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Life Insurance Quotes for $250,000 – $1,000,000 of Coverage

If you’re looking to find some term life insurance quotes for $250,000 – $1,000,000 of coverage then we can help!

Every person has different needs and reasons for buying life insurance.

Not only are we going to provide you with some sample quotes for $250,000, $500,000, $750,000 and $1 million of coverage, we also have some valuable tips to help you choose what you need.

So, let’s start with looking at some sample quotes for 10, 15, 20 and 30 year term life insurance, the explanation of the term lengths, and then we’ll discuss the medical exam requirements you might have to incur for the level of coverage you need to protect your family or your business.

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Reasons You Might Need $250,000 – $1,000,000 of Coverage

If you’re just starting to research life insurance, one of the first steps to take is to determine how much life insurance you need. This varies from individual to individual. You want to make sure you buy enough.

One approach is to look at your current needs and then ask yourself what your financial needs might be down the road 10 – 25 years later.  Some of the areas where you will want to consider when buying life insurance include:

Income replacement
• Cover your final expenses such as funeral and burial cost
• Cover your mortgage
• Pay for all your current and future financial debts
• Business insurance such as a buy/sell agreement, key man insurance or to cover a sole proprietorship
• Pay for your children’s college education
• Estate taxes for high income earners
• Give to charity
• Provide a financial legacy

To help you calculate your need, you might want to use our life insurance calculators.

We have 2 of them which includes one for determining simple income replacement, and another one for considering other variables.

10 Year Term $250,000 – $1,000,000 Quotes

A 10 year term life insurance policy covers for an initial 10 years. To renew this term period again premiums will increase annually afterwards. A 10 year term policy is generally the lowest priced that any insurer provides. This type of policy is ideal for shorter term needs such as to cover a business loan or other short term debts.

10 Year Term Life Insurance Rates

Face Value $250,000 $500,000 $750,000 $1,000,000
30 Years Old $9.30 $13.41 $16.87 $20.33
40 Years Old $11.03 $17.46 $22.06 $27.25
50 Years Old $23.79 $41.95 $59.69 $75.69
60 Years Old $61.69 $113.75 $167.38 $210.63
70 Years Old $174.34 $321.93 $478.40 $621.89
80 Years Old $748.35 $1,490.57 $2,232.79 $2,604.36

*All quotes are based on a monthly premium and valid as of 4/1/15. Quotes are for a male, in excellent health, non-smoker, and are subject to change.

15 Year Term $250,000 – $1,000,000 Sample Quotes

The uses and requirements for this length of term is similar to 10 year term, the 15 year term policy and will be in force for 15 years. A 15 year term is not available for those 80 year and older because term policies have maximum ages limits where certain term lengths are no longer available. Most insurers stop providing a 15 year term after age 70.

15 Year Term Life Insurance Rates

Face Value $250,000 $500,000 $750,000 $1,000,000
30 Years Old $10.72 $16.10 $20.76 $25.23
40 Years Old $13.44 $20.76 $27.90 $35.90
50 Years Old $34.34 $62.46 $90.59 $111.48
60 Years Old $81.81 $155.27 $229.66 $292.60
70 Years Old $235.62 $462.88 $690.14 $889.24
80 Years Old N/A N/A N/A N/A

*All quotes are based on a monthly premium and valid as of 4/1/15. Quotes are for a male, in excellent health, non-smoker, and are subject to change.

20 Year Term $250,000 – $1,000,000 Sample Quotes

This is the most common length of term policy we sell as it covers a longer period. It may be sufficient for you to use this time so long as you decrease your debt load and add to your assets. The cut cut-off age for most carriers for this length of term is age 60.

20 Year Term Life Insurance Rates

Face Value $250,000 $500,000 $750,000 $1,000,000
30 Years Old $13.34 $20.76 $27.90 $35.90
40 Years Old $18.38 $29.41 $40.87 $52.33
50 Years Old $44.01 $81.81 $119.61 $154.71
60 Years Old $112.22 $213.66 $317.24 $409.58
70 Years Old $406.57 $821.98 $1,230.16 $1,553.17
80 Years Old N/A N/A N/A N/A

*All quotes are based on a monthly premium and valid as of 4/1/15. Quotes are for a male, in excellent health, non-smoker, and are subject to change.

