18 Best Life Insurance Rates By Age

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We all want to pay the best life insurance rates so we can protect our families at the most affordable price.

With so many life insurance companies to choose from, your premium cost can be your most important decision factor when each company offers the same coverage amounts and policy terms.

Life insurance companies take many factors into consideration when providing you a quote. One of the most important factors is your age.

The best life insurance company for your child may not be the best option for you.

What Type of Life Insurance to Get

As an adult, you should only consider term life insurance.

This is your most affordable option and you can get higher coverage amounts so you’re family won’t have to worry about making ends meet if they need to redeem the policy.

Get the Longest Possible Term

To secure the lowest price possible, you should get the longest term possible; preferably 20 to 30 years.

Your monthly premiums will be higher than getting a shorter term, but you can save money long-term as your future premiums are higher when you renew.

The main reason why you should get a longer term now is that you have to go through the underwriting process when you renew your life insurance policy.

If you develop a medical condition during your current term, your rates might increase when you get a new policy as you must disclose your new condition during the underwriting interview. Depending on the condition, you may be unable to renew your life insurance.

The rate hike could have been avoided if you had opted for a longer policy term because you pay a flat-rate premium based on your health at the time you start the policy.

Don’t Rely on Employer Life Insurance

Your employer might offer life insurance for free (or nearly free) as an employee benefit.

Because you don’t know if you will change employers or they will stop offering life insurance benefits, you should also have an individual term life insurance policy of some kind.

By getting your own life insurance policy, you still have coverage if you switch jobs. Your new employer might not offer life insurance or the coverage amount might be too small for your financial needs.

If this switch happens later in your career, you might not be able to afford the coverage you want. Had you opened a policy a few years earlier, you could have qualified for a better rate and could afford a higher coverage amount.

How to Get the Best Life Insurance Rate

The underwriting process is very similar for most life insurance companies and your quote will be based largely on the following factors:

  • Age
  • Gender
  • Height
  • Weight
  • Current job
  • Current health conditions
  • Do you use tobacco or alcohol?
  • Age of your parents
  • Family health history
  • Driving record
  • Previous life insurance application history

Young adults will pay less than older adults with similar health conditions. Also, women typically have cheaper rates than men.

You will need to answer a variety of questions about your personal health and your family health history. Although, you don’t need to answer most of these questions to get an instant quote.

How Much Does Term Life Insurance Cost?

Not including your personal health, life insurance premiums are determined by three factors:

  • Your age
  • Policy coverage amount
  • Term length

When it comes to life insurance, you should get the longest policy term as soon as possible.

A 20-year-old is always going to spend less on life insurance than a 50-year-old because they are less likely to develop health issues or pass away unexpectedly.

Life insurance companies know this and the price reflects your personal health in relation to your age.

Twenty-year terms are the most popular option for most age groups because you have a good mixture of getting multi-decade coverage at a reasonable price. If possible, the shortest term you should consider is 20 years.

For a $250,000 20-year term life insurance policy, you can expect to pay the following each month based on the age your policy starts.

You might consider the sample quotes below the best life insurance rates by age for a person in excellent health and tobacco-free.

Your quote might be different than the examples listed below:

Potential Life Insurance Rates by Age

AgeMaleFemale
20$12$11
30$13$11
40$17$15
50$38$31
60$99$75
70 (10-year term)$156$106
Price quotes are for a $250,000 policy with a 20-year term for a non-smoker in excellent health.

You might decide to wait to apply if you need to improve a health condition. For example, maybe you have high blood pressure or need to lose weight to qualify for the best rate.

Or, you need to be tobacco-free for 36 months. Some life insurance companies provide detailed quotes so you know what qualifications you need to meet to get the lowest rate offered.

No Exam Medical Insurance

You may need to undergo a brief medical exam to finish underwriting.

This exam can record these vitals:

  • Height
  • Weight
  • Blood sample
  • Blood pressure
  • Urine sample

A medical professional can visit your home or office to complete the exam.

Until you turn 45 years old, you might even qualify for a no exam life insurance policy.

You may need to be in good health to qualify. However, higher coverage amounts may require an exam.

While you can skip the physical exam, your monthly premiums can be higher as the life insurance company can’t analyze your body fluids for potential health risks.

It can be worth getting quotes for both term life insurance options. The cost difference may not be as wide as you anticipate.

Best For Any Age

Because we’re all at different life stages, this article is separated into different age groups.

