Amanda Shih is a licensed life, disability, and health insurance expert and a former editor at Policygenius, where she covered life insurance and disability insurance. Her expertise has appeared in Slate, Lifehacker, Little Spoon, and J.D. Power.
Antonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.
Adam Morgan is an editorial director at Policygenius who leads the life insurance team. Previously, he led editorial teams matrixed across multiple financial publications at Red Ventures — including Bankrate, NextAdvisor, Million Mile Secrets, and others.
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Expert reviewed
This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.
Licensed Insurance Expert & Director of Life, DI and P&C Operations
Matt Burke is a licensed insurance expert and the director of operations for life, disability and property & casualty insurance at Policygenius. Matt has worked in the insurance and financial planning industries for more than seven years, and is a Life, Accident & Health licensed insurance agent.
Term life insurance is the most convenient way to protect your family’s finances after your death. Term policies are straightforward, last only for as long as you need them, and are more affordable than whole life insurance policies. A healthy 35-year-old person, for example, can expect to pay less than $57 a month for a life insurance policy with a 20-year term and a $500,000 death benefit payout.
Several factors determine the cost of term life insurance, including your age, gender, and health. The younger and healthier you are, in general, the lower your rates will be. The sample term life insurance rates shown below will give you an idea of how much a policy may cost depending on your situation.
The best way to get an accurate term life rate, however, is to work with an independent broker. At Policygenius, our experts are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent, unbiased advice.
Average monthly term life insurance rates by age and gender
Term life insurance rates for a 25-year-old female
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$19.21
$30.16
$50.50
20 years
$24.27
$39.58
$70.29
30 years
$33.89
$57.27
$103.33
Term life insurance rates for a 25-year-old male
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$23.16
$37.64
$62.38
20 years
$29.77
$50.16
$90.07
30 years
$43.25
$75.45
$141.03
Term life insurance rates for a 35-year-old female
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$21.46
$33.55
$56.69
20 years
$30.25
$51.69
$92.36
30 years
$43.58
$76.44
$143.22
Term life insurance rates for a 35-year-old male
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$25.24
$40.99
$69.39
20 years
$35.71
$61.68
$113.77
30 years
$55.64
$100.33
$190.20
Term life insurance rates for a 45-year-old female
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$40.74
$68.06
$122.41
20 years
$58.81
$105.9
$199.94
30 years
$94.62
$171.46
$329.70
Term life insurance rates for a 45-year-old male
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$49.25
$84.62
$156.69
20 years
$77.58
$142.20
$271.70
30 years
$131.12
$242.39
$469.93
Term life insurance rates for a 55-year-old female
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$82.73
$144.56
$268.65
20 years
$127.89
$236.38
$456.29
30 years
$117.36
$211.16
$407.53
Term life insurance rates for a 55-year-old male
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$110.42
$197.91
$368.68
20 years
$182.93
$338.55
$1,305.01
30 years
$165.08
$305.90
$596.46
Term life insurance rates for a 65-year-old female
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$199.14
$359.97
$681.21
20 years
$343.72
$661.36
$1,277.54
Term life insurance rates for a 65-year-old male
Term length
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
10 years
$281.30
$519.86
$985.25
20 years
$482.40
$931.58
$1,774.24
Methodology: Average sample monthly estimated rates are for male and female smokers and non-smokers with a Preferred health rating buying a 10-year, 20-year, or 30-year, $250,000, $500,000, or $1 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
Average monthly term life insurance rates by term length
10-year term life insurance rates
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$19.21
$30.16
$50.50
Male
$23.15
$37.64
$62.38
35
Female
$21.46
$33.55
$56.69
Male
$25.24
$40.99
$69.39
45
Female
$40.74
$68.06
$122.41
Male
$49.25
$84.62
$156.69
55
Female
$82.73
$144.56
$268.65
Male
$110.42
$197.91
$368.68
65
Female
$199.14
$359.97
$681.21
Male
$281.30
$519.86
$985.25
15-year term life insurance rates
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$21.05
$33.54
$58.05
Male
$25.04
$40.72
$71.56
35
Female
$24.37
$39.39
$69.15
Male
$29.19
$48.51
$85.60
45
Female
$48.72
$85.67
$161.78