30 Year Term $250,000 – $1,000,000 Sample Quotes

The majority of people who buy this policy do so for the purpose of income replacement. This term length provides longer life insurance protection for those need it. Most carriers will cease providing this term length at either age 50 or age 55.

30 Year Term Life Insurance Rates

Face Value $250,000 $500,000 $750,000 $1,000,000
30 Years Old $20.13 $34.48 $48.91 $60.53
40 Years Old $29.59 $53.95 $79.70 $102.35
50 Years Old $72.19 $134.35 $198.94 $259.88
60 Years Old N/A N/A N/A N/A
70 Years Old N/A N/A N/A N/A
80 Years Old N/A N/A N/A N/A

*All quotes are based on a monthly premium and valid as of 4/1/15. Quotes are for a male, in excellent health, non-smoker, and are subject to change.

If your interested in finding other life insurance quotes for lower life insurance amounts and need life insurance quotes such as for $25,000 – $100,000 of coverage or even much higher life insurance quotes for $2,000,000 – $5,000,000 of coverage then click on those links.

And, if you are looking for policies which have the additional coverage features such as “Return of Premium” or “Guaranteed Life Time Coverage” you can get additional quotes from the quote calculator on the right hand side of the page or call us at 855-247-9555.

Medical Requirements for Getting Life Insurance

Every standard life insurance policy means you will have to undergo some form of medical exam to be approved for a policy.

There are many of you folk out there who are under the erroneous impression that every life insurance company is pretty much the same when it comes to medical exams.

That’s a big fallacy because they are very different!

Some companies are a lot more lenient and liberal in their underwriting requirements than other companies. This is an important point to remember because life insurance is a long term investment.

You want to get the best value for the hard earned money you spend on a policy, and you want an insurer who is going to give you the best policy at the lowest premiums.

Life insurers differ in a variety of areas such as height and weight ratios and for different ages. Your current age or a pending birthday could mean a significant difference in what you pay.

There is also a big difference in how insurers treat medical conditions, lifestyle habits and even in how they treat high risk occupations. While some insurers will decline you automatically, other companies will provide coverage under different conditions.

Another area where life insurers can be very different is in the medical exam requirements. How they determine what they want for the overall medical testing procedures will depend on both your current age AND on the amount of life insurance coverage on your application.

Just to give you an example of what one insurer is looking at, one such company requires that for a 30 or a 60 year old applying for $ 250,000 or up to $1,000,000 in coverage, you will have to undergo an:
• Abbreviated paramed,
• Blood profile,
• Provide a home office urine specimen,
• Review of your MVA report and
• A Nonmedical.

But if you just turned age 61, the insurer will require the following:

• An attending physician statement,
• Blood profile,
• Home office urine specimen,
• A MVA report and
• Resting EKG.

Other insurers will have different requirements. You now begin to get the idea that they are not all the same.

No Medical Exam Coverage for $250,000 – $1,000,000 Life Insurance

If you have an aversion to needles and simply don’t want to bother with having to take time out to have a medical exam, then you will be happy to know that there is an alternative.

It’s called “No-Medical Exam Life Insurance” where you can apply online, provide a brief interview with one of our independent agents and can receive coverage within 48 hours.

Now, not every life insurer provides no-medical exam coverage policies. Also, most companies don’t provide policies much greater than between $250,000 – $350,000 in coverage, but here at JRC we know one carrier that will provide a no-medical exam policy with up to $1,000,000 in coverage!

Also visit our article for people in excellent health who want to learn about the special perks you get when buying life insurance.

Find the policy you need with the best possible premium by contacting one of our experienced independent agents at JRC Insurance Group (Toll Free) 855 – 247 – 9555 today!

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15 comments… add one
  • Amanda Bray January 6, 2016, 5:58 pm

    Need term life quote.

    Thanks,
    Amanda Bray

    • Randy McClintick January 8, 2016, 8:38 am

      Amanda,

      Ballpark quotes are available through JRC’s websites. Our system will compare rates for your age and gender from companies offering life insurance in your state. If you call us, our agents can provide ACCURATE prequalified rates by running through the health and lifestyle questions found on life insurance applications. There’s no cost or obligation for this service, and it will provide you realistic expectations for what you’ll likely qualify for. Our clients appreciate this as it provides solid information to make some important family protection and budget decisions. Our toll-free line is (855) 247-9555

  • ELAINE February 3, 2016, 11:23 am

    Looking for quote for $500,000 policy no medical exam

    • Randy McClintick February 8, 2016, 3:10 pm

      Elaine,

      Thanks for your comment. The maximum “fully medically underwritten” (not just accidental death) coverage offered in most state is $400,000, but call us at 855-257-9555 and we’ll verify what you’re eligible for and explain how the application process works. We represent 40 A-rated life insurance companies and they all vary a bit.