With most life insurance companies, it’s possible to get coverage up to age 75.

All of these companies offer term life insurance-the only life insurance product to get-so you never overpay for life insurance.

These platforms offer competitive rates for all ages but you can scroll to your current age to find additional options.

1. Ethos

Ethos uses 21st-century technology to provide a quote and get an approval decision within 10 minutes.

The application process is 100% online and you can apply if you’re between ages 20 and 65. Unfortunately, New York residents cannot apply on this platform.

According to the service, most applicants can waive the in-person medical exam.

People in excellent health can qualify for a no exam policy. Each applicant is underwritten on an individual basis and you will need to submit an application first.

If you’re on a budget and need something, it’s possible to get a policy for as low as $8 a month. It might only be enough coverage to pay for common funeral expenses and a few bills, but it’s better than nothing at all.

Why We Like It

  • No exam policies are available
  • Coverage amounts up to $1.5 million
  • 10, 15, 20 and 30-year term lengths

Trustpilot score: 4.5 out of 5

Read our Ethos review to learn more.

2. Policygenius

Policygenius can make comparing life insurance prices easy because you can compare multiple life insurance providers at once.

You enter your basic personal information and you see an initial quote from several providers. It’s also possible to get personalized quotes as you will enter questions about your monthly expenses and current savings habits.

After choosing the provider, you will start the underwriting process, so your actual quote might increase depending on your personal health factors.

Even though Policygenius is a life insurance search engine, you won’t pay extra if you go through them instead of directly through the life insurance company.

Life insurance rates are regulated and most have the same price on every marketplace.

Why We Like It

  • Compare quotes for multiple companies with one search
  • No hidden fees
  • Can get personalized quotes

Trustpilot score: 4.7 out of 5

3. Haven Life

Up until age 45, you can qualify for the Haven Life InstantTerm policy that doesn’t require a medical exam. The no-exam policies have a maximum $1 million death benefit.

You can receive an instant policy decision and your policy has the backing from MassMutual which has an A++ financial rating from A.M. Best.

This is the best rate possible from A.M. Best which is a leading insurance rating company.

For a 20-year-old male in excellent health, a $250,000 20-year term costs $16.81 per month. You can also apply for coverage from MassMutual, but you can expect to pay the same rate as you will with Haven Life.

It’s also possible to get up to $3 million in coverage, just in case you need that much.

Why We Like It

  • Can get coverage between ages 18 and 65
  • Coverage amounts up to $3 million
  • 10, 15, 20 and 30-year terms

Trustpilot score: 4.8 out of 5

Read our Haven Life review to learn more.

4. JRC Insurance Group

JRC Insurance makes comparing life insurance quotes easy in each US state.

Their fee-free, online tool helps you compare 50 companies. Plus, their agents can help you narrow down choices even further based on your specific needs.

Policies can have a 10, 15, 20, 25 or 30-year term. There are also permanent policies available.

Why We Like It

  • Compare quotes from up to 50 companies
  • Flexible coverage terms
  • Available in all 50 states

Trustpilot score: 4.9 out of 5

5. Bestow

If you only want to compare quotes for no medical exam term life insurance, Bestow is one of the best options. You can apply when you’re between ages 18 and 60.

Coverage terms between 10 and 30 years are available. You can apply for a coverage amount between $50,000 and $1.5 million.

Monthly premiums start at $10 which is higher than exam-required term life but affordable for many households.

Why We Like It

  • Only offers no exam coverage
  • Coverage terms up to 30 years
  • Can qualify when you’re between 18 and 30 years

Trustpilot score: 4.8 out of 5

Read our Bestow review to learn more about no exam life insurance.

Best for Young Adults: Ages 20-29

Many life insurance companies won’t issue you a life insurance policy until you become a legal adult at age 18, but some companies won’t begin issuing policies until you turn 20.

Your 20s, preferably your early 20s, is the ideal time to get the best life insurance rates possible. Even though you feel like you’re invincible now, wait until you enter another decade of life or have a family.

Taking the time to get a personal life insurance policy now that’s at least a 20-year term is a good idea. In many cases, you might only pay $10 to $20 a month for coverage. On a 20-year $250,000 term, you may only pay up to $15 a month.

And, because you’re still young and sprightly you will most likely qualify for a no exam policy which saves you time.

