When it comes to life insurance, it doesn’t have to be expensive. There are plenty of options out there, especially for healthy people.
Compare rates from different carriers and apply as soon as you need coverage. This could be when you take on a new financial obligation, like getting a mortgage or having a child.
Life insurance rates can vary widely, so it’s important to compare quotes from multiple providers before buying a policy. The rates below are just a sampling of what you might see when shopping for life insurance, and your actual rates may be different depending on a variety of factors. Still, this can give you a good idea of what to expect when researching life insurance options.
There are many factors to consider when shopping for life insurance, and the cost is certainly one of the most important. However, it’s important to remember that the cheapest policy isn’t always the best option. With that in mind, here are some of the most affordable companies for a 20-year, $500,000 life insurance policy for preferred Plus applicants.
Company Age 25 Age 35 Age 45 Age 55
Legal & General $18.61 $21.56 $49.13 $126.16
Protective $18.61 $21.56 $49.13 $126.17
Pacific Life $18.90 $21.69 $49.42 $126.85
Corebridge
Formerly AIG$18.63 $21.58 $49.15 $126.19
Lincoln Financial $18.90 $23.83 $53.79 $128.37
Company Age 25 Age 35 Age 45 Age 55
Legal & General $15.19 $17.39 $36.23 $113.27
Protective $15.19 $17.39 $36.23 $113.27
Pacific Life $15.26 $17.38 $36.41 $113.27
Corebridge
Formerly AIG$15.21 $17.50 $36.25 $113.65
Lincoln Financial $15.47 $19.05 $39.47 $114.64
The term life insurance business remains ultra-competitive even after insurance companies paid out substantial Covid 19 related claims in 2020 and 2021. There is no better time to buy the cheapest term life insurance than today! The cheapest term life insurance is still a bargain in any state in the U.S.
Financial Ratings | A.M. Best: A+ S&P Global: AA- Fitch: AA- COMDEX Score: 94 ot of 100 |
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Optional Riders | Additional 20-year Term Rider Accelerated Death Benefit Rider Children’s Term Rider Conversion Option |
Other Products | Universal Life Whole Life Final Expense AD&D Insurance |
Financial Ratings | A.M. Best: A+ S&P Global: AA- Fitch: A+ Moody’s: A1 |
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Optional Riders | Accidental Death Benefit Accelerated Death Benefit Waiver of Premium Disability Income Additional Purchase Option Children’s Term Rider |
Other Products | Universal Life Whole Life Variable Life Children’s Life |
Financial Ratings | A.M. Best: A+ S&P Global: A+ Fitch: A+ Moody’s: A1 |
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Optional Riders | Conversion Option Accelerated Death Benefit Waiver of Premium Rider Children’s Term Rider |
Other Products | Whole Life Indexed Universal Life Variable Universal Life Annuities |
Formerly American International Group AIG
Financial Ratings | Fitch: A- Moody’s Baa2 S&P Global: BBB+ |
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Optional Riders | Conversion Option Accidental Death Benefit Waiver of Premium Children’s Ter, Rider |
Other Products | Whole Life Universal Life Survivorship Life |
Financial Ratings | A.M. Best: A+ S&P Global: AA- Fitch: A+ Moody’s: A1 |
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Optional Riders | Conversion Option Accelerated Death Benefit Waiver of Premium Children’s Term Rider Accidental Death Benefit |
Other Products | Universal Life Indexed Universal Life Variable Universal Life |
Because of 21st-century technology, checking life insurance rates is easier now than ever before. It’s so much easier that we recommend checking your rates against all the insurers that will publish them (most of them do) a few weeks before your policy is due to renew.
However, if you prefer to have an insurance professional in your corner while shopping for life insurance, you can contact the team of experts at LifeInsure.com at 866-868-0099 during normal business hours. We represent most of the highly-rated insurers and would be happy to present your quote request to all of them and them, answer any questions you have, and walk you through the underwriting and purchasing process.
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Here is the legal information we’re required to provide you. LifeInsure.com, a California corporation and subsidiary of Intramark Insurance, is a licensed independent insurance broker. The information provided on this site has been developed by LifeInsure.com for general informational and educational purposes. We try hard to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application.
