New messages from Aflac | View Notifications opens a dialog Close X dismisses the notification alert

Average Term Life Insurance Rates

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 rates that 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. Let’s dive deeper into what term life insurance is, how it works, and the average term life insurance rates by age.

What is term life insurance, and how does it work?

Term life insurance is a temporary policy that will provide your beneficiaries with a death benefit payout if you pass away before the policy expires. Term life insurance policies typically range from 10 to 30 years and come with lower premiums than permanent policies.

Term life insurance rates by age

When you choose to get life insurance, timing is everything. Term life insurance rates 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. These are the average rates for 10-year term life insurance policies for healthy, but average individuals who do not use tobacco products.1

Gender Age $125,000 $250,000
Male 20 $22.50 $40.00
Female 20 $21.25 $37.50
Male 25 $22.50 $40.00
Female 25 $21.25 $37.50
Male 30 $22.50 $40.00
Female 30 $21.25 $37.50
Male 35 $22.50 $40.00
Female 35 $21.25 $37.50
Male 40 $37.50 $70.00
Female 40 $28.75 $52.50
Male 45 $55.00 $105.00
Female 45 $43.75 $82.50
Male 50 $80.00 $155.00
Female 50 $68.75 $132.50
Male 55 $118.75 $232.50
Female 55 $90.00 $175.00
Male 60 $175.00 $345.00
Female 60 $140.00 $275.00
Male 65 $225.00 $445.00
Female 65 $222.50 $440.00
Male 70 $402.50 $800.00
Female 70 $345.00 $685.00
Peace of mind doesn't
have to break the bank

Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.

Get a Quote

Factors that affect term life insurance rates

Several factors can affect the term life insurance rates you’ll pay, including:

  • Age: Since younger policyholders have a longer life expectancy, they’ll typically pay lower premiums for term life insurance than older policyholders.

  • Health: Many insurers require you to take a medical exam in order to get term life insurance. You may have to pay higher premiums if you have health issues such as diabetes, heart disease, or high blood pressure.

  • Family’s medical history: Your family’s medical history can impact what you’ll pay in premiums. When applying for term life insurance, your insurer may ask if your family has a history of serious illnesses or diseases, such as cancer.

  • Gender: Since women’s life expectancy is longer than men’s, women will typically pay less for life insurance.

  • Coverage: The type of coverage you get can affect what premiums you’ll pay. If you get a term life policy with $1 million of coverage, for example, you’ll pay more in premiums than you would for a $500,000 policy.

  • Smoking: If you’re a smoker, you may pay more for term life insurance due to being at a higher risk for health issues

  • Lifestyle and occupation: People who have high-risk jobs, such as construction workers, or participate in hazardous hobbies, such as skydiving, may pay more in term life insurance premiums.

How to Find the Best Term Life Insurance Rates for You

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.

Aflac Offers Competitive Term Life Insurance Rates

Although term life insurance rates can vary depending on many factors, premiums are typically reasonable. 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.

Still have questions?

Explore your life insurance options.

Get a Quote