You should either consider getting a 20-year or 30-year term if you’re in your 20s. Your life will change a lot in the next two decades, especially if you’re single and plan on getting married and having a family of your own!

6. Protective

You might like Protective because they offer an accidental death benefit rider. The rider can increase your death benefit and can be a good option if you have a high-risk job or lifestyle.

This add-on rider costs extra but when you’re in your 20s, you’re more likely to die accidentally than from poor health.

In addition to add-ons, policy terms up to 40 years are available with a maximum $50 million benefit amount.

Even if you’re almost ready to turn 30, you can still get up to $500,000 in coverage for $9.43 as a 30-year-old male with Protective.

If the big 3-0 is approaching soon, it’s not too late to apply and lock in a low rate for the next decade.

Why We Like It

  • Policy terms up to 40 years
  • Coverage amounts up to $50 million
  • Can add riders

Trustpilot score: N/A

7. Banner Life

With Banner Life, you can get policy terms up to 40 years. You can also speak with an agent to answer your question to choose the best coverage.

Monthly premiums start at $7 for a $100,000 coverage amount. This rate is competitive with other competitors.

You can obtain up to $10 million in coverage. As a young adult, you most liekly won’t need this much coverage but you can apply for larger policies in the future as your net worth grows.

Why We Like It

  • Policy terms up to 40 years
  • Coverage amounts up to $10 million
  • Can add child riders as your family grows

Trustpilot score: 4.3 out of 5

8. Pacific Life Insurance

You might also consider the Pacific Promise term life insurance product from Pacific Life.

They have an A+ financial rating from A.M. Best. This is one of the highest ratings a provider can receive.

You will need to speak with a local agent to get a quote. Policy terms up to 30 years are available.

Why We Like It

  • Policy terms up to 30 years
  • Can speak with a local agent

Trustpilot score: N/A

Best for Families: 30-49 Years Old

Although your life insurance rates will still be lower when you’re closer to 30 than 50, your life goals can be very similar in your 30s and 40s.

At this stage in life, you have more financial obligations than you did as a recent college graduate.

Consider getting a life insurance policy to cover the following expenses:

  • Your home mortgage
  • Education costs for your children
  • Any other loans you currently owe like car loans or credit cards
  • Replacement income for at least one year

For most 30 and 40-somethings, your most affordable option will still be a 20-year term policy.

Having a 20-year policy will get you through your key employment years so you can focus on raising your family and saving for retirement.

9. AIG

Although the other life insurance options offer competitive rates, AIG tends to be a better option if you need a higher policy amount such as a $500,000 coverage amount. 

You can get term life insurance policies up to 35 years in duration with AIG which might still be an option if you’re in your early 30s or late 20s and can afford the higher monthly premiums.  

AIG is also one of the largest insurers in the world which can give you peace of mind. They provide additional insurance products you might like as well.

If you’re a 30-year-old male who needs a $500,000 policy with a 20-year term, your monthly rate will be approximately $20. This is for a non-smoker applicant in excellent health.

Why We Like It

  • Coverage terms up to 30 years
  • One of the largest insurance companies

Trustpilot score: N/A

Quickly compare life insurance quotes with Policygenius.

10. Sproutt

Sproutt offers traditional term life and exam-free term life products. Consider this platform if you pursue a healthly lifestyle to qualify for a lower rate.

During the quote process, the service analyzes your quality of life to offer a potentially lower rate.

Some of the lifestyle factors include:

  • Exercise habits
  • Sleep and rest
  • Diet
  • Emotional health

The company is an independent broker and can match your lifestyle and needs with several providers to find the best offers.

Why We Like It

  • Analyzes your lifestyle
  • Partners with several life insurance companies
  • No exam policies are available

Trustpilot score: 4.7 out of 5

11. Mutual of Omaha

Mutual of Omaha also offers competitive term life insurance rates. They currently offer life insurance coverage up to age 80, so you can truly have a Mutual of Omaha policy for your entire lifespan.

You can qualify for a no exam policy with coverage amounts up to $100,000. The minimum coverage amount from Mutual of Omaha is $25,000 which can cover your basic funeral expenses.

A 30-year-old male can get a $500,000 policy for approximately $24 per month. This rate is on par with other life insurance companies for similar coverage.

Why We Like It

  • Coverage terms up to 30 years
  • No exam policies are available

Trustpilot score: 2.3 out of 5 (due to complaints about home mortgage customer service)

12. SBLI

SBLI, short for Savings Bank Life Insurance Company of Massachusetts, offers term life insurance with gimmick-free, straightforward protection.