Male
$59.95
$106.69
$201.44
55
Female
$103.2
$186.57
$359.87
Male
$144.61
$262.24
$501.82
65
Female
$245.58
$573.60
$895.94
Male
$368.04
$687.28
$1,279.74
20-year term life insurance rates
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$24.27
$39.58
$70.29
Male
$29.77
$50.16
$90.07
35
Female
$30.25
$51.69
$92.36
Male
$35.71
$61.63
$113.77
45
Female
$58.81
$105.9
$199.94
Male
$77.58
$142.20
$271.7
55
Female
$255.78
$236.38
$456.29
Male
$182.93
$338.55
$652.55
65
Female
$343.72
$661.36
$1,277.54
Male
$482.45
$931.75
$1,774.24
30-year term life insurance rates
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$33.89
$57.27
$103.33
Male
$43.25
$75.45
$282.07
35
Female
$43.58
$76.44
$143.22
Male
$55.64
$100.33
$190.2
45
Female
$94.62
$171.46
$329.70
Male
$131.12
$242.39
$469.93
55
Female
$117.36
$211.16
$407.53
Male
$165.08
$305.90
$596.46
40-year term life insurance rates
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$45.49
$74.13
$128.33
Male
$53.58
$99.80
$188.21
35
Female
$56.34
$105.28
$199.02
Male
$78
$146.85
$281.31
45
Female
$87.72
$167.59
$328.07
Male
$124.52
$242.36
$478.63
Methodology: Average sample monthly estimated rates are for male and female smokers and non-smokers with a Preferred health rating buying a 10-year, 15-year, 20-year, 30-year, or 40-year, $250,000, $500,000, or $1 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
Average monthly term life insurance rates by death benefit payout
$100,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$10
$20.32
Male
$11.46
$24.28
35
Female
$10.87
$24.78
Male
$12.18
$29.43
45
Female
$16.44
$46.31
Male
$20.12
$57.70
55
Female
$31.80
$92.53
Male
$43.30
$131.87
65
Female
$95.57
$241.20
Male
$120.76
$303.71
$250,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$14.17
$34.37
Male
$17.11
$42.44
35
Female
$16.39
$44.12
Male
$18.58
$52.85
45
Female
$28.31
$89.32
Male
$35.11
$120.06
55
Female
$59.80
$195.98
Male
$82.80
$283.07
65
Female
$193.88
$493.57
Male
$260.28
$704.62
$500,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$21.06
$58.10
Male
$26.89
$73.44
35
Female
$25.43
$77.96
Male
$30.14
$93.23
45
Female
$47.71
$164.09
Male
$60.58
$223.83
55
Female
$108.44
$364.32
Male
$150.39
$526.72
65
Female
$363.29
$959.43
Male
$497.74
$1,365.77
$750,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$28.60
$84.20
Male
$37.35
$107.21
35
Female
$35.15
$113.99
Male
$42.22
$136.90
45
Female
$68.57
$243.19
Male
$87.87
$332.80
55
Female
$159.72
$543.54
Male
$222.64
$787.14
65
Female
$542.09
$1,436.38
Male
$743.76
$2,045.89
$1,000,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$33.45
$107.13
Male
$44.62
$135.52
35
Female
$42.49
$142.23
Male
$51.51
$176.03
45
Female
$86.45
$313.43
Male
$112.52
$430.88
55
Female
$207.17
$705.41
Male
$282.99
$1,022.11
65
Female
$691.97
$1,863.12
Male
$953.74
$2,594.75
$2,000,000 payout term life insurance rates
Age
Sex
Non-smoker
Smoker
25
Female
$59.90
$207
Male
$81.88
$263.65
35
Female
$77.71
$276.10
Male
$95.50
$342.76
45
Female
$164.08
$617.50
Male
$216.39
$846.97
55
Female
$402.25
$1,402.29
Male
$552.58
$2,021.97
65
Female
$1,371.78
$3,718.41
Male
$1,883.95
$5,078.52
Methodology: Average sample monthly estimated rates are for male and female smokers and non-smokers with a Preferred health rating buying a 20-year, $100,000, $250,000, $500,000, $750,000, $1 million, or $2 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
Average monthly term life insurance rates by health
Term life insurance rates for people with above-average health
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$13.19
$19.34
$29.80
Male
$15.51
$24.13
$39.39
35
Female
$15.05
$22.95
$37.93
Male
$17.09
$27.19
$45.54
45
Female
$26.5
$44.36
$79.93
Male
$32.54
$55.71
$103.45
55
Female
$56.23
$100.98
$191.57
Male
$76.61
$138.77
$262.80
65
Female
$181.38
$338.95
$641.75
Male
$241.42
$462.05
$883.78
Methodology: Average sample monthly estimated rates are for male and female non-smokers with a Preferred or Preferred Plus health rating buying a 20-year, $250,000, $500,000, or $1 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
Term life insurance rates for people with average health
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$19.36
$30.19
$50.03
Male
$22.34
$36.35
$61.55
35
Female
$22.50
$35.90
$60.96
Male
$26.1
$42.42
$76.27
45
Female
$42.5
$70.94
$129.06
Male
$52.29
$90.17
$166.13
Methodology: Average sample monthly estimated rates are for male and female non-smokers with a Standard or Standard Plus health rating buying a 20-year, $250,000, $500,000, or $1 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
Term life insurance rates for people with below-average health
Age
Sex
$250,000 coverage amount
$500,000 coverage amount
$1,000,000 coverage amount
25
Female
$27.11
$44.53
$75.08
Male
$32.17
$55.53
$92.94
