age of 50

Life Insurance: Age 50, Male, Female, 10 Year Term

AgeCoverageTermCost (Male)Cost (Female)
50$100,00010 Year$18.81$14.49
50$200,00010 Year$35.37$25.47
50$250,00010 Year$37.58$27.00
50$500,00010 Year$62.60$44.60
50$1,000,00010 Year$113.94$78.75

Life Insurance: Age 50, Male, Female, 20 Year Term

AgeCoverageTermCost (Male)Cost (Female)
50$100,00020 year$33.21$25.11
50$200,00020 year$61.20$45.72
50$250,00020 Year$70.20$47.93
50$500,00020 Year$123.93$82.94
50$1,000,00020 Year$238.14$158.76

Life Insurance: Age 50, Male, Female, 30 Year Term

AgeCoverageTermCost (Male)Cost (Female)
50$100,00030 Year$57.06$40.14
50$200,00030 Year$109.62$78.48
50$250,00030 Year$130.05$95.18
50$500,00030 Year$239.31$165.51
50$1,000,00030 Year$446.94$321.48

Life Insurance: Age 50, Male, Female, Term to 100

AgeCoverageTermCost (Male)Cost (Female)
50$100,000Term to 100$127.25$111.25
50$200,000Term to 100$242.50$210.50
50$250,000Term to 100$296.58$260.33
50$500,000Term to 100$569.70$498.15
50$1,000,000Term to 100$1,126.17$973.67

How Much Does Life Insurance Cost At The Age Of 60?

cost of life insurance at the age of 60

Life Insurance: Age 60, Male, Female, 10 Year Term

AgeCoverageTermCost (Male)Cost (Female)
60$100,00010 Year$48.96$35.55
60$200,00010 Year$96.30$71.04
60$250,00010 Year$112.91$80.03
60$500,00010 Year$200.70$140.40
60$1,000,00010 Year$375.30$267.30

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Life Insurance: Age 60, Male, Female, 20 Year Term

AgeCoverageTermCost (Male)Cost (Female)
60$100,00020 year$97.29$65.16
60$200,00020 year$192.78$125.10
60$250,00020 Year$223.81$150.98
60$500,00020 Year$403.20$281.70
60$1,000,00020 Year$796.88$554.40

Life Insurance: Age 60, Male, Female, Term to 100

AgeCoverageTermCost (Male)Cost (Female)
60$100,000Term to 100$214.49$179.20
60$200,000Term to 100$420.00$351.17
60$250,000Term to 100$514.92$427.58
60$500,000Term to 100$997.00$824.40
60$1,000,000Term to 100$1,937.83$1,641.17

If you would like some help determining how much coverage you need or would like to start an application you can contact us any time or book a call with one of our life insurance specialists. We can’t stress enough that having some life insurance is always better than none. 


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