It’s possible to get no exam coverage amount up to $750,000 when you’re between age 18 and 60.

You might also like them because they are customer-owned. Since they only offer life insurance, they don’t have to inflate prices to subsidize their other less-profitable insurance products.

Why We Like It

  • No exam coverage up to $750,000
  • Flexible coverage options
  • Excellent financial strength rating

Trustpilot score: 4.3 out of 5

Best When You’re 50: 50-59

You can see a sizeable jump in premium costs when you turn 50.

For example, that same 20-year $500,000 policy you paid $21 a month for as a 30-something now costs $100 a month. Ouch.

Dave Ramsey fans will know that in your 50s, your goal should be to become self-insured.

For example, instead of having a $500,000 life insurance policy, you have $500,000 of cash reserves you can pull from without paying a monthly life insurance premium.

You’re not getting any younger and your term life insurance rates will be even higher when you turn 60. You might not be fully self-insured yet, but you should do everything possible to reach that milestone.

Now that you’re above 50, you will need to pay closer attention to your quote if you take one of the following medications:

  • Cholesterol medication
  • High blood pressure medication

Being on these medications can increase your monthly premium. Don’t forget that it’s still not too late to get paid to exercise to reduce your life insurance premium costs.

13. Lincoln Financial Group

You can complete the process with a phone interview and potentially qualify for a no exam policy up to age 60 with a $1 million coverage amount.

The no lab work option is quite impressive since many life insurance companies begin requiring this for any applicant older than 45.

A 20-year, $500,000 for a 50-year-old male can cost $101 per month.

Why We Like It

  • No lab work coverage until age 60
  • High coverage amounts
  • Several term life coverage options

Trustpilot score: N/A

14. Fabric

Your 50s are a great time to start estate planning and making sure you have adequate life insurance. Fabric can help you accomplish both tasks.

Term life insurance is available with a coverage term up to 20 years. Coverage amounts are between $100,000 and $5 million.

You can also make a free online will to help your family navigate the future.

Why We Like It

  • Up to $5 million coverage amounts
  • Free online wills
  • Estate planning tools

Trustpilot score: 4.8 out of 5

15. John Hancock

Maybe you like keeping your nest egg and life insurance all under one roof. John Hancock is well-known for its wealth and legacy planning services and they also offer competitive life insurance quotes.

Regarding their life insurance, John Hancock offers fitness-based rewards that reduce your premium costs with the following health-related activities:

  • Exercising
  • Eating well
  • Meditating
  • Practicing good sleep habits

You can save up to 15% on your annual premium and save up to $600 on groceries with their Vitality Plus incentive program.

You can even earn a free Apple Watch after a $25 initial payment and regularly exercising too.

Why We Like It

  • High coverage limits
  • Coverage terms up to 30 years
  • Wellness rewards program

Trustpilot score: 4.2 out of 5

Best Rates for Seniors: 60+

You’re nearing retirement or already there when you reach your 60s. Life insurance in your 60s and 70s will be notably more expensive than in previous decades and you might be age-limited.

Life insurance companies might cancel your term life coverage once you reach age 80 and may only offer a 10 or 15-year term depending on your current age.

Because term life insurance for seniors costs so much, you should consider getting a shorter policy or smaller coverage amount to keep your costs to a minimum.

You may decide to get enough life insurance to cover the following expenses:

  • Funeral and burial
  • Medical expenses
  • Pension replacement
  • Estate taxes

In previous years, term life insurance was your tool to provide your family with replacement income.

Now, you might need life insurance to make sure your spouse doesn’t need to come out of retirement or leave your children with a financial burden.

As a senior, you will see plenty of offers for guaranteed universal protection. This is a form of permanent or whole life insurance so avoid these plans.

Stick with a term policy and deposit the difference in a high-yield bank account to gain above-average interest with easy access to your cash.

16. Assurity

Assurity offers individual term life insurance in every state except New York.

You may only be able to get a 10-year term, but you can potentially get $200,000 in coverage for only $102 a month.

They also provide life insurance for Ethos too. Either company will give the same quote because of insurance regulations.

Why We Like It

  • Flexible coverage options
  • Longstanding reputation

Trustpilot score: 3.4 out of 5

17. Prudential

Prudential is another reputable and large life insurance company.

