Term Life Insurance Quotes for $25,000 to $100,000 - Tips & Sample Quotes
According to parting.com, the average funeral cost in the United States is between $8,000 to $10,000.
If that’s the case, why do most people call us asking for $25,000 to $100,000 of life insurance or more?
In this post we’ll discuss the reasons to purchase a smaller amount of life insurance coverage such as $25,000 or $50,000, and tips for finding the lowest cost policies.
Here’s what we'll cover in this post:Quick Article Guide
Sample Life Insurance Quotes for $25,000 to $100,000
Below, we’ve provided sample rates for you from 30 years old to 80 years old. Keep in mind the rates are for a man in excellent health.
If you have any health conditions or are female, the rates may be slightly different. You can get a free quote using the form on the right or by calling us at 855-247-9555.
You’ll notice the pricing for $50,000 of coverage is nearly the same as $100,000. The reason is there are fewer carriers who offer $25,000 to $75,000 of coverage, whereas we have access to dozens of companies who offer $100,000 of coverage, so the pricing is more competitive.
10 Year Term
As the name implies, a 10 year term life insurance policy fixes your premium for an initial period of 10 years. After this term, premiums increase annually thereafter. 10 year term is typically the lowest priced policy any carrier offers and is good for shorter term needs such as to cover a business loan or other short term debts.
10 Year Term Life Insurance Rates
| Face Value | $25,000 | $50,000 | $75,000 | $100,000 |
| 30 Years Old | $6.87 | $7.66 | $8.44 | $7.37 |
| 40 Years Old | $7.29 | $8.48 | $9.68 | $8.25 |
| 50 Years Old | $9.59 | $13.09 | $16.60 | $14.23 |
| 60 Years Old | $15.62 | $25.14 | $34.67 | $29.76 |
| 70 Years Old | $28.58 | $51.07 | $73.56 | $85.84 |
| 80 Years Old | N/A | $317.84 | $474.21 | $383.52 |
*All quotes are based on a monthly premium and valid as of 6/08/22. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some ages.
15 Year Term
Similar to the description for 10 year term, the 15 year term policy fixes your premium for a period of 15 years. You’ll notice there are no 15 year options for 80 year olds. This is because term policies have maximum ages. Most carriers have a max age of 70 for 15 year term.
15 Year Term Life Insurance Rates
| Face Value | $25,000 | $50,000 | $75,000 | $100,000 |
| 30 Years Old | $6.89 | $7.70 | $8.50 | $7.80 |
| 40 Years Old | $7.72 | $9.17 | $10.98 | $9.01 |
| 50 Years Old | $10.77 | $15.44 | $20.12 | $17.90 |
| 60 Years Old | $19.55 | $33.02 | $46.48 | $37.76 |
| 70 Years Old | $39.41 | $72.73 | $106.05 | $119.83 |
| 80 Years Old | N/A | N/A | N/A | $553.00 |
*All quotes are based on a monthly premium and valid as of 6/08/22. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some ages.
20 Year Term
20 Year term is the most common term length we sell. While still very affordable, in most cases, it also covers a long period. Even if you plan to work more than 20 years, a 20 year term might suffice as you can pay down your debts and increase your assets while you hold the policy. The maximum age with most carriers for 20 year term is 60, which is why there are no options below age 60 below.
20 Year Term Life Insurance Rates
| Face Value | $25,000 | $50,000 | $75,000 | $100,000 |
| 30 Years Old | $7.03 | $7.96 | $8.90 | $8.81 |
| 40 Years Old | $8.22 | $10.24 | $12.48 | $10.59 |
| 50 Years Old | $12.33 | $18.57 | $24.82 | $21.40 |
| 60 Years Old | $24.62 | $43.15 | $61.68 | $52.34 |
| 70 Years Old | $76.85 | $125.66 | $188.48 | $201.69 |
| 80 Years Old | N/A | N/A | N/A | $612.00 |
*All quotes are based on a monthly premium and valid as of 6/08/22. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some ages.
