Life Insurance Quotes 2020 | How Much Would You Pay?
To help you better plan how monthly premium payments for a life insurance policy could fit into your budget, Insurify’s data team has put together some quotes.
Here are some average term life insurance quotes based on the policyholder’s age and the length of the term they chose:
|Age||10-year term||20-year term||30-year term|
Term life insurance premiums don’t increase as you grow older, so buying a life insurance policy is a lot cheaper when you’re younger. If you buy a 30-year life insurance policy as a 40-year-old, you’d have to pay only about $56/month for coverage till you’re 70. But if you were to buy a 30-year life insurance policy as a 50-year-old, you’d have to pay a whopping $125/month.
As you can imagine, life insurance companies differ in how they assess risk. As such, you can expect a broad spectrum of quotes for the same life insurance policy, depending on what company you’re looking at. We’ve compiled a list of average life insurance quotes from a few different companies:
|Company Name||Monthly Quote|
|Mutual of Omaha||$51/mo|
|Legal and General||$64/mo|
|American National Insurance Company||$65/mo|
|American Family Insurance||$72/mo|
As you can see, there are many life insurance options for every type of budget. This is why you must compare life insurance quotes and policies before settling on which one you want to buy.
While this sounds like a painstaking process, it actually only takes a couple of minutes. All you have to do is use Insurify, put in some basic information, and you can compare life insurance quotes from over ten different companies all at once!
Find the perfect policy today!
Life Insurance Quotes: FAQ
How much does life insurance cost?
Contrary to popular belief, life insurance doesn’t cost an exorbitant amount. In fact, most term life policies cost only between $15 and $70 a month. This, of course, depends on many factors, such as your age, the length of your policy, and your health. But it is very easy to find an affordable life insurance policy, especially if you’re using a comparison website like Insurify.
How do I compare life insurance policies?
Comparing life insurance policies is a crucial step in making sure you have the best policy for the lowest price. Your best bet is using a comparison website like Insurify, where you can pick the terms of your desired policy and see a list of companies offering that policy along with prices. This makes comparing and buying a life insurance policy very easy and very fast.
How do I get free life insurance quotes online?
Getting free life insurance quotes online is really easy with Insurify, which lets you compare policies and prices between top life insurance companies within minutes. And don’t worry, Insurify doesn’t sell your information, so you won’t get bombarded with cold calls and emails from desperate companies.