Life Insurance Rates By Age | Sample Quotes for 2024
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Most life insurance agencies don’t show sample quotes because they want your information.
We think it’s only fair that you should be able to look at some ballpark term and whole life insurance quotes without personal information.
Life Insurance Rates by Age
Check out these sample life insurance quotes from ages 30 to 80 years old!
- 20-29 Years Old
- 30-39 Years Old
- 40-49 Years Old
- 50-59 Years Old
- 60-69 Years Old
- 70-75 Years Old
- Other
You can click on any age group aboe and you will be directed to an article with quotes for specific ages. Or you can stay here and see a handful of sample quotes for term and permanent life insurance.
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Sample 10 Year Term Life Insurance Rates By Age
Below we’ve provided some term life insurance rates by age from ages 30 to 80.
These rates are for “10 year term life insurance“, and are showing quotes from a policy with $100,000 and $250,000 in coverage.
| Age | $100,000 | $250,000 |
|---|---|---|
| 30 Year Old Male | $7.27 | $9.30 |
| 40 Year Old Male | $8.48 | $11.03 |
| 50 Year Old Male | $14.34 | $23.79 |
| 60 Year Old Male | $29.00 | $61.41 |
| 70 Year Old Male | $79.75 | $181.12 |
| 80 Year Old Male | $349.30 | $658.68 |
*Updated for 2021 – Monthly rates based on a male, in excellent health, non smoker. Rates change often and differ based on your personal health, family health history, & state of residence. Click here for correct rates based on your situation.
Keep in mind that rates constantly change and vary a lot based on your health, so it is best to get a customized quote for an accurate rate.
Sample 20 Year Term Life Insurance Quotes By Age
Here are actual rates for a 20 year term policy with and without a medical exam for $100,000 of coverage.
| AGE | EXAM | NO EXAM |
|---|---|---|
| 20 Year Old | $8.82 | $11.53 |
| 30 Year Old | $9.31 | $12.87 |
| 40 Year Old | $11.27 | $17.55 |
| 50 Year Old | $22.94 | $33.39 |
| 60 Year Old | $54.71 | $84.74 |
| 70 Year Old | $176.58 | N/A |
| 80 Year Old | N/A | N/A |
*Updated for 2021 – Monthly rates based on a male, in excellent health, non smoker. Rates change often and differ based on your personal health, family health history, & state of residence. Click here for correct rates based on your situation.
Keep in mind that rates constantly change and vary a lot based on your health, so it is best to get a customized quote for an accurate rate.
Sample Guaranteed Universal Life Insurance Rates by Age
| AGE | $100,000 | $500,000 |
|---|---|---|
| 30 Years Old | $38.89 | $174.00 |
| 40 Years Old | $53.88 | $249.50 |
| 50 Years Old | $84.60 | $378.90 |
| 60 Years Old | $138.06 | $611.25 |
| 70 Years Old | $241.60 | $1,114.75 |
*Updated for 2021 – Monthly rates based on a male, in excellent health, non smoker. Rates change often and differ based on your personal health, family health history, & state of residence. Click here for correct rates based on your situation.
Sample Whole Life Insurance Quotes & Future Cash Value
Many people ask us what the future values might look like for whole life insurance if they were to buy and let the interest and dividends accumulate.
Here is a sample whole life chart we’ve taken as an average of a few top whole life companies, assuming paid up additions was elected:
| Age | Price | 10 Yr CV | 20 Yr CV | 30 Yr CV |
|---|---|---|---|---|
| 20 | $3,956 | $29,746 | $98,142 | $205,360 |
| 30 | $5,376 | $46,438 | $147,786 | $308,552 |
| 40 | $8,006 | $71,002 | $228,272 | $487,090 |
| 50 | $12,726 | $114,652 | $354,690 | $761,516 |
| 60 | $20,726 | $186,112 | $582,808 | N/A |
| 70 | $35,166 | $298,654 | $498,262 | N/A |
*Whole life rates chart above is for a $500,000 death benefit. They are “ballpark” numbers assembled from 3 of our top whole life insurance company rates and are for illustration purposes only.*
For whole life quotes for $250,000, $750,000 or $1 million, please use visit our term vs. whole life insurance comparison page.
Enter your ZIP code below to view companies that have cheap insurance rates.
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How Your Age Affects Life Insurance Premiums
Life insurance companies use mortality tables and a variety of other factors to determine how you will be rated which impacts the premium you will pay for your policy.