35
Female
$31.47
$54.64
$93.43
Male
$37.45
$66.65
$117.58
45
Female
$62.80
$110.49
$205.43
Male
$77.52
$139.05
$256.87
Methodology: Average sample monthly estimated rates are for male and female non-smokers with a T2 Substandard health rating buying a 20-year, $250,000, $500,000, or $1 million term life insurance policy. Life insurance averages are based on a composite of policies offered by Policygenius from AIG, Banner, Brighthouse, Lincoln, Mutual of Omaha, Pacific Life, Protective, Prudential, and Transamerica, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 12/01/2022.
How are life insurance rates determined?
Life insurance rates are based on several factors that insurance companies use to assess how much of a risk you are to insure (the longer you live, the less risky). That’s why, generally speaking, the younger and healthier you are, the lower your rates will be.
Life insurance is federally regulated, so no insurance company will be able to offer you a discount, but some insurance companies might offer you more competitive rates than others based on your profile and needs. The best way to get a competitive rate is to apply through a broker like Policygenius who can help you compare prices across insurance companies at the same time.
Here are the main factors that will determine your life insurance rates.
Your age
The cost of term life insurance goes up by 4.9% to 9% every year you put off buying a policy. Term life insurance rates for seniors, for example, cost hundreds of dollars per month, whereas someone in their 30s would pay less than $100 per month for a comparable policy.
Your gender
Because men have a shorter life expectancy than women, [1] they usually receive higher life insurance rates. However, health or lifestyle risks could override any difference in premiums you’d see based on your gender. Gender-nonconforming applicants won’t get higher rates based on gender identity, but must apply under one gender.
Your health
The healthier you are, the less likely you are to die while your policy is active or in force. That’s why your health is a key factor in determining life insurance prices. Serious health conditions like a recent history of cancer or heart disease can lead to application denial, while conditions that are known to cause complications down the line, like sleep apnea or high cholesterol, can lead to higher term life rates.
Your weight and height
The Centers for Disease Control (CDC) associates certain height-to-weight ratios with better health — and life insurance companies use that data to inform their own underwriting process and set premiums. If you’re considered overweight or obese according to the CDC guidelines, your life insurance rates may be higher than people within the healthy weight criteria, but it’s unlikely to affect your ability to get life insurance.
Your family medical history
Life insurance companies use your family’s medical history as an indicator of your future health risks because some life-threatening conditions — like heart disease or diabetes — can be caused by genetic diseases. But even if your loved ones have suffered from an illness, you’re not doomed to pay a high premium. Some insurers are more forgiving than others.
Your smoking status and/or marijuana use
If you smoke cigarettes, chew tobacco, or use e-cigarettes, life insurance costs two to three times more than it would otherwise. That’s because nicotine has known negative health effects. Consuming marijuana won’t disqualify you from getting life insurance, but your rates and options will depend on the state you’re in, the type of marijuana products you use, and whether you consume them for medical or recreational reasons.
Your history of substance abuse
When you apply for life insurance you’ll be asked questions about current and past alcohol and drug use. Depending on the substance involved, recreational users should be able to get covered. But if you’ve abused alcohol or drugs in the past, you may not qualify for most policies.
Your driving record
During the application process, your insurer looks at your motor vehicle report (MVR). You’ll pay more for life insurance if you have moving violations, license suspensions, or reckless driving violations, especially if they happened in the last five years. If you have multiple DUIs or several moving violations in your driving history, you could even be disqualified from getting life insurance altogether.
Your lifestyle and hobbies
In addition to drug or alcohol use, dangerous hobbies like scuba diving or skydiving are considered risky and may result in higher rates. Likewise, some jobs are considered riskier than others and may affect how much you pay for life insurance. Examples include bartenders, law enforcement workers, and pilots.