30 Year Term
Most people buy 30 year term coverage for income replacement purposes. For example, if you are in your 30’s or 40’s and plan to work into your 60’s or 70’s, you know you’ll need long term protection, so you might opt for the 30 year term. Unfortunately, most carriers have a max age of 50 to 55 years old for this term length.
30 Year Term Life Insurance Rates
| Face Value | $25,000 | $50,000 | $75,000 | $100,000 |
| 30 Years Old | $7.70 | $9.31 | $10.92 | $11.14 |
| 40 Years Old | $9.57 | $13.05 | $16.53 | $15.39 |
| 50 Years Old | $16.25 | $26.40 | $36.56 | $36.09 |
| 60 Years Old | $52.86 | $77.66 | $116.49 | $114.93 |
| 70 Years Old | $97.52 | $167.00 | $250.50 | $262.50 |
| 80 Years Old | N/A | N/A | N/A | $636.00 |
*All quotes are based on a monthly premium and valid as of 6/08/22. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some ages.
Guaranteed Lifetime Coverage
For whole life or universal life quotes, which can provide you with guaranteed level premiums for life, use our quote form on the right or call us at 855-247-9555.
While term policies are appropriate for most life insurance needs, lifetime policies are great for charitable planning and estate planning.
Reasons for $25,000 to $100,000 of Life Insurance
1. Final Expenses - A lot of our clients call us needing nothing more than a simple policy to cover funeral expenses, burial, etc. In that case, we typically recommend a simple $25,000 guaranteed universal life policy.
We have a handful of carriers who offer less coverage, such as $10,000 to $20,000, but they typically don’t require an exam and are higher priced than our $25,000 option.
2. Pay off Debts – Do you have a mortgage or credit card bills that you would stick your spouse with if you were to die unexpectedly. Many financial advisers recommend you leave enough coverage to your spouse to either pay off all the outstanding debts, or at least enough to help pay those bills for 5 to 10 years after your passing.
For example, let’s say you have a $250,000 mortgage balance with a monthly payment of $1,500. You might consider $75,000 to $100,000 of coverage to help pay the mortgage.No, it’s not enough to pay off the mortgage completely, but it could help your surviving family members pay the mortgage for several years.
3. Income Replacement – If you’re married and earn an income, you might want to consider how long your spouse could sustain his or her lifestyle.
Would your spouse be able to continue living in the same house, for example?
Most financial advisers recommend you leave 5-10x your annual income. In this case, most people will have to buy more than $100,000 of life insurance and can see sample rates for that on our site as well.
Smaller Life Insurance Policies for Liquidity
There are a few other reasons someone might buy a lower amount of life insurance.
Say you have real estate or business holdings and most of your cash is tied up. Having a small $50,000 to $100,000 of liquid cash can come in handy for any family, regardless of their income status.
So even if you’re a more affluent individual and don’t see the “need” for life insurance, providing liquidity to your estate is one potential reason you may just purchase a small policy such as $25,000, 50,000, or $75,000.
Applying for Coverage - Special “Streamlined” Approvals for Lower Face Values
One of the benefits of applying for lower life insurance face amounts is many carriers make it a lot easier to qualify. For example, we have multiple companies that offer approvals in as little as a couple days for lower death benefit amounts.
Basically, the more coverage you request, the more stringent the requirements. Most companies require a medical exam and order medical records for policies for $100,000 or more.
Note: If you’re younger, you may not even need an exam for $100,000 of coverage. As you request more coverage, the requirements go up.
Many carriers, for example, even require an EKG when you buy a $1,000,000 policy amount or higher. So the nice thing with a smaller policy is many of these requirements are waived making approval times very quick.
The best way to get a quick quote and apply for coverage that can be approved quickly is to call us rather than using our quote form.
As previously stated, very few companies offer policies for less than $100,000 of coverage, so your best bet is to speak with one of our knowledgeable agents by calling 855-247-9555.
