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Free Life Insurance Quotes In Just Minutes
Life insurance is a great way to make sure your loved ones are financially secure should the unexpected happen, but it can be daunting to sort through all the options, compare prices, and read the fine print.Getting a quote is as easy as making a quick call to a SelectQuote licensed insurance agent. For 40 years, millions of customers have trusted us to secure life insurance for their families over the phone.We’ll get to know your unique situation and learn more about the coverage you’re looking for in order to match you with the right life insurance company for your lifestyle or health condition. In just minutes, we can provide life insurance quotes from some of the most trusted companies at prices that work within your budget. We know insurance can be confusing—that’s why we’re there each step along the way to answer any questions you may have.- Personal information (gender, age, height, weight, etc.)
- Health and medical information (tobacco usage, driving history, health conditions, hobbies, etc.)
- Family health history
- Previous or current coverage
- Contact info
Table of Contents
Term Life Insurance Rates
Term life insurance rates not only vary from person to person but are determined by a number of factors, including your age, gender, where you live, and your health, in addition to the length of the policy and amount of coverage.Here are some examples of average term life insurance rates:| 10 Years | 15 Years | 20 Years | 25 Years | 30 Years |
Example Rates for 10-Year Term Life Policies
| Age / Sex | $250,000 Coverage Amount | $500,000 Coverage Amount | $1M Coverage Amount |
|---|---|---|---|
| 25-Year Old Female | $8.48 | $10.81 | $14.97 |
| 25-Year Old Male | $9.76 | $13.07 | $17.77 |
| 35-Year Old Female | $8.94 | $11.83 | $16.11 |
| 35-Year Old Male | $9.85 | $13.52 | $19.49 |
| 45-Year Old Female | $15.03 | $23.70 | $37.29 |
| 45-Year Old Male | $16.79 | $26.76 | $43.33 |
| 55-Year Old Female | $28.02 | $49.64 | $89.82 |
| 55-Year Old Male | $36.73 | $67.06 | $120.84 |
Example Rates for 10-Year Term Life Policies
| Age / Sex | $250,000 Coverage Amount | $500,000 Coverage Amount | $1M Coverage Amount |
|---|---|---|---|
| 25-Year Old Female | $8.48 | $10.81 | $14.97 |
| 25-Year Old Male | $9.76 | $13.07 | $17.77 |
| 35-Year Old Female | $8.94 | $11.83 | $16.11 |
| 35-Year Old Male | $9.85 | $13.52 | $19.49 |
| 45-Year Old Female | $15.03 | $23.70 | $37.29 |
| 45-Year Old Male | $16.79 | $26.76 | $43.33 |
| 55-Year Old Female | $28.02 | $49.64 | $89.82 |
| 55-Year Old Male | $36.73 | $67.06 | $120.84 |
Table rates are based on 10-year, 15-year, 20-year, 25-year, and 30-year term policies for men and women in excellent health from one or more of the trusted companies we represent. Term life insurance rates were pulled 1/2025. Your price could vary depending on your health, issuing company, and other factors. Not available in all states.
Factors that Affect Term Life Insurance Rates
The term life insurance rates above may vary as there are many factors taken into consideration during the underwriting process that impact your term life insurance quote, such as:- Age: Your age has a significant impact on your life insurance rates, as it boils down to your life expectancy. The older you are, the more of a risk you are to the insurer, and the higher your rates are likely to be. This is why it’s important to get a term life insurance quote sooner rather than later.
- Gender: On average, men can expect to pay higher life insurance premiums than women because the average lifespan of a male tends to be shorter than that of a female.
- Health Classification: Life insurance companies use health classifications to determine your health and level of risk. Your health, height, weight, tobacco use, and family health history are all factors that determine your health classification. Some health factors that may result in higher premiums include high blood pressure, high cholesterol, HIV/AIDS and hepatitis, hypoglycemia, chronic illness, nicotine use, or recreational drug use.
Why Choose SelectQuote to Compare Life Insurance Quotes
Not only do we have 40 years of experience helping people find the right life insurance, but we also work with some of the most trusted life insurance companies in the nation. We’ll take the time to get to know your situation, provide you with free, unbiased term life insurance policy quotes, and help you find the right life insurance policy for you.At SelectQuote, we’re dedicated to:
Ensuring you know all your options before deciding on a policy
Finding the best price for the coverage you need based on your unique needs
Matching you with the best carrier for your situation
How the Underwriting Process Calculates Your Monthly Term Life Rate
The underwriting process for a life insurance policy uses several factors to calculate your monthly premium:
The Type of Policy You Choose
Term life policies are typically more affordable than permanent life policies. Term life premiums are fixed, while permanent life premiums tend to increase about 8% to 10% for every year of age.
The Amount of Benefit You Choose
When you choose a higher benefit for your beneficiaries, you can typically expect to pay a higher monthly premium.