Your criminal history
If you have a criminal record, you can still apply for a life insurance policy. Having misdemeanors or lesser infractions on your record usually won’t change your premium rate. However, if you have a felony conviction, getting life insurance will be more difficult and more expensive, especially in the first few years after your conviction.
Your credit history
The contents of your credit report, like past bankruptcies or missed credit card payments, affect your life insurance rates. Insurers make a soft inquiry of your credit report and assign you an insurance score based on your income and debts, insurance history, and driving history, which influences your final premiums.
The following factors won’t affect your rates, but some of them will influence the type of life insurance you might want or be able to buy. Talking with a Policygenius expert is the best way to find the right policy for you.
Your credit score
While your credit history has an impact on your life insurance rates, your credit score doesn’t. Insurers consider the factors that contribute to your credit score, not the specific number.
Your marital status
Life insurance companies don’t consider marital status when determining your rates. When it comes to married couples, purchasing an individual policy for each spouse is usually more convenient and affordable than buying joint life insurance.
Where you live
The state you live in won’t usually affect the cost of your policy, but your location does affect the rules and regulations that surround it. States may also have laws that restrict who you can name as your policy beneficiary — and not every type of policy is available in every state.
The number of policies you have
The number of policies you have doesn’t influence your rates. It’s possible and legal to have multiple life insurance policies depending on the options available to you and your specific coverage needs. The only time you can’t buy more than one life insurance policy is when you’re trying to get more coverage than you qualify for — most people can qualify for up to 15 times their annual income in total life insurance coverage, but if you’re in your 20s or 30s, you might be able to qualify for even more coverage.
The number of beneficiaries you have
Most people use life insurance as an income replacement and choose their spouse as their primary beneficiary so their life insurance proceeds can help pay the bills or cover future expenses, like your kids’ college tuition. You can have multiple beneficiaries and this won’t affect your rates.
How much life insurance do you need?
The amount of life insurance you get should be enough to replace your lost income and cover all of your family's future expenses, like mortgage payments and bills. But it's easy to undervalue your policy and get too little coverage. The key to protecting your family is to get enough life insurance to last them years down the line, so that their finances are never jeopardized.
Here are a couple of easy ways to determine how much life insurance you need.
Multiply your income by 10
One common rule of thumb is to multiply your annual income by at least 10 times (and up to 15 times) to get your estimated coverage amount. This is an easy way to make an estimate based on the number of years you want to financially support your family.
If you’re young, you might want to multiply by a higher number, to account for all of your earning years and future income increases.
Use the DIME method
The DIME method — which stands for debts, income, mortgage, and education — can help you get the most accurate term life insurance estimate because it involves using detailed information about your future expenses.
You have to tally up any outstanding debts — including co-signed debt like car loans and student loans, as well as credit card debt — plus your income multiplied by the number of years your family will depend on it, the amount left on your mortgage, and the cost of your children’s education. Make sure to also factor in income growth and the number of working years you have left.
How long your life insurance should last will depend on your financial needs. Most people need term life coverage that lasts 20 to 30 years, but insurers also offer shorter and longer terms — from 10 years up to 40 years.
How to choose your term length
Match your term length to your financial situation. If you have a 20-year mortgage, for example, then you’ll want at least a 20-year term to cover your mortgage payments. If you have young children, consider how many years you’ll have to support them until they’re financially independent and the amount of money you’ll need to cover their expenses, including college tuition when they’re older.
How to calculate your coverage length
The best term length for your policy will depend on the reason you’re buying the policy in the first place. Most people get life insurance to protect their family financially in case of an unexpected death. People often need a policy to cover a mortgage, any co-signed loans, their children’s expenses including education, and any expenses until retirement age.
A licensed agent at Policygenius can work with you through the application process so you can get coverage from the best insurer for your circumstances at the most competitive price and the right term length for you.
Life insurance is federally regulated, so insurers won’t be able to offer you any discounts. However, each life insurance company considers certain factors like your age and health differently, so shopping around with multiple companies is the best way to find the cheapest life insurance rates.
Here are other options to lower the cost of term life insurance.
Apply early
Life insurance is cheapest when you’re young and healthy, so buying a policy in your 20s or 30s can save you money while still securing important financial protection. Applying early can help you lock in very competitive term life rates.
