Good news: at 23, term life insurance is about as cheap as it gets. Locking in a rate now means you'll pay less for years to come. The tables below show monthly premiums starting as low as $7.76/mo, covering 24 coverage amounts and five term lengths. Every rate is based on real quotes from leading life insurance carriers.
Male Rates — Age 23
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $8.25 $99/yr | $8.44 $101/yr | $9.57 $115/yr | $11.78 $141/yr | $12.26 $147/yr |
| $200K | $10.04 $120/yr | $10.42 $125/yr | $12.65 $152/yr | $16.90 $203/yr | $17.82 $214/yr |
| $300K | $12.44 $149/yr | $13.29 $160/yr | $14.55 $175/yr | $22.57 $271/yr | $23.24 $279/yr |
| $400K | $13.96 $168/yr | $15.30 $184/yr | $17.14 $206/yr | $27.97 $336/yr | $28.59 $343/yr |
| $500K | $16.21 $195/yr | $18.13 $218/yr | $20.27 $243/yr | $30.34 $364/yr | $34.01 $408/yr |
| $600K | $18.12 $218/yr | $20.54 $246/yr | $23.11 $277/yr | $35.19 $422/yr | $39.59 $475/yr |
| $700K | $20.02 $240/yr | $22.95 $275/yr | $25.95 $311/yr | $40.04 $480/yr | $45.18 $542/yr |
| $800K | $21.91 $263/yr | $25.12 $301/yr | $28.79 $345/yr | $44.89 $539/yr | $50.69 $608/yr |
| $900K | $23.80 $286/yr | $27.32 $328/yr | $31.31 $376/yr | $49.74 $597/yr | $56.23 $675/yr |
| $1M | $24.64 $296/yr | $28.55 $343/yr | $34.57 $415/yr | $50.93 $611/yr | $58.88 $707/yr |
| $1.1M | $26.54 $318/yr | $30.77 $369/yr | $37.41 $449/yr | $55.42 $665/yr | $64.13 $770/yr |
| $1.2M | $28.44 $341/yr | $32.99 $396/yr | $40.26 $483/yr | $59.90 $719/yr | $69.38 $833/yr |
| $1.3M | $30.33 $364/yr | $35.20 $422/yr | $43.11 $517/yr | $64.39 $773/yr | $74.63 $896/yr |
| $1.4M | $32.23 $387/yr | $37.42 $449/yr | $45.96 $552/yr | $68.87 $826/yr | $79.88 $958/yr |
| $1.5M | $34.13 $410/yr | $39.64 $476/yr | $48.65 $584/yr | $73.71 $885/yr | $84.95 $1,019/yr |
| $1.6M | $36.02 $432/yr | $41.86 $502/yr | $51.49 $618/yr | $78.22 $939/yr | $90.19 $1,082/yr |
| $1.7M | $37.92 $455/yr | $44.07 $529/yr | $54.33 $652/yr | $82.73 $993/yr | $95.43 $1,145/yr |
| $1.8M | $39.82 $478/yr | $46.29 $555/yr | $57.17 $686/yr | $87.24 $1,047/yr | $100.67 $1,208/yr |
| $1.9M | $41.72 $501/yr | $48.51 $582/yr | $60.00 $720/yr | $91.74 $1,101/yr | $105.91 $1,271/yr |
| $2M | $43.61 $523/yr | $50.72 $609/yr | $62.84 $754/yr | $96.25 $1,155/yr | $111.14 $1,334/yr |
| $2.5M | $52.64 $632/yr | $62.92 $755/yr | $77.49 $930/yr | $119.26 $1,431/yr | $137.63 $1,652/yr |
| $3M | $62.04 $744/yr | $74.60 $895/yr | $91.77 $1,101/yr | $141.89 $1,703/yr | $163.87 $1,966/yr |
| $3.5M | $71.43 $857/yr | $86.04 $1,033/yr | $106.06 $1,273/yr | $164.53 $1,974/yr | $190.12 $2,281/yr |
| $4M | $80.83 $970/yr | $97.42 $1,169/yr | $120.34 $1,444/yr | $187.16 $2,246/yr | $216.37 $2,596/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $10.35 $124/yr | $11.08 $133/yr | $12.44 $149/yr | $14.35 $172/yr | $17.03 $204/yr |