Chris Huntley
Co-Founder
Chris is a co-founder of JRC Insurance Group. Prior to founding JRC, he owned his own agency, and he has been a licensed life insurance agent since 2014. Chris is a die-hard San Diego Padres fan, and in his spare time he enjoys reading, ping pong, poker, and spending time with his wife and three daughters.
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Questions From Our Visitors
Some of the questions we received from our website visitors:
25, 000 term for 15 yrs
George, Small $25,000 death benefit policies are only sold as permanent whole life coverage. Whole life insurance is more expensive than term, since the insurer will definitely be paying the claim one day unless you later choose to cancel the coverage. If you only require life insurance for 15 years, you'll find a lower cost (possibly much lower) for a $50,000 term policy. $50,000 is the minimum term policy issued from all the companies we're aware of. Call us and we'll help you compare rates for the companies doing business in your state, as well as the application process, which may vary a little. Some insurers streamline applications for these relatively small death benefits. They all underwrite age, medications and health history differently. JRC has each companies guidelines, so will match you to your best options. Our service is completely free, so take advantage of our skill and experience! (855) 247-9555.
I'm looking for 100k term policy. 60 years old, great physical shape.
Hello, Ed, Thanks for visiting our JRC site. We're glad you found us. JRC specializes in helping men 55-80 find their most affordable life insurance. I'm 58...many insurance companies, including Farmers, who I have my home and auto insurance with, choose not to write new insurance for guys our age. We have underwriting guidelines for over 40 A+ rated companies, so will ensure you're quoted and pre-qualified accurately. Prudential, Protective, and a handful of others are particularly good when you're in good shape. Underwriting will vary from company to company based on your medical records and age appropriate physicals. Give us a call today at (855) 247-9555 and we'll have a brief conversation to determine your best pricing options, and which companies will offer the term length (10, 15, 20 years) you're seeking. If you'd like to look at options beyond age 80, there are companies which offer age specific life insurance, which function like a term, but will go to age 90, 95, 100, etc. We'll email your quotes to you, without obligation, so you have a chance to review them over the holiday weekend. Thanks again, and we look forward to helping you protect your family with life insurance.
Can I get quote for term life and whole life for 64 yearoldwoman,non smoker, for 25, and 50,000. Thank you.
Karen, thank you for your question. We've provided sample quotes on our site, but will be glad to provide accurate quotes for your situation. Final "rating" (risk assessment) is based on a few factors including health and medications. Call us with those details and we'll provide you accurate comparison quotes from highly rated life insurance companies doing business in your state. JRC's toll free number is (855) 247-9555. If the quote is for a family member, rather than yourself, we will need to speak to her at some point. $25,000 policies will be whole life coverage. At $50,000 you'll typically have options for either term or whole life insurance. JRC's toll free number is (855) 247-9555.
I am looking for 50,000.00 term life insurance for both myself and my husband. We are both in good physical shape no medications and nonsmokers, husband is 63 and I am 56. Thank you.
Maryann, We're checking again to ensure our previous email reached you and you've been helped. You and your husband each sound like good candidates for very affordable rates for $50,000 death benefit policies. The companies offering coverage varies by your state of residence. Some may require a free in-home medical exam while other will not. Call us at (855) 247-9555 and we'll determine your options and email a list of your pre-qualified price comparisons, all free of charge. We look forward to helping you!
Need 2 quotes 25000 and 50000 15 yrs for 2 59 yr olds
Mr. Traino, Thank you for your inquiry. We're unaware of insurance companies selling term insurance for less than $50,000 and this varies a bit by state of residence. If you only want to be insured for 15 years you could purchase whole life coverage for the amounts you're considering, and then cancel the policies (there's no penalty) whenever coverage was no longer needed or affordable. That being said, a 15 year term policy would be less costly, since the insurer and person being covered expect the death benefit won't be paid. We'll be glad to help you determine your applicable options and compare cost. We're licensed by your state insurance commission to help, so there's no cost or obligation for our assistance. We'll save you a lot of time by trying to figure it out yourself...what could take you weeks will likely take us 15 minutes since we 40 insurance companies rates and health requirements in our computer system database. JRC's phone number is (855) 247-9555. We look forward to helping you and your spouse.