Consider paying premiums annually
Many insurers give a discount to applicants who agree to pay yearly instead of monthly. If you can afford to pay your life insurance premiums annually, you may get a discount up to 5%. Monthly premium payments are, however, more manageable for most people.
Opt for a shorter term or less coverage
As the sample term life insurance rates presented above showed, longer policies or policies with greater payouts are more expensive than shorter policies or policies with a smaller death benefit. While not ideal, settling for a shorter term or less coverage can help you lower your term life insurance premiums. Keep in mind that some insurance is better than none.
Keep a healthy height-to-weight ratio
Maintaining a healthy weight according to CDC guidelines can help you get a better health classification during the application process. Health classifications are used by insurers to set your premiums. The best term life insurance rates are generally reserved for people with excellent health and ideal height-to-weight ratios.
Manage your health conditions
If you have a pre-existing condition, life insurance companies will usually offer you better rates if you’ve been following any treatment plan prescribed by your physician. If you want to be eligible for competitive term life rates, try kicking an unhealthy habit and making sure any pre-existing conditions are well managed for at least one year before applying.
Stop smoking
The cost of term life insurance is two to three times higher for smokers than it is for non-smokers. If you want to lock in competitive rates, make sure to be nicotine-free for at least one year before applying for life insurance.
Avoid high-risk hobbies
Cooking, golfing, or painting won’t affect your life insurance policy. But riskier hobbies like outdoor climbing or flying a private plane can increase your term life rates, so try to avoid them.
If you do practice an adventurous activity, make sure to disclose it. Misrepresenting yourself or lying during the application process is considered insurance fraud and can result in higher premiums, policy denial, or cancellation of coverage.
Frequently asked questions
How much is term life insurance?
Term life insurance is the most affordable type of life insurance. Your actual term life insurance rates will depend on your age and health, but on average a male or female in their 30s pays less than $30 a month for a $500,000, 20-year policy.
What is the best age to buy term life insurance?
The younger you are when you purchase your policy, the cheaper your life insurance will be. Your 20s and 30s are the best time to buy term life insurance to lock in low rates.
Is a 10-year term life insurance policy worth it?
A 10-year term life insurance policy is worth considering if it fits your financial needs. For example, someone with seven years left on their mortgage or someone who took out a 10-year business loan might want a 10-year policy to cover those debts.
What is the cost of a $500,000 term life insurance policy?
A $500,000, 20-year term life insurance policy costs $20 to $30 per month for 25-to-35-year-old non-smokers in good health, $48 to $61 per month for 45-year-olds, and $109 to $152 per month for 55-year-olds.
How much is a million dollar life insurance policy a month?
A 25-year-old non-smoking female might pay less than $34 per month for a 20-year, million-dollar term life insurance policy, while a 45-year-old female in similar health would pay less than $87 per month. A 25-year-old non-smoking male might pay less than $45 per month for the same $1 million policy, while a 45-year-old male in similar health would pay less than $113 per month.
How much does it cost to buy life insurance for a family of four?
The total cost of term life insurance for a family with two relatively healthy parents and one or more children can be as low as $77 per month (under $1,000 per year). This estimate includes a separate term policy for each parent in addition to a child rider to cover the children. A child rider is an optional add-on to your life insurance policy that pays out a small death benefit if any of your children pass away.
Who pays more for life insurance, males or females?
Women typically live longer than men, so they often pay less than men for life insurance.
What affects the cost of life insurance?
Several factors including your age, gender, health, and lifestyle determine term life insurance prices. A licensed agent at Policygenius can help you identify the right coverage for your needs at a competitive rate.
Is life insurance worth getting?
A life insurance policy is worth incorporating into your financial plan to ensure your loved ones don’t financially suffer — or become responsible for your debt — in your absence. If you have financial obligations that would fall on others if you died, you need life insurance coverage.
References
Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of our
Amanda Shih is a licensed life, disability, and health insurance expert and a former editor at Policygenius, where she covered life insurance and disability insurance. Her expertise has appeared in Slate, Lifehacker, Little Spoon, and J.D. Power.
Antonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.
Adam Morgan is an editorial director at Policygenius who leads the life insurance team. Previously, he led editorial teams matrixed across multiple financial publications at Red Ventures — including Bankrate, NextAdvisor, Million Mile Secrets, and others.
Licensed Insurance Expert & Director of Life, DI and P&C Operations
Matt Burke is a licensed insurance expert and the director of operations for life, disability and property & casualty insurance at Policygenius. Matt has worked in the insurance and financial planning industries for more than seven years, and is a Life, Accident & Health licensed insurance agent.
