Term Life Insurance Quotes & Real-Life Examples

These sample policy prices demonstrate just how affordable
term life insurance can be through SelectQuote.
Scott, 55, and Gina, 50, own a graphic design studio. Their daughter, Amanda, is a sophomore in college. SelectQuote found Scott a $500,000, 10-year term life insurance policy for
less than
$74 a month.*
Scott, 55, and Gina, 50, own a graphic design studio. Their daughter, Amanda, is a sophomore in college. SelectQuote found Scott a $500,000, 10-year term life insurance policy for less than $75 a month.*
Age 50/Monthly Rate
Insurance
Man
Woman
$250,000
Under $27
Under $22
$300,000
Under $31
Under $26
$500,000
Under $46
Under $38
Age 55/Monthly Rate
Insurance
Man
Woman
$250,000
Under $41
Under $31
$300,000
Under $48
Under $36
$500,000
Under $74
Under $55
All prices based on excellent health
10-year OPTerm monthly rates
Christine, 39, is a
single mom whose
life revolves around
her five year-old son,
Dixon. SelectQuote
found her a $350,000,
10-year term life
insurance policy
for less than
$14 a month.*
Christine, 39, is a single mom whose life revolves around her five year-old son, Dixon. SelectQuote found her a $350,000, 10-year term life insurance policy for less than $14 a month.*
Age 35/Monthly Rate
Insurance
Woman
$250,000
Under $11
$300,000
Under $12
$500,000
Under $14
Age 40/Monthly Rate
Insurance
Woman
$250,000
Under $12
$300,000
Under $13
$500,000
Under $18
All prices based on excellent health
10-year OPTerm monthly rates
Rick, 48, and Sara, 43,
have their hands full
with two teenagers.
SelectQuote found Rick
a $500,000, 10-year
term life insurance
policy for less than
$38 a month.*
Sara was able to get a
$500,000, 10-year
term life insurance
policy for less than
$23 a month.*
Rick, 48, and Sara, 43, have their hands full with two teenagers. SelectQuote found Rick a $500,000, 10-year term life insurance policy for less than $42 a month.* Sara was able to get a $500,000 10-year term life insurance policy for less than $23 a month.*
Age 45/Monthly Rate
Insurance
Man
Woman
$250,000
Under $19
Under $16
$300,000
Under $21
Under $19
$500,000
Under $31
Under $27
Age 50/Monthly Rate
Insurance
Man
Woman
$250,000
Under $27
Under $22
$300,000
Under $31
Under $26
$500,000
Under $46
Under $38
All prices based on excellent health
10-year OPTerm monthly rates
Noel, 25, just married
Susanna, 24.
SelectQuote found him
a $500,000, 10-year
term life insurance
policy for less
than $19 a month.*
Noel, 25, just married Susanna, 24. SelectQuote found him a $500,000, 10-year term life insurance policy for less than $15 a month.*
Age 25/Monthly Rate
Insurance
Man
$250,000
Under $14
$300,000
Under $16
$500,000
Under $19
Age 30/Monthly Rate
Insurance
Man
$250,000
Under $14
$300,000
Under $16
$500,000
Under $19
All prices based on excellent health
10-year OPTerm monthly rates
Bowen, 38, and his
wife, Julia, 34, have
three kids in
elementary school.
SelectQuote found
Bowen a $500,000,
10-year term life
insurance policy
for less than
$23 a month.*
Bowen, 38, and his wife, Julia, 34, have three kids in elementary school. SelectQuote found Bowen a $500,000, 10-year term life insurance policy for less than $21 a month.*
Age 35/Monthly Rate
Insurance
Man
$250,000
Under $14
$300,000
Under $16
$500,000
Under $19
Age 40/Monthly Rate
Insurance
Man
$250,000
Under $16
$300,000
Under $18
$500,000
Under $25
All prices based on excellent health
10-year OPTerm monthly rates
See How Much You Can Save
Pricing is often the deciding factor when making a purchase, and life insurance is no different. The cost of term life insurance can be surprisingly affordable if you’re healthy – and know where to look. SelectQuote works with several highly-rated companies to provide you with a fair price that won’t break the bank. These sample policies will give you an idea of the typical monthly cost for various coverage amounts when you’re in excellent health. If you want a more personalized example, get a free life insurance quote today.
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  • What is Term Life Insurance?