They also offer very competitive rates for seniors need a 10-year term policy, although they aren’t always the most affordable for younger adults.

As a 60-year-old needing a 10-year term with $250,000, your monthly rate might only be $81.

Jumping to a 20-year plan with similar coverage can cost $165 which is higher than other insurance providers for a 20-year term.

Although you can get longer terms with Prudential, they might be a better option if you’re only in the market for a 10-year term.

Why We Like It

  • Several coverage options
  • Coverage amounts of $1 million or more
  • Can add riders

Trustpilot score: 1.4 out of 5 (due to customer service complaints)

18. Foresters Financial

Many people regard Foresters as being one of the best life insurance providers for seniors.

They also have a more flexible accelerated death benefit rider for critical, chronic and terminal illnesses. Other life insurance companies might charge additional fees for these benefits.

Foresters Financial is also more generous with offering coverage to seniors than other life insurance companies too. But you should compare rates to see which provider has the lowest cost.

Why We Like It

  • Can include accelerated payout benefits for free
  • Can be retiree-friendly
  • Flexible coverage terms

Trustpilot score: 2.5 out of 5 (due to clunky online dashboard)

Best Life Insurance Rates for Smokers

Smoking and chewing tobacco have many negative financial and health benefits, and you will pay higher premiums as a regular tobacco user.

As a tobacco user, your life insurance rates can vary widely because you have less negotiating leverage.

While you should strive to be tobacco-free, it doesn’t mean you can’t get low-cost term life insurance still. Some insurance companies are more receptive to tobacco use than others.

Every insurance company quotes tobacco users differently as it can depend on what type of tobacco you use.

Depending on how the type of tobacco and how frequently you use it, you might be classified as a “Preferred Smoker” instead of a “Standard Smoker.”

Your rates will still be higher than non-smokers yet lower than regular cigarette users.

If you can kick the habit, your rate can be prorated depending on how many years you’ve been tobacco-free.

In most cases, you need to be tobacco-free for at least three years, but some companies might require five years of cessation.

Current Tobacco Users

If you currently use tobacco or even smoke occasionally, your best option for finding term life insurance might be Policygenius to compare quotes at the same time.

During the questionnaire, you will be asked some of the following questions:

  • Type of tobacco used (cigarettes, e-cigarettes, cigars, pipe, chewing tobacco)
  • Last month you used tobacco
  • How many times a day you use tobacco
  • Do you use any tobacco cessation products like nicotine patches or gum?

Your rates will be notably higher if you remain an active tobacco user. For example, instead of paying $13 a month as a 20-year-old, you might pay $44 per month.

Overall, Banner Life is one of the most affordable life insurance companies for tobacco users, but other providers might offer lower rates if you use chewing tobacco or pipe tobacco instead of cigarettes.

Or, you can also consider Sagicor as they are more flexible with tobacco users too.

Previous Tobacco Users

Even if you only quit using tobacco a year ago, it possible to get a significantly lower rate. It won’t be as low as a non-smoker in excellent health, but you’ll still be financially happy that you kicked the habit.

Tobacco-Free For One Year

If you pay $44 a month as an active user, you might only pay $20 a month if you’re tobacco-free for an entire year.

This is one of those cases that it might make sense to wait a few months to get term life insurance if it means your rates can drop 50% overnight.

Banner Life Insurance will probably be your best option still for being tobacco-free for at least a year.

Tobacco-Free For Over Three Years

If you haven’t touched any form of tobacco in at least three years, you can begin qualifying for non-tobacco user rates again.

Some life insurance companies might require you to be tobacco-free for at least five years, so get multiple quotes just to make sure you don’t overpay.

FAQs

Term life insurance is a very simple concept, but you still have lots of options that can cause wide price swings.

These questions and answers can help you understand term life insurance so you pick the right provider, term length, and coverage amount.

What is Term Life Insurance?

There are two different types of life insurance, term and permanent life insurance.

Term life insurance is a lot like renting an apartment after your lease expires you move out and don’t get any of your rent money back because you don’t accumulate equity.

With term life insurance, you choose how many years you want to make payments. This is called your term.

If you choose a 20-year term, you make the same monthly payment for 20 years and don’t get a refund when the term ends because term life insurance doesn’t build cash value.

With permanent life insurance, sometimes called whole or universal life insurance, your policies build cash value but your monthly payment is always notably higher.

