Term Life Insurance Rates by Age (2025)

Term life insurance rates, based on age, tell an important story: The longer you wait to buy, the more you’ll pay. While it’s straightforward protection — you choose how long you need coverage (the term) and how much your loved ones would receive if something happened to you — age matters more than almost any other factor in determining your cost.

This article will help you break down the real coverage costs, how to find the best rates, and determine whether term life insurance makes sense for you.

How much does term life insurance cost?

Most people think life insurance costs a fortune. In fact, 72% overestimate the price, according to the 2024 Insurance Barometer Study by Life Happens and LIMRA.1 But instead, young adults in their 20s and early 30s often pay less than the cost of a monthly streaming subscription for life insurance. People in their 50s can pay four or five times more.

Your age and health history largely determine what you’ll pay, but term life insurance is the most budget-friendly option for protecting your family.2

Term life insurance costs by age

Term life insurance policies have different coverage lengths, and the longer the term, the more you’ll pay each month. The higher rate makes sense because the insurance company has more time when it might need to pay a death benefit.

Here’s a look at rates for different term lengths, ages, and coverage amounts. Click on the tabs to toggle between male and female rates to see specific coverage costs.

10-year term life insurance rates

A 10-year term could be your best chance to keep your monthly cost as low as possible. Check out the rates below, switching between men’s and women’s rates by clicking the tabs.

15-year term life insurance rates

A 15-year term gives you 50% more time than a 10-year policy while still keeping rates reasonable. Use the tabs below to toggle between men’s and women’s rates.

20-year term life insurance rates

A 20-year term is common for families since it often lines up perfectly with major life events, like raising kids or paying off a mortgage. Click the tabs below to view rates for men and women.

25-year term life insurance rates

If you want extended protection, consider a 25-year term. Browse the rates below, using the tabs to switch between premiums for men and women.

30-year term life insurance rates

These longer common term policies protect your family for three decades of your life. Check out the rates below, using the tabs to compare men’s and women’s prices.

Factors that affect the cost of term life insurance

Several factors influence what you’ll pay for a term life insurance policy. Insurers look at the full story of your life — your health, what you do for work, even your weekend hobbies — to determine your premiums.

Here you’ll see how common factors can increase or decrease your monthly premium.

How to save on term life insurance

You have more control over your term life insurance costs than you think. Here’s how to keep more money in your pocket when you're buying life insurance:

• Buy early. Get coverage while you’re young to lock in lower rates.

• Prioritize health. Quit smoking, maintain a healthy weight, and manage medical conditions to access better rates.

• Compare quotes. Insurance companies view risks differently. Shopping around helps you find the best deal.

• Pay annually. Some insurers offer a discount when you pay for the whole coverage year up front.

• Consider group insurance. Group life insurance through your employer may be less expensive, but coverage typically ends if you leave your job.

• Right-size your coverage. Calculate your family’s needs to avoid overpaying.

Alternatives to term life insurance

Sometimes term life isn’t your best fit — especially if you want coverage that lasts your entire lifetime or builds cash value over time. The good news is you’ve got other life insurance options.

Whole life insurance sticks with you for life and builds up cash value that can grow through the years. You’ll pay more for it than term insurance, but your coverage never expires. Universal life insurance, another option, gives you more wiggle room because you can adjust your payments and coverage as your needs change.

You could also “self-insure.” Instead of paying premiums to a life insurance company, you build your own safety net through saving and investing. If you have the discipline to save consistently and are comfortable managing finances, this approach gives you complete control over your money. But it takes time to accrue enough savings to match what insurance would provide.

Buy life insurance as soon as someone depends on your income. The younger you start, the less you’ll pay — plus, you’ll have a better chance of qualifying for life insurance before any serious health issues pop up.

Term life insurance rates by age FAQs