Life Insurance Rates by Age
Lock In Yours Now
On average, life insurance costs 8% more for every year you wait. Your premium is locked at the rate you qualify for today — it never increases for the life of your policy.
Sample Monthly Rates
$1,000,000 · 20-Year Term · Healthy Non-Smoker
Rates shown are representative estimates. Your actual rate depends on health class, carrier, and term length. Terry will run your exact numbers for free.
The Cost of Waiting
Buying at 35 vs. 45
Waiting 10 years for a $1M policy costs roughly $24,000 more in total premiums — for the same exact coverage.
Lock In Today's RateWhat Affects Your Rate?
Six factors determine your premium. Age is the only one that gets worse with time — the rest you can influence.
Age
The single biggest factor. Rates increase roughly 8% per year. Your premium locks in the day your policy is issued — it never goes up for the life of your policy.
Health
Recent diagnoses, chronic conditions, and medication history all affect underwriting. Carriers rate you into health classes (Preferred Plus, Standard, etc.) that determine your exact premium.
Smoking Status
Smokers pay 2–3x more than non-smokers for the same coverage. If you've quit for 12+ months, many carriers will reclassify you as a non-smoker.
Coverage Amount
More coverage means a higher premium. But often a $1M policy costs only marginally more than a $500K policy — the math favors buying more while you're young.
Term Length
A 30-year term costs more than a 10-year term — you're buying more years of coverage. Match the term to your longest financial obligation.
Policy Type
Term is the most affordable. Permanent (whole or universal life) costs more because it never expires and builds cash value. Both have the right use case.
Every Year Costs You More
Your Next Birthday Raises Your Rate
Rates are calculated from the day you apply, not the day your policy anniversary lands. Don't wait for a round number. Get your quote now and lock in today's rate.
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Other Life Insurance Options
Not sure this is the right fit? Terry will help you find what actually works for your situation.
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