The Length of Your Term Life Policy
The longer your term, the more expensive your life insurance quote can be. This is because the longer you have the life insurance policy, the older you get and the greater the chance the insurance company will have to pay out the death benefit.
Your Health at the Time of Purchase
Most applicants must undergo a basic medical checkup in order to secure life insurance. Some factors that might result in higher premiums include high blood pressure, high cholesterol, HIV/AIDS and hepatitis, hypoglycemia, chronic illness, nicotine use, or recreational drug use.
Your Age at the Time of Purchase
Older individuals can expect to pay a higher premium for both term and permanent life insurance.
Your Hobbies at the Time of Purchase
If you enjoy extreme sports such as hang gliding, skiing, or rock climbing, it's no surprise that you may be considered a higher insurance risk. As a result, you could face higher life insurance premiums for both term and permanent policies due to the potential dangers associated with high-risk activities and hobbies.
Your Gender
On average, women tend to live longer than men, so men can expect to pay higher life insurance rates.
How to Buy Life Insurance
Selecting the right life insurance can feel overwhelming, but SelectQuote is here to guide you through the process. It’s not just about understanding why you need coverage and the types of policies available, but also about shopping around to find the best option for your needs. We help you compare quotes from top carriers, ensuring you not only get the most competitive price but also choose a policy that fits your lifestyle. By reviewing policy details—such as coverage amounts, terms, and exclusions—you can make an informed decision that aligns with your long-term goals and financial security. Let us match you with the right carrier, so you can have peace of mind knowing you’re getting the best value for your coverage.In just minutes, we can provide free life insurance quotes to help you determine what life insurance policy is right for you and get started on the application process. Here’s a step-by-step of how the process of buying life insurance works:- Call 1-855-629-4500 or submit a quote form to get connected with one of our experienced licensed insurance agents.
- Work one-on-one with a member of our team to learn about your options for life insurance coverage.
- Compare life insurance rates and coverage options from some of the most trusted life insurance companies in the nation.
- Select the right plan for you and continue with the application underwriting and medical exam process.
When to Get Life Insurance
You want to ensure your family and loved ones are financially protected if you were to pass away unexpectedly. Life insurance can help ensure your debts are covered, day-to-day expenses are handled and that your loved ones can grieve without the burden of financial stressors.Certain major life events mean additional financial responsibilities and dependents and are ideal times to consider buying life insurance. These events can include:Starting your careerIf your family depends on your income, obtaining life insurance when you start your career is a way to ensure the best life insurance rates and provide financial protection for your loved ones if you pass away.Getting marriedYou want to ensure that your spouse is financially supported in the event of an unexpected death. If one of you were to pass away, would the other spouse’s income be enough to pay off any debts as well as cover rent, the mortgage, or utilities?Growing your familyGrowing your family means additional financial responsibilities, as well as children who depend on your income. Life insurance can prevent financial hardship that could occur with the loss of an income.Starting a businessIf you own your own business, life insurance can help pay off business-related debts or fund a buy-sell agreement, allowing a business partner to buy out your share if you pass away.Buying a homeIf you buy a house and have a mortgage to pay, a life insurance policy can help cover mortgage payments so your family doesn’t have to move in the event your income is lost.If you have any debtLife insurance can help pay for any remaining debt that you wouldn’t want to pass on to surviving family members.The Different Types of Life Insurance Policies
There are two main types of life insurance: term life insurance and permanent life insurance.While term life insurance quotes are often more affordable, there are benefits to consider when it comes to both. How much coverage you need, your current financial situation, and who is dependent on your income are just a few factors that can go into determining what life insurance type is right for you.Term Life Insurance
Term life insurance is the most popular and most affordable type of life insurance due to its simplicity and ease. As the name explains, the insurance policy lasts for a select number of years. Term life insurance policies typically range from 10-30 years. The amount of coverage you need and the term life insurance length will depend on your unique situation.While term life insurance doesn’t build up a cash value like permanent policies, it’s an easy way to gain peace of mind during the years when you’re building for retirement, paying off a mortgage, or putting away funds for your child’s college tuition. Term life insurance can ensure your loved ones are taken care of financially once you’re gone.Here are some example situations where a term life insurance policy would be a good fit.10-Year Term Life InsuranceYou want to make sure your children are financially protected until they graduate college, which is eight years from now. A 10-year term life insurance policy would fill that gap so your children had a financial cushion until they could get full-time jobs.20-Year Term Life InsuranceYou’re a young adult who just got married and wants to make sure your spouse has a financial safety net in case the worst were to happen. Buying 20-year term life insurance means you can lock in longer-term coverage at an affordable rate versus waiting until you are older.30-Year Term Life InsuranceYou and your partner just bought a house and financed it with a 30-year mortgage. A 30-year term life insurance policy would be a good fit to ensure the mortgage is covered in the event of an unexpected death.Permanent (Whole) Life Insurance
Whole life insurance is the most common type of permanent life insurance and provides a set amount of coverage for as long as you live. Similar to term life insurance, the amount of coverage you need for a whole life insurance policy depends on your personal situation. The main difference between term and whole is that whole life insurance offers lifetime coverage as long as you pay the monthly premiums and does not expire after a set number of years like term life insurance.Whole life insurance is often more expensive than term life insurance, but it does come with added permanent life insurance benefits such as a steady premium for the duration of the policy and a cash value. You can borrow against the cash value as it accrues interest over time.No Medical Exam Life Insurance
While SelectQuote makes securing a life insurance policy easy, the medical exam that comes with the application process can be one of the most intimidating parts. This 30-minute physical isn’t difficult by any means, but some individuals wish to avoid it altogether—and it’s possible to do so with a no medical exam life insurance policy such as instant term life insurance, accelerated underwriting, guaranteed issue, or simplified issue.Both simplified issue life insurance and guaranteed issue life insurance are good options if you’re between the ages of 45-85.- Instant term life insurance through SelectQuote offers up to $5 million in coverage for those in good health and age 60 years or younger. The approval process only takes about 30 minutes and doesn’t require a medical exam. If approved, coverage starts immediately.
