Term life insurance is a popular choice for those looking to save money upfront. Rather than paying more for a whole life insurance policy, term life insurance policies offer ample coverage with affordable rates to fit most budgets. There are typically a few key factors that are considered when determining premium costs, including age. In addition to age, medical history, gender, coverage goals, and harmful habits can also influence term life insurance rates.
When you choose to get life insurance, timing is everything. Prices will vary depending on the term and the amount of face-value coverage that is selected.
The table below reflects sample term life monthly insurance rates, by age, at different face-value amounts. The data below represents sample rates for 10-year term life insurance policies for healthy, but average individuals who do not use tobacco products.1
Finding the best term life insurances rates is possible once you determine how much coverage you need and what your budget is. For example, term life insurance rates for seniors may look very different than they do for younger people. Usually, the older you get, the higher the life insurance premium payments are.2
There are additional options when seeking life insurance for seniors. Besides term life insurance, seniors can explore whole life insurance plans if they are looking for coverage that lasts their entire life, regardless of when they pass (subject to limitations and exclusions).
It can be a wise choice to compare term life insurance rates to find the best option for you.
Don’t wait until it’s too late. Help cover yourself and your family with affordable coverage from Aflac.
At Aflac, our term life insurance prices vary depending on your coverage goals and the life you lead. Our premiums are guaranteed throughout the term you choose, so you’ll know what rates to expect every month and year. Chat with an Aflac agent today to discover term life insurance options that are available to you.
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1 Rates are based on the average monthly premium for Georgia Direct Premium rates industry Class A; Aflac Term Life Insurance TERM LIFE POLICY - Series B60000; Premiums may vary by coverage type, account, state of issue, and the election of additional/optional benefits.
2 Investopedia. Life Insurance for Seniors. Updated: Oct 20, 2022. Accessed: Oct 24, 2022. https://www.investopedia.com/best-life-insurance-for-seniors-4845439.
Content within this article is for informational purposes and does not constitute legal, tax or accounting advice regarding any specific situation. Coverage may not be available in all states. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies/riders have limitations and exclusions that may affect benefits payable. For complete details, including availability and costs, please contact your local Aflac agent. Aflac Term Life, 68000 Series: In Arkansas, Idaho, Oklahoma, and Virginia, policies: ICC1368200, ICC1368300, ICC1368400; B60000 Series: In Arkansas, Idaho, Oklahoma and Virginia, policies: ICC18B60200, ICC18B60300, & ICC18B60400.
Aflac coverage is underwritten by Aflac. In New York, Aflac coverage is underwritten by Aflac New York.
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