Description
Explore life insurance
Find the right life insurance to secure your family's financial future, pay off debts and leave a legacy. Compare life insurance companies and policy options to get the protection you need.
Life insurance types
How much life insurance do you need?
You need enough life insurance to replace your income, pay off debts, cover funeral costs and leave enough money for your family’s future needs. Everyone’s financial needs are different, but here are some costs to consider:
- Income replacement. Experts recommend you have at least five times your salary in life insurance. If you make $100,000 a year, start with at least $500,000 of life insurance.
- Consider your family’s expenses. What expenses will your family have to pay if you are gone? Don’t just think about income, but also about childcare and other needs that would become expenses if a primary caregiver dies.
- College tuition. The average annual cost of undergraduate tuition is $14,200 at a public institution and up to $28,100 at a private school each year.
- Funeral expenses. The average cost of a funeral ranges from $6,000 to $8,000.
Once you figure out those costs, you’re able to get a better gauge of what your loved ones will need.
Life insurance calculator
Deciding how much life insurance to buy is complicated. Our life insurance calculator does the work for you, so you can buy with confidence.
Get StartedLife insurance cost
Life insurance costs vary by type of plan, your age, your gender, your health status, and many other factors, including any riders. Some of the costs you have no control over. However, quitting smoking and improving your health can lead to reduced rates. Take a look at average term life rates below.
Annual premiums for a $500,000 term life policy
| Age | Smoker | Health | 10 yr term | 20 yr term | 30 yr term |
|---|---|---|---|---|---|
| 30 | Non-Smoker | Excellent | $ 260 | $ 342 | $ 504 |
| 30 | Non-Smoker | Regular | $ 352 | $ 458 | $ 677 |
| 30 | Smoker | Regular | $ 766 | $ 1,025 | $ 1,598 |
| 40 | Non-Smoker | Excellent | $ 364 | $ 525 | $ 807 |
| 40 | Non-Smoker | Regular | $ 501 | $ 711 | $ 1,090 |
| 40 | Smoker | Regular | $ 1,260 | $ 1,899 | $ 2,911 |
| 50 | Non-Smoker | Excellent | $ 733 | $ 1,124 | $ 1,908 |
| 50 | Non-Smoker | Regular | $ 997 | $ 1,516 | $ 2,540 |
| 50 | Smoker | Regular | $ 2,650 | $ 4,171 | $ 6,604 |
| 60 | Non-Smoker | Excellent | $ 1,543 | $ 2,898 | N/A |
| 60 | Non-Smoker | Regular | $ 2,041 | $ 3,798 | N/A |
| 60 | Smoker | Regular | $ 5,856 | $ 9,433 | N/A |
Annual premiums for $1 million term life policy
| Age | Smoker | Health | 10 yr term | 20 yr term | 30 yr term |
|---|---|---|---|---|---|
| 30 | Non-Smoker | Excellent | $411 | $567 | $870 |
| 30 | Non-Smoker | Regular | $568 | $764 | $1,170 |
| 30 | Smoker | Regular | $1,343 | $1,863 | $2,968 |
| 40 | Non-Smoker | Excellent | $600 | $916 | $1,446 |
| 40 | Non-Smoker | Regular | $833 | $1,245 | $1,947 |
| 40 | Smoker | Regular | $2,247 | $3,522 | $5,504 |
| 50 | Non-Smoker | Excellent | $1,301 | $2,066 | $3,523 |
| 50 | Non-Smoker | Regular | $1,788 | $2,803 | $4,742 |
| 50 | Smoker | Regular | $4,923 | $7,970 | $12,932 |
| 60 | Non-Smoker | Excellent | $2,876 | $5,466 | N/A |
| 60 | Non-Smoker | Regular | $3,845 | $7,164 | N/A |
| 60 | Smoker | Regular | $10,823 | $17,775 | N/A |
Life insurance FAQs
How does life insurance work?
Life insurance pays a death benefit when you die. As long as you pay the premiums and die while the policy is in force, your beneficiary will pay the amount you choose.
What are the different types of permanent life insurance?
What is the difference between whole life and term life insurance?
What riders can you add to your term life insurance policy?
How can you convert a term life policy to a permanent policy?
How can you find out if a life insurance policy exists?
What is return of premium life insurance?
What is instant approval term life insurance?
What is group life insurance?
What is accidental death and dismemberment insurance?
How do smoking and your health affect life insurance rates?
How do gender and age affect life insurance rates?
Compare life insurance quotes
Pagamento e segurança
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.