| $200K | $13.92 $167/yr | $15.67 $188/yr | $18.22 $219/yr | $22.01 $264/yr | $27.67 $332/yr |
| $300K | $17.71 $213/yr | $18.95 $227/yr | $22.87 $274/yr | $30.13 $362/yr | $36.07 $433/yr |
| $400K | $21.26 $255/yr | $23.01 $276/yr | $28.46 $342/yr | $38.08 $457/yr | $45.77 $549/yr |
| $500K | $24.81 $298/yr | $27.21 $327/yr | $31.31 $376/yr | $45.15 $542/yr | $54.13 $650/yr |
| $600K | $28.42 $341/yr | $31.44 $377/yr | $36.36 $436/yr | $52.96 $636/yr | $63.59 $763/yr |
| $700K | $32.02 $384/yr | $35.66 $428/yr | $41.40 $497/yr | $60.78 $729/yr | $73.03 $876/yr |
| $800K | $35.63 $428/yr | $39.89 $479/yr | $46.45 $557/yr | $68.59 $823/yr | $82.47 $990/yr |
| $900K | $39.24 $471/yr | $44.12 $529/yr | $51.50 $618/yr | $76.40 $917/yr | $91.91 $1,103/yr |
| $1M | $38.83 $466/yr | $48.46 $581/yr | $56.64 $680/yr | $79.73 $957/yr | $93.81 $1,126/yr |
| $1.1M | $42.05 $505/yr | $52.69 $632/yr | $61.70 $740/yr | $87.09 $1,045/yr | $102.55 $1,231/yr |
| $1.2M | $45.26 $543/yr | $56.93 $683/yr | $66.76 $801/yr | $94.46 $1,133/yr | $111.29 $1,336/yr |
| $1.3M | $48.48 $582/yr | $61.17 $734/yr | $71.81 $862/yr | $101.82 $1,222/yr | $120.03 $1,440/yr |
| $1.4M | $51.70 $620/yr | $65.41 $785/yr | $76.87 $922/yr | $109.19 $1,310/yr | $128.78 $1,545/yr |
| $1.5M | $54.69 $656/yr | $69.32 $832/yr | $81.72 $981/yr | $116.90 $1,403/yr | $137.19 $1,646/yr |
| $1.6M | $57.89 $695/yr | $73.53 $882/yr | $86.77 $1,041/yr | $124.29 $1,491/yr | $145.91 $1,751/yr |
| $1.7M | $61.10 $733/yr | $77.75 $933/yr | $91.81 $1,102/yr | $131.67 $1,580/yr | $154.63 $1,856/yr |
| $1.8M | $64.30 $772/yr | $81.97 $984/yr | $96.85 $1,162/yr | $139.06 $1,669/yr | $163.35 $1,960/yr |
| $1.9M | $67.50 $810/yr | $86.18 $1,034/yr | $101.90 $1,223/yr | $146.45 $1,757/yr | $172.07 $2,065/yr |
| $2M | $70.70 $848/yr | $90.40 $1,085/yr | $106.94 $1,283/yr | $153.84 $1,846/yr | $180.79 $2,170/yr |
| $2.5M | $87.40 $1,049/yr | $111.94 $1,343/yr | $132.61 $1,591/yr | $191.24 $2,295/yr | $224.76 $2,697/yr |
| $3M | $103.55 $1,243/yr | $133.11 $1,597/yr | $157.92 $1,895/yr | $228.27 $2,739/yr | $268.43 $3,221/yr |
| $3.5M | $119.70 $1,436/yr | $154.28 $1,851/yr | $183.23 $2,199/yr | $265.30 $3,184/yr | $312.11 $3,745/yr |
| $4M | $135.85 $1,630/yr | $175.45 $2,105/yr | $208.53 $2,502/yr | $302.33 $3,628/yr | $355.78 $4,269/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Tobacco Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $19.06 $229/yr | $20.92 $251/yr | $22.72 $273/yr | $30.23 $363/yr | $31.75 $381/yr |
| $200K | $31.17 $374/yr | $35.44 $425/yr | $38.17 $458/yr | $54.00 $648/yr | $56.83 $682/yr |
| $300K | $39.47 $474/yr | $43.89 $527/yr | $48.78 $585/yr | $72.76 $873/yr | $76.36 $916/yr |
| $400K | $49.67 $596/yr | $56.39 $677/yr | $62.72 $753/yr | $94.88 $1,139/yr | $99.50 $1,194/yr |
| $500K | $58.88 $707/yr | $59.16 $710/yr | $65.82 $790/yr | $108.33 $1,300/yr | $117.08 $1,405/yr |