As you age, your health is more likely to decline. You could incur an injury or become inflicted with a variety of debilitating diseases such as diabetes, heart disease or cancer.
Life insurance companies generally only approve applications after a medical exam. These exams provide insight into the state of your health and review your family history as many diseases are genetically inherited.
Fully Underwritten (w/exam)
- Lower Cost
- More Options
- Takes 4-8 weeks
- Best if you have a medical issues
No Exam Life Insurance
- Quick Application
- Get covered in Days
- 10% – 40% higher cost
- Best for younger, healthier individuals
Regardless, as you age it’s likely you will begin to see your overall health decline somewhat. Increased blood pressure, higher cholesterol levels, weight gain, elevated sugar levels and other indicators may reveal potential health problems down the road.
If you are a young, healthy non-smoker now is the best time to buy life insurance. Term life insurance is especially inexpensive for young people. At 25 years of age, a non-smoker in good health could easily buy a 30 year term policy with $500,000 dollars in death benefits for as little as $30.00 per month.
What’s The Best Age to Get Life Insurance?
The answer is to buy life insurance when you are young and healthy to get the best possible premiums.
That’s right! The answer to “What’s the best age to get life insurance?” is…when you are young. It’s most affordable for those between the ages of 20 and 35.
It is a simple fact that life insurance, whether it’s term or permanent, is cheapest when you are young and healthy. In a nutshell, you are less of a risk to insure.
The best way to find out your exact rating is to use our quote form to gather quotes from multiple top life insurance companies.
The best part?
After you fill out our form, we actually show you real quotes!
You can grab an instant quote below.
Important Birthdays in Life Insurance
Term life insurance policies provide coverage for specific periods of time that typically extend from 10 – 30 years.
For planning purposes, we ask our clients to carefully review their needs to make sure they are covered when they need it most.
As you age these options start to drop off. Therefore, there are certain important birthdays when it comes to life insurance premiums.
Here are the standard cut off points for term coverage:
- 55 is the last birthday you can purchase *30 year term
- 60 is the last time you can buy *25 year term
- 70 is the last year you can buy 20 year term
- 75 is the latest opportunity to buy 15 year term (with most companies)
- 80 is the max age for 10 year term
*Transamerica pushed two of the max ages back by three years. So Transamerica allows 30 year term up to age 58, and 25 year term to age 63.
Can I Get Life Insurance Over Age 50, 60, or 70?
I’m not sure where this misconception comes from in the U.S., but insuring people over age 50 is quite simple.
In fact, we have dozens of companies who offer insurance up to age 80.
… even up to ages 85 or 90!
So if you’re over 50 and think age is a concern, it’s not.
What can be a concern when looking for life insurance policy quotes, is your health and affordability.
We all know as you age, life insurance becomes more expensive, especially if you have a health issue.
But most of the time, our highly trained agents at Huntley Wealth know exactly which companies are most likely to approve you with a health issue.
We’ve insured:
- Diabetics
- High Blood Pressure and Cholesterol
- Asthma
- Sleep Apnea
- History of Stroke, Heart attack, and Cancer
- MS
…you name it, we’ve seen it, and have probably helped someone get coverage with it.
Enter your ZIP code below to view companies that have cheap insurance rates.
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The Best Life Insurance Rates Require More Information
Please understand the most accurate life insurance rates by age will depend on:
- Age – while we offer ballpark rates from ages 20-80 above, consider requesting an actual quote based on your exact date of birth using our quote form on the right
- Gender – females tend to cost less than males
- Family History – you can be penalized for certain diseases your parents or siblings had before age 60 or 70, such as some cancers, coronary artery disease, or diabetes
- Travels, Occupation, & Activities – if you have a hazardous job, or travel the world to remote places, or jump out of airplanes or scuba dive, insurance companies want to know, and may penalize you for this
- Drug or Alcohol use or abuse
- Driving Record
- Credits – You might also qualify to improve your rates based on your education, regular doctor visits, a good healthy family history, or your income level.
As you can see, there’s a whole lot more that goes into it than just a quick ballpark quote.
The best way to get started to see your actual rates will be (based on your age and health) is by using our quote form on the right or click below.
We all believe we’re invincible, but the fact of the matter is that unexpected deaths happen all the time.
What’s more, life insurance gets more expensive as you get older.
Enter your ZIP code below to view companies that have cheap insurance rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.