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.
In this insider's guide we've provided sample quotes for $250,000, $500,000, $750,000, and $1 million of life insurance, and valuable tips to help you determine how much coverage you need.
Let’s start with looking at some sample quotes for 10, 15, 20, 25, and 30 year term life insurance policies, the explanation of the term lengths, and the medical exam requirements you might have to incur for the level of coverage you need to protect your family or business.
Here’s what we'll cover in this post:Quick Article Guide
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, but 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.
Face Value | $250,000 | $500,000 | $750,000 | $1,000,000 |
30-Years-Old | $9.54 | $13.04 | $15.90 | $17.71 |
40-Years-Old | $11.64 | $16.86 | $22.16 | $26.16 |
50-Years-Old | $23.15 | $39.69 | $56.68 | $68.69 |
60-Years-Old | $56.44 | $102.91 | $151.34 | $194.86 |
70-Years-Old | $167.44 | $294.56 | $438.81 | $555.06 |
80-Years-Old | $750.66 | $1,455.46 | $2,180.16 | $2,841.46 |
*All quotes are based on a monthly premium and valid as of 09/15/23. 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.
Face Value | $250,000 | $500,000 | $750,000 | $1,000,000 |
30-Years-Old | $10.04 | $14.29 | $17.80 | $21.83 |
40-Years-Old | $12.94 | $19.81 | $26.70 | $33.14 |
50-Years-Old | $30.10 | $52.81 | $76.09 | $96.36 |
60-Years-Old | $71.89 | $131.81 | $194.69 | $253.86 |
70-Years-Old | $233.69 | $439.16 | $655.71 | $855.16 |
80-Years-Old | $1,145.00 | $2,240.00 | $3,360.00 | $4,290.00 |
*All quotes are based on a monthly premium and valid as of 09/15/23. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some age brackets.
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.
Face Value | $250,000 | $500,000 | $750,000 | $1,000,000 |
30-Years-Old | $12.33 | $18.81 | $24.40 | $29.52 |
40-Years-Old | $17.29 | $28.30 | $39.48 | $48.73 |
50-Years-Old | $38.08 | $66.36 | $96.51 | $125.56 |
60-Years-Old | $104.77 | $183.81 | $272.69 | $354.16 |
70-Years-Old | $406.90 | $790.21 | $1,181.48 | $1,518.76 |
80-Years-Old | $1,312.50 | $2,575.00 | $3,862.50 | $4,990.00 |
*All quotes are based on a monthly premium and valid as of 09/15/23. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some age brackets.
25 Year Term $250,000 - $1,000,000 Sample Quotes
This policy is the least common term length that we sell. Most people purchase these policies for the purpose of income replacement or mortgage protection. After the age of 60, very few companies continue to offer this term..
Face Value | $250,000 | $500,000 | $750,000 | $1,000,000 |
30-Years-Old | $15.60 | $24.72 | $33.26 | $42.76 |
40-Years-Old | $24.20 | $41.65 | $59.00 | $76.38 |
50-Years-Old | $57.80 | $102.51 | $149.95 | $199.35 |
60-Years-Old | $200.65 | $380.47 | $566.89 | $678.67 |
70-Years-Old | $528.50 | $1,051.50 | $1,577.25 | $2,087.00 |
80-Years-Old | $1,562.50 | $3,120.00 | $4,677.50 | $6,135.00 |
*All quotes are based on a monthly premium and valid as of 09/15/23. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some age brackets.
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.
Face Value | $250,000 | $500,000 | $750,000 | $1,000,000 |
30-Years-Old | $17.90 | $29.30 | $40.11 | $50.86 |
40-Years-Old | $28.00 | $49.20 | $70.04 | $91.45 |
50-Years-Old | $67.11 | $124.76 | $183.35 | $238.35 |
60-Years-Old | $267.50 | $505.00 | $757.50 | $940.00 |
70-Years-Old | $574.00 | $1,141.50 | $1,712.25 | $2,265.00 |
80-Years-Old | $1,370.00 | $2,695.00 | $4,042.50 | $5,230.00 |
*All quotes are based on a monthly premium and valid as of 09/15/23. Quotes are for a male, in excellent health, non-smoker, and are subject to change. GUL rates may be displayed for some age brackets.
If you're 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 a 30 to 60 year old applicant applying for $ 500,000 or up to $1,000,000 in coverage, to undergo the following:
- A Phone Interview with Health Questions
- Prescription History Check
- Medical Information Bureau Inquiry
- Review of your MVA report and Criminal Record
But if you just turned age 61, the insurer will require the following:
- A Free Medical Exam
- Blood Profile Analysis
- Home Office Urine Specimen
- Resting EKG
- Prescription History Check
- Medical Information Bureau Inquiry
- An Attending Physician Statement
- Review of your MVA report and Criminal Record
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 24 hours.
Now, not every life insurer provides no-medical exam coverage policies. Also, most companies don’t provide policies much greater than between $500,000 - $1,000,000 in coverage, but here at JRC we know one carrier that will provide a no-medical exam policy with up to $2,500,000 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!

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.
Ask Our Experts
Leave your question below and one of our insurance agents will give you a detailed answer.
Questions From Our Visitors
Some of the questions we received from our website visitors:
Need term life quote. Thanks, Amanda Bray
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
Looking for quote for $500,000 policy no medical exam
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.
My mother has epilepsy my father has back problems and possibly diabetes we all have asthma except my father
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
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
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!
Can i as foreigner get life ins in usa
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.
$500,000 whole life
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
I'd like to pose my question as a hypothetical.......If I'm ready to purchase a term life policy ( $250,000.00 ) immediately (24-48 hrs), is my expectation realistic? If so, what's the monthly premium cost? (approx. range.......lowest price.......highest price) Thank you.
Donna, Thank you for your question and visiting JRC's life insurance site. You could be covered for accidental death almost immediately. There is medical underwriting, even with a "no exam" application. The insurer will generally check the pharmacy prescription database, dmv records, etc. If you're young and healthy, we've seen a turnaround in a few days at the fastest. We'd need to speak to you to quote accurately, as policy costs vary upon these factors as well as which carriers do business in your state of residence. We should be able to provide accurate, no obligation quotes in 10-15 minutes. If all you need is an accidental death policy, the cost is around $12 per month per $100,000 in coverage, and can be cancelled whenever you choose. JRC's toll-free number is (855) 247-9555.