    Term life insurance is the most affordable way to protect your family's financial security if something happens to you.

    Men and women in excellent health in their mid 30s and 40s can buy $100,000+ of term life insurance for under a dollar a day.

    You can buy term life insurance for 10, 15, 20, or 30 years — however long you need it.

    In most cases, term life insurance proceeds are tax-free. Consult with your tax advisor if you have any questions.

  • How Much Do I Need?

    Term life insurance is the most affordable – and flexible – Life insurance product available. Why? Because term life insurance provides a specific death benefit amount for a duration – or term – chosen by the policyholder. Once a 10-, 15-, 20-, or 30-year term is selected, the coverage and premium amounts remain the same for the life of the policy. So rather than paying a monthly premium for the rest of your life, you can simply buy coverage for however long you need it – usually until your children are grown and out of the house.

    Life insurance is a personal affair. Standard formulas such as buying coverage equal to eight, nine or ten times your annual income are inadequate shortcuts. Online calculators can provide a general guide, but it doesn't make sense to say that someone with four young children should have the same amount of coverage as empty nesters with no mortgage and a substantial retirement fund. Other items to consider:

    The time factor. Figure out how many years you'll need to be covered.

    Final expenses. Determine the total cost of your funeral, burial and related expenses.

    Mortgages and other debts. Tally your mortgage balance, car loans, student loans, and any other major expenses.

    Education expenses. This calculation can be tricky because you need to consider the cost of a college education at the time your kids will enroll, as opposed to what it would cost today. Hint: It will be more expensive.

    Income replacement. Once you cover funeral expenses, debts and education, you need to determine the amount of income required for your family members to sustain their current lifestyle.

    A conversation with an experienced agent can provide the guidance you need.

  • Why Choose SelectQuote?

    In 1985, SelectQuote pioneered the direct marketing of term life insurance – providing unbiased price comparisons of your best rates from highly-rated term life insurance companies.

    Your personal SelectQuote agent is dedicated to:

    • Answering all your questions.
    • Offering all the information you need to be an informed buyer.
    • Diligently shopping for your best prices from the trusted companies SelectQuote represents.
    • Going to bat for you every step of the way.

    SelectQuote focuses on each client’s individual needs in order to find the policy that suits you best.

    SelectQuote works with only highly-rated, rock-solid life insurance companies, and lobbies on your behalf to keep pricing fair.

    SelectQuote is America’s #1 Term life sales agency.

  • Companies We Represent

    The 12 Trusted Companies We Represent

    Prudential Omaha Protective Legal and General American General Globe Life SBLI
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* These prices are based on the assumption of excellent health and a preferred plus rating. Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form # ICC12OPTN and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-75 all classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 4-20-2015. Services in Florida provided by Charan J. Singh, licensed agent. Advertising compliance#15-156.
* These prices are based on the assumption of excellent health and a preferred plus rating. Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form # ICC12OPTN and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-75 all classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 4-20-2015. Services in Florida provided by Charan J. Singh, licensed agent. Advertising compliance#15-157.
* These prices are based on the assumption of excellent health and a preferred plus rating. Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form # ICC12OPTN and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-75 all classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 4-20-2015. Services in Florida provided by Charan J. Singh, licensed agent. Advertising compliance#15-158.
* These prices are based on the assumption of excellent health and a preferred plus rating. Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form # ICC12OPTN and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-75 all classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 4-20-2015. Services in Florida provided by Charan J. Singh, licensed agent. Advertising compliance#15-159.
* These prices are based on the assumption of excellent health and a preferred plus rating. Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Garden City, NY. Banner products are distributed in 49 states and in DC. Banner does not solicit business in NY. OPTerm policy form # ICC12OPTN and state variations. Two-year contestability and suicide provisions apply. The Banner term life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 10 issue ages are 20-75 all classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000 and above. Premiums quoted include $60 annual policy fee. Premiums are guaranteed to stay level for 10 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 10 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Rates as of 4-20-2015. Services in Florida provided by Charan J. Singh, licensed agent. Advertising compliance#15-160.