In most cases, you’re better off financially to get a lesser-priced term policy and invest the price difference to earn more money.

How Long Do Term Life Insurance Policies Last?

You usually have five options for how long your life insurance policies last:

  • 10 years
  • 15 years
  • 20 years
  • 25 years
  • 30 years

Some companies might offer a one-year or 40-year term, but the most commonly chosen terms are 10, 15 or 20 years.

After your current term ends, you will need to reapply for a new term life insurance policy. Your age, personal health conditions, term length and policy amount are factors for your new rate.

Is 10 Year or 20 Year Term Life Insurance Better?

In almost every case, longer terms are better for life insurance. At first glance, you might think a 10-year term is a perfect option because your monthly rate might only be $8.

For a 20-year term with the same coverage amount, you might pay $13 a month.

With life insurance, you’re guaranteed to pay higher rates when you get a new policy in 10 years. This is the case even when your health situation doesn’t change.

Life insurance companies might also increase rates in general due to inflation and market factors.

Even though you pay more for a 20-year term, you can actually save money by not renewing your policy in each decade of life.

The price difference might not be as steep when you compare the rates when your 20 and 30, but can differ significantly the older you get.

Ten-year terms can be a better option for the following reasons:

  • You can’t afford a 15 or 20-year term insurance rate
  • Can significantly reduce your coverage amount in ten years and will pay a lower premium

Twenty-year terms are very popular for several reasons:

  • Peace of mind because you pay the same rate for two decades (no matter what happens to your health)
  • Hedge against higher monthly rates if you renew every 10 years
  • Can focus more on building savings so you don’t need a replacement policy in 20 years

If you want total peace of mind and can afford the extra monthly payment, a 30-year payment can be your best option.

However, it’s also one of the least popular life insurance terms because the monthly premium can rapidly increase.

How Can I Get The Cheapest Life Insurance?

There are several factors that go into getting the best life insurance policy at the cheapest price.

Compare Life Insurance Quotes

One of the best actions you can take is to compare life insurance quotes for term life insurance. You can get several instant quotes in a few minutes so comparison shopping is extremely easy thanks to the Internet.

If a company offers no exam policies, ask if these life insurance plans charge a higher rate in lieu of the exam.

It’s also a good idea to try several different coverage amounts to see if the insurance company charges the same amount for two different coverage amounts.

Apply As Early As Possible

You will get the best rates the younger you are. Your rates might remain very similar until you turn 35, but the monthly premium will incrementally increase each year of life.

Getting coverage as soon as possible also guarantees you’re still in excellent health. You might develop a strange medical condition that can increase your rates sharply or even disqualify you for coverage.

Although these odds are relatively low as a young adult, life can throw a curveball when we least expect it. Waiting can truly mean the difference between having coverage and not being able to get life insurance.

Stay Healthy

Besides your age, your personal health is the next most important factor in determining your quote. Your rates might increase for the following reasons:

  • Have a lifelong medical condition like asthma or diabetes
  • Are overweight, have a high BMI, or high blood pressure or cholesterol readings
  • Take prescription medication
  • Use tobacco or alcohol on a regular basis
  • Your parents die prematurely from a medical disease

Regular diet and exercise can be the two best remedies for remaining in excellent health.

Avoid Extreme Sports and Risky Jobs

If you regularly participate in extreme sports like skydiving or scuba diving, your rates might increase too. The same can be said if you have a risky job.

Insurance companies offer the best rates to clients who are the least likely to file a claim. In this case, the applicants who are less likely to die from unnatural causes.

Be Responsible in Life

Several life insurance companies also factor your driving history and credit history into the life insurance quote too.

If you have several speeding tickets or at-fault accidents, you are more at-risk of being injured or killed. Having excellent credit, along with an excellent health history and lifestyle to get the lowest rate too.

Don’t Add Riders

Life insurance companies will also offer multiple add-ons called riders. Some of the possible riders include:

  • Child riders (insure your children on the same policy)
  • Spouse riders (insure your spouse on the same policy)
  • Accidental death
  • Premium waived for six months if you become disabled

These riders provide additional coverage and can be cheaper than getting an additional policy for your spouse, but these riders aren’t free. In most cases, you probably won’t need these riders so it’s better to save your money.

Summary

People with excellent health will always have the best life insurance rates for their age group.

Even though there are dozens of life insurance companies with competitive rates, you should still get quotes from multiple providers to make sure you get the best rate.