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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:
- How Much Does Life Insurance Cost At the age of 30?
- How Much Does Life Insurance Cost At the age of 40?
- How Much Does Life Insurance Cost At the age of 50?
- How Much Does Life Insurance Cost At the age of 60?
*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?
Life Insurance: Age 30, Male, Female, 10 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 30 | $100,000 | 10 Year | $9.18 | $7.02 |
| 30 | $200,000 | 10 Year | $13.86 | $10.44 |
| 30 | $250,000 | 10 Year | $13.95 | $10.58 |
| 30 | $500,000 | 10 Year | $22.32 | $15.30 |
| 30 | $1,000,000 | 10 Year | $36.90 | $24.30 |
Life Insurance: Age 30, Male, Female, 20 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 30 | $100,000 | 20 year | $10.35 | $9.00 |
| 30 | $200,000 | 20 year | $16.74 | $13.50 |
| 30 | $250,000 | 20 Year | $17.78 | $13.73 |
| 30 | $500,000 | 20 Year | $29.70 | $22.05 |
| 30 | $1,000,000 | 20 Year | $52.20 | $36.00 |
Life Insurance: Age 30, Male, Female, 30 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 30 | $100,000 | 30 Year | $13.50 | $10.53 |
| 30 | $200,000 | 30 Year | $22.14 | $18.90 |
| 30 | $250,000 | 30 Year | $25.88 | $19.80 |
| 30 | $500,000 | 30 Year | $45.00 | $33.30 |
| 30 | $1,000,000 | 30 Year | $81.90 | $59.40 |
Life Insurance: Age 30, Male, Female, Term to 100
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 30 | $100,000 | Term to 100 | $55.62 | $49.77 |
| 30 | $200,000 | Term to 100 | $107.64 | $95.94 |
| 30 | $250,000 | Term to 100 | $125.33 | $111.15 |
| 30 | $500,000 | Term to 100 | $235.75 | $207.00 |
| 30 | $1,000,000 | Term to 100 | $457.83 | $398.70 |
How Much Does Life Insurance Cost At The Age Of 40?
Life Insurance: Age 40, Male, Female, 10 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 40 | $100,000 | 10 Year | $10.08 | $8.73 |
| 40 | $200,000 | 10 Year | $16.47 | $15.39 |
| 40 | $250,000 | 10 Year | $17.10 | $13.05 |
| 40 | $500,000 | 10 Year | $28.22 | $20.25 |
| 40 | $1,000,000 | 10 Year | $48.60 | $35.10 |
Life Insurance: Age 40, Male, Female, 20 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 40 | $100,000 | 20 year | $14.40 | $12.42 |
| 40 | $200,000 | 20 year | $26.01 | $18.45 |
| 40 | $250,000 | 20 Year | $27.45 | $20.48 |
| 40 | $500,000 | 20 Year | $45.23 | $33.53 |
| 40 | $1,000,000 | 20 Year | $85.59 | $60.84 |
Life Insurance: Age 40, Male, Female, 30 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 40 | $100,000 | 30 Year | $22.32 | $17.73 |
| 40 | $200,000 | 30 Year | $42.66 | $31.86 |
| 40 | $250,000 | 30 Year | $50.18 | $37.58 |
| 40 | $500,000 | 30 Year | $87.75 | $63.50 |
| 40 | $1,000,000 | 30 Year | $168.30 | $119.88 |
Life Insurance: Age 40, Male, Female, Term to 100
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 40 | $100,000 | Term to 100 | $85.00 | $74.58 |
| 40 | $200,000 | Term to 100 | $158.00 | $137.17 |
| 40 | $250,000 | Term to 100 | $194.71 | $168.46 |
| 40 | $500,000 | Term to 100 | $367.83 | $318.67 |
| 40 | $1,000,000 | Term to 100 | $718.67 | $614.50 |
How Much Does Life Insurance Cost At The Age Of 50?
Life Insurance: Age 50, Male, Female, 10 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 50 | $100,000 | 10 Year | $18.81 | $14.49 |
| 50 | $200,000 | 10 Year | $35.37 | $25.47 |
| 50 | $250,000 | 10 Year | $37.58 | $27.00 |
| 50 | $500,000 | 10 Year | $62.60 | $44.60 |
| 50 | $1,000,000 | 10 Year | $113.94 | $78.75 |
Life Insurance: Age 50, Male, Female, 20 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 50 | $100,000 | 20 year | $33.21 | $25.11 |
| 50 | $200,000 | 20 year | $61.20 | $45.72 |
| 50 | $250,000 | 20 Year | $70.20 | $47.93 |
| 50 | $500,000 | 20 Year | $123.93 | $82.94 |
| 50 | $1,000,000 | 20 Year | $238.14 | $158.76 |
Life Insurance: Age 50, Male, Female, 30 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 50 | $100,000 | 30 Year | $57.06 | $40.14 |
| 50 | $200,000 | 30 Year | $109.62 | $78.48 |
| 50 | $250,000 | 30 Year | $130.05 | $95.18 |
| 50 | $500,000 | 30 Year | $239.31 | $165.51 |
| 50 | $1,000,000 | 30 Year | $446.94 | $321.48 |
Life Insurance: Age 50, Male, Female, Term to 100
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 50 | $100,000 | Term to 100 | $127.25 | $111.25 |
| 50 | $200,000 | Term to 100 | $242.50 | $210.50 |
| 50 | $250,000 | Term to 100 | $296.58 | $260.33 |
| 50 | $500,000 | Term to 100 | $569.70 | $498.15 |
| 50 | $1,000,000 | Term to 100 | $1,126.17 | $973.67 |
How Much Does Life Insurance Cost At The Age Of 60?
Life Insurance: Age 60, Male, Female, 10 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 60 | $100,000 | 10 Year | $48.96 | $35.55 |
| 60 | $200,000 | 10 Year | $96.30 | $71.04 |
| 60 | $250,000 | 10 Year | $112.91 | $80.03 |
| 60 | $500,000 | 10 Year | $200.70 | $140.40 |
| 60 | $1,000,000 | 10 Year | $375.30 | $267.30 |
Life Insurance: Age 60, Male, Female, 20 Year Term
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 60 | $100,000 | 20 year | $97.29 | $65.16 |
| 60 | $200,000 | 20 year | $192.78 | $125.10 |
| 60 | $250,000 | 20 Year | $223.81 | $150.98 |
| 60 | $500,000 | 20 Year | $403.20 | $281.70 |
| 60 | $1,000,000 | 20 Year | $796.88 | $554.40 |
Life Insurance: Age 60, Male, Female, Term to 100
| Age | Coverage | Term | Cost (Male) | Cost (Female) |
| 60 | $100,000 | Term to 100 | $214.49 | $179.20 |
| 60 | $200,000 | Term to 100 | $420.00 | $351.17 |
| 60 | $250,000 | Term to 100 | $514.92 | $427.58 |
| 60 | $500,000 | Term to 100 | $997.00 | $824.40 |
| 60 | $1,000,000 | Term 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.