I'm 73 years old, looking for a term policy that is in the $30,000.00 range. I'm a non-smoker. Can you give me some kind of quote and/or parameters for getting something in that range. Thank you. Donald Brown
Mr. Brown, Thank you for visiting our JRC Life Insurance website. There are a limited amount of insurance companies selling death benefits under $100,000 so we're glad you contacted us. One factor will be your state of residence. Call us at (855) 247-9555 and we'll help you determine your best options. No cost or obligation for our help...we're licensed in 48 states and our job is to work as a "matchmaker" between 45 insurance companies and those seeking coverage. We may find a better value for a fixed rate policy to a specific age rather than a term policy (fixed rate for specific number of years).
Doesn't whole life typically NOT pay benefits for the first two years of coverage (only repaying back premiums) and if so shouldn't that be disclosed up front?
Carolyn, Thank you for your email and visiting our JRC Life Insurance website. Standard life insurance, including whole life and term insurance, where you provide health information and/or a medical exam ("medically underwritten"), generally provide full coverage from the time an application is approved and first payment is made (coverage is "bound"). Smaller policies in the $5000-$25,000 may not require proof of health. In exchange, there is typically a two-year "waiting period" before death due to medical reasons covered. In that period, accidental death coverage is provided as well as a money-back "return of premium" and sometimes an additional 3-5%. The insurer (if bought direct) or agent should explain the differences in coverage, including how long the life insurance will last and if the cost changes over time. When the policy is issued, there is a 30-day money-back "free look" period. It's important to read and understand any type of insurance policy being considered, including home and auto coverage, and ask questions. Rule of thumb, if no health questions are asked for life insurance, there will generally be a waiting period before death due to a medical reason is covered. One common exception is group life insurance provided by an employer. These policies will sometimes waive a waiting period, basing the underwriting on the "group" rather than the insured individual.
Interested in a 30,000 policy. 15 year. I am 66 in relatively good health. Female.
Ms. Giletti, Thank you for your request and visiting JRC's life insurance website. There are a number of options you can consider, partially based on your state of residence and a few brief medical underwriting questions we can review by phone. Give JRC a call at (855) 247-9555 and a licensed agent for your state will help you identify which will provide the most "bang for your buck". Best Regards, JRC Life Insurance
What is the cost of 50 thousañd in life insurance for 5 or 10 year
Ms. Bray, There are a number of factors determining the cost for life insurance and which company (there are over 2000!) will provide your personal best rate. We also want to ensure you're being quoted accurately for your age, health and lifestyle. Call JRC at (855) 247-9555 and a licensed agent for your state of residence will assist you.
HI, I AM LOOKING FOR 25,000 IN WHOLE LIFE BUILDS VALUE WHOLE LIFE INSURANCE FOR MYSELF PLEASE??... I AM 43 YRS. OLD PERFECT HEALTH... NO MEDICATIONS, N NO HEALTH PROBLEMS OR DISEASES AT ALL... THANK YOU... LISAMARIE GRUTTADAURIA.........
LisaMarie, Thank you for contacting JRC Life Insurance and visiting our website. We'll be glad to help you compare options for your whole life insurance. In addition to health and lifestyle, your state of residence will determine which life insurance companies do business in your state. Call as at (855) 247-9555 and a licensed insurance professional will assist you. Best Regards, JRC Life Insurance
Want 30,000 for twenty year How much a month I’m in good health 67.
Lorraine, Thank you for your question and visiting JRC's life insurance website. There are many more companies selling life insurance with a $50,000 minimum death benefit, so you may be surprised to learn the cost would be lower than for a $30,000 policy. The cost varies by a few factors including your state of residence. Call JRC at (855) 247-9555 and a licensed agent for your state will review your options with you. Best Regards