    • Dawn April 11, 2018, 9:40 am

      I would like more information. O domt smoke i dont have cancer or diabetis am i eligible?

      • Randy McClintick April 12, 2018, 10:12 am

        Dawn,

        Thank you for contacting JRC Life Insurance and visiting our website.

        Call us at (855) 247-9555 and a licensed agent for your state will determine what type of life insurance you qualify for and which companies will offer your best prices.

  • Kaniesha Mason February 25, 2017, 10:48 am

    My mother has epilepsy my father has back problems and possibly diabetes we all have asthma except my father

    • Randy McClintick February 27, 2017, 10:12 am

      Kaniesha,

      Thank you for your request and visiting JRC’ life insurance website. We’ll be glad to help you shop for affordable life insurance for your family members. Call us at (855) 247-9555 when you care with your parents and an agent licensed for your state of residence will provide quotes in just a few minutes, and answer all your questions

  • darrell moor March 5, 2017, 2:35 pm

    I will be needing some life insurance for myself that will cover my 1 yr old. I’m just curious as to how this whole thing works and what is going to be best for me and my family

    • Randy McClintick March 7, 2017, 3:58 pm

      Mr. Moor,

      Thank you for your question and visting JRC’s life insurance website, and congratulations on your growing family!

      Most people in your situation will purchase a 20-year term life insurance policy. This covers your most vulnerable years raising a child.

      These days most parents plan to help their kids out through college age, so we’d compare a 30 year term policy. If you’re young it may not cost a whole lot more. You’re not obligate to keep it 30 years, it just means your life insurance company couldn’t change your rate for that period of time. This could become important if you developed any health issues down the road…they can’t reassess your health.

      If you’re a bit older, you could “stagger” two term policies of different term length. For instance, after chatting we determined you’d want $1,000,000 now but in 20 years $500,000 would be sufficient to cover your child’s college years and paying off your home, you could acquire a 20 year term for $500,000 death benefit, and a 30 year term with a $500,000 death benefit. Both policies are active during the first 20 years, providing a death benefit totaling $1,000,000. If you’re living in 20 years, you still have 10 years on that 30 year term, with the remaining $500,000 death benefit.

      This strategy will save your money over time, and provide additional flexibility….it’s easy to cancel one policy if things change and you determine you don’t need or can’t afford both.

      We’ll be glad to help you compare strategies, answer your questions, and email you best pricing policies for your age, health and state of residence.

      You can reach JRC at (855) 247-9555.

      Thanks again for contacting…you’re already showing you’ll be a great dad!

  • micky January 16, 2018, 3:31 pm

    Can i as foreigner get life ins in usa

    • Randy McClintick January 18, 2018, 4:56 pm

      Micky,

      Thank you for your question and visiting JRC’s life insurance website.

      Foreign nationals can be eligible for life insurance with certain types of visas. Your time in the US has bearing, and whether you’re employed or a student. Call JRC at (855) 247-9555 and we’ll determine the type and amount of life insurance you could apply for.

  • Jstones January 18, 2018, 8:19 pm

    $500,000 whole life

    • Randy McClintick January 22, 2018, 9:39 am

      Thank you for your inquiry and visiting JRC’s life insurance website.

      JRC is a fully licensed agency representing over 40 A-rated life insurance companies. Call us at 855-247-9555 when you have 10-15 minutes to chat and we’ll provide a complimentary pre-screening to determine which carriers could provide your best rates for your coverage. They have varying height/weight charts, as well as underwriting for medications, and family health history. Some, for instance, overlook family cancer history. Even a planned vacation to Mexico could affect rates, so we want to make sure you’re matched correctly for coverage you could be paying for many years.

      Are you sure you’re required to have whole life coverage? Term insurance or “Guaranteed Universal Life”, which is like term coverage but to a specific age, is generally used for buy/sell agreements and would be considerably less costly. We’ll be glad to email comparisons for yourself and business partner(s).

      JRC is located in San Diego, CA with business hours from 8am-5pm Pacific

      (855) 247-9555

      We look forward to assisting you

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