The most affordable way to protect your family. $500,000 in coverage for as little as $21/month.
Get Term Life Quotes →Term life insurance pays a tax-free death benefit to your beneficiaries if you die during the policy term (10, 15, 20, 25, or 30 years). If you outlive the term, no benefit is paid — but you've paid a fraction of what whole life would cost.
It's the right choice for most people because it covers your family during your highest-need years: while the mortgage is active, kids are in school, and your income is essential.
| Age | 10-Year Term | 15-Year Term | 20-Year Term | 30-Year Term |
|---|---|---|---|---|
| 25 | $14/mo | $17/mo | $21/mo | $29/mo |
| 30 | $16/mo | $19/mo | $25/mo | $34/mo |
| 35 | $18/mo | $22/mo | $31/mo | $46/mo |
| 40 | $24/mo | $31/mo | $44/mo | $68/mo |
| 45 | $36/mo | $48/mo | $67/mo | $108/mo |
| 50 | $57/mo | $76/mo | $102/mo | $168/mo |
| 55 | $91/mo | $121/mo | $157/mo | N/A |
Male, non-smoker, preferred health. Female rates are 10–20% lower. Smoker rates are 2–4x higher.
| Your Situation | Recommended Term | Why |
|---|---|---|
| Single, no dependents | 10 years | Cover debts while building assets |
| Newlywed, no kids yet | 20 years | Covers family growth + mortgage |
| Young kids (under 5) | 25–30 years | Covers through college graduation |
| Kids in middle/high school | 15–20 years | Covers remaining parenting years |
| Near retirement | 10–15 years | Bridge to retirement assets |
| Feature | Term Life | Whole Life | Universal Life |
|---|---|---|---|
| Coverage period | 10–30 years | Lifetime | Lifetime (flexible) |
| Monthly cost (age 35, $500K) | $31 | $400–$600 | $250–$400 |
| Cash value | No | Yes | Yes |
| Best for | Most families | Estate planning | Flexible needs |
| Complexity | Simple | Moderate | Complex |
Coverage stops. You can renew at much higher rates, convert to a permanent policy, or buy a new policy. If you're healthy, a new policy is usually cheapest.
Yes. Many carriers offer accelerated underwriting — you answer health questions online and get approved in 24–48 hours. Coverage amounts up to $3M are available without a physical. See no-exam options →
Yes — especially if anyone depends on your income. A 30-year-old can get $500,000 of coverage for $25/month. If you die unexpectedly, that pays off your mortgage, funds college, and replaces years of income. The math is strongly in your family's favor.
Term life rates increase every year you wait. A 35-year-old pays 40% less than a 40-year-old for the same policy.
Get Free Term Life Quotes →