Check Term Insurance Rates Now!
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.
Key Article Takeaways
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.
CheapestTerm Life Insurance Companies for 2023
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.
Here are the lowest monthly rates for a very healthy male non-smoker.
Actual rates for a $500,000 20-year Term Policy
| 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 |
The monthly rates are even better for a female non-smoker who is also very healthy.
| 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.
Why we trust these stellar Companies for more than just Low Rates
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 |
How can I check Insurance Rates from Other Companies?
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.
Frequently Asked Questions
Term Life Insurance Quotes
I believe that when people shop for insurance (or anything else, for that matter) on the Internet, they are looking for a simple, non-intrusive, non-pressure method of doing so.
I strive to treat my prospective clients with the utmost respect and I believe an educated prospect can make the right decision without sales pressure.
Being independent, I represent many highly-rated insurance companies and, because I am not beholden to any one insurance company, my focus is to find the right company and policy for each individual client.
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