- Accelerated underwriting life insurance options are for those in good health, generally up to age 60, and for coverage amounts under $1 million.
- For a simplified issue life insurance policy of up to $100,000, you can expect to complete a health-related questionnaire in place of the medical exam.
- For a guaranteed issue life insurance policy, you would not need to complete an exam or a questionnaire but can expect to see lower coverage options available.
What is life insurance?
Life insurance is a contract between you (the policyholder) and an insurance company. A life insurance policy is financial protection for your family and loved ones if you were to pass away, as it guarantees a sum of money to your named beneficiaries.You may have life insurance through work, but this coverage is often not enough. With financial experts recommending having life insurance coverage that’s 10-15 times your annual salary, you’ll want to make sure any policy you have offers sufficient protection for your loved ones.
What is the best type of life insurance for me?
The best type of life insurance looks different for everyone, as each type of policy has both its advantages and considerations. Term life insurance is typically a favorable option due to its simplicity and price, but there are some people who benefit most from a permanent life insurance policy.At SelectQuote, we work to ensure you get the policy that’s right for you. This means working with some of the nation’s most trusted insurance carriers and then carefully going over your options with you.
What is a life insurance quote?
A life insurance quote is an estimate of how much you’ll pay for a life insurance policy based on factors like your age, health, lifestyle, and coverage amount. It provides a breakdown of your premium costs, which may vary depending on the insurer and the type of policy you choose.
How much life insurance do I need?
The amount of life insurance needed varies from person to person. There are a few main points to consider when determining how much life insurance you need:
- How much life insurance you can afford
- Who would depend on your financial support in the event of your death
- If you have a mortgage
- How funeral expenses will be paid
- How much money you will need for retirement
- If you have children who need help paying for college
What is the average cost of life insurance per month?
On average, a 10-year term life insurance policy can cost anywhere from $9 to $50 per month for a healthy, non-smoker in their 30s, but premiums increase with age and coverage amount. Permanent life insurance policies, like whole life, tend to be more expensive, with premiums often starting at $100 or more per month.
What is the best length for term life insurance?
The ideal length of term life insurance depends on your specific financial obligations. For younger families, a 20- or 30-year term may be a good choice to ensure coverage while children are still dependent and mortgages are being paid off. If you're older or have fewer financial responsibilities, a shorter term may be sufficient.
How do I get the best quote on life insurance?
To get the best quote on life insurance, start by comparing offers from multiple insurers to ensure you're getting the most competitive price. Be honest about your health history and lifestyle, as these factors directly impact your premiums. Working with an insurance brokerage like SelectQuote can help you evaluate various options, compare quotes from top carriers, and find the best coverage for your needs at the right price.
Can I get a life insurance quote online?
Yes, you can get a life insurance quote online through a variety of platforms, including direct insurers, although an insurance brokerage like SelectQuote can help you compare rates from several carriers all in one place. Most online quote tools will ask for basic information like your age, health, lifestyle, and coverage needs to provide estimates. While online quotes are a good starting point, it's often helpful to speak with a licensed insurance agent to clarify details and ensure you’re getting the best possible coverage.
What is the most affordable type of life insurance?
Term life insurance is generally the most affordable type of life insurance. Since it provides coverage for a set period (usually 10, 20, or 30 years) and does not accumulate cash value, premiums tend to be much lower compared to permanent life insurance policies.
When is the best time to buy life insurance?
The best time to buy life insurance is as early as possible, preferably when you’re young and in good health. Premiums tend to be lower when you're younger, and buying early ensures you lock in more affordable rates.
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