| $600K | $69.27 $831/yr | $69.70 $836/yr | $77.70 $932/yr | $128.71 $1,545/yr | $139.17 $1,670/yr |
| $700K | $79.66 $956/yr | $80.25 $963/yr | $89.58 $1,075/yr | $149.09 $1,789/yr | $161.25 $1,935/yr |
| $800K | $90.05 $1,081/yr | $90.80 $1,090/yr | $101.46 $1,218/yr | $169.48 $2,034/yr | $183.33 $2,200/yr |
| $900K | $100.44 $1,205/yr | $101.35 $1,216/yr | $113.34 $1,360/yr | $189.86 $2,278/yr | $205.42 $2,465/yr |
| $1M | $84.16 $1,010/yr | $107.90 $1,295/yr | $121.23 $1,455/yr | $208.32 $2,500/yr | $221.67 $2,660/yr |
| $1.1M | $91.94 $1,103/yr | $118.05 $1,417/yr | $132.72 $1,593/yr | $228.52 $2,742/yr | $243.17 $2,918/yr |
| $1.2M | $99.71 $1,197/yr | $128.20 $1,538/yr | $144.20 $1,730/yr | $248.71 $2,984/yr | $264.67 $3,176/yr |
| $1.3M | $107.49 $1,290/yr | $138.34 $1,660/yr | $155.68 $1,868/yr | $268.90 $3,227/yr | $286.17 $3,434/yr |
| $1.4M | $115.26 $1,383/yr | $148.49 $1,782/yr | $167.16 $2,006/yr | $289.09 $3,469/yr | $307.67 $3,692/yr |
| $1.5M | $123.58 $1,483/yr | $158.66 $1,904/yr | $178.66 $2,144/yr | $309.82 $3,718/yr | $329.17 $3,950/yr |
| $1.6M | $131.39 $1,577/yr | $168.81 $2,026/yr | $190.15 $2,282/yr | $330.05 $3,961/yr | $350.67 $4,208/yr |
| $1.7M | $139.21 $1,670/yr | $178.96 $2,148/yr | $201.63 $2,420/yr | $350.27 $4,203/yr | $372.17 $4,466/yr |
| $1.8M | $147.02 $1,764/yr | $189.11 $2,269/yr | $213.11 $2,557/yr | $370.50 $4,446/yr | $393.67 $4,724/yr |
| $1.9M | $154.83 $1,858/yr | $199.26 $2,391/yr | $224.60 $2,695/yr | $390.73 $4,689/yr | $415.17 $4,982/yr |
| $2M | $162.64 $1,952/yr | $209.41 $2,513/yr | $236.08 $2,833/yr | $410.95 $4,931/yr | $436.67 $5,240/yr |
| $2.5M | $202.40 $2,429/yr | $260.86 $3,130/yr | $294.19 $3,530/yr | $512.81 $6,154/yr | $544.17 $6,530/yr |
| $3M | $241.60 $2,899/yr | $311.75 $3,741/yr | $351.75 $4,221/yr | $614.09 $7,369/yr | $651.67 $7,820/yr |
| $3.5M | $280.80 $3,370/yr | $362.64 $4,352/yr | $409.31 $4,912/yr | $715.37 $8,584/yr | $759.17 $9,110/yr |
| $4M | $319.99 $3,840/yr | $413.53 $4,962/yr | $466.86 $5,602/yr | $816.65 $9,800/yr | $866.67 $10,400/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Female Rates — Age 23
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $7.76 $93/yr | $8.21 $99/yr | $8.37 $100/yr | $10.24 $123/yr | $11.03 $132/yr |
| $200K | $9.50 $114/yr | $9.83 $118/yr | $10.27 $123/yr | $13.73 $165/yr | $15.24 $183/yr |
| $300K | $10.49 $126/yr | $11.50 $138/yr | $13.08 $157/yr | $15.66 $188/yr | $18.15 $218/yr |
| $400K | $11.49 $138/yr | $12.74 $153/yr | $15.02 $180/yr | $18.49 $222/yr | $21.85 $262/yr |
| $500K | $13.12 $157/yr | $15.45 $185/yr | $17.57 $211/yr | $21.86 $262/yr | $25.66 $308/yr |
| $600K | $14.23 $171/yr | $17.31 $208/yr | $19.86 $238/yr | $24.97 $300/yr | $29.58 $355/yr |
| $700K | $15.35 $184/yr | $19.06 $229/yr | $22.02 $264/yr | $28.09 $337/yr | $33.41 $401/yr |
| $800K | $16.47 $198/yr | $20.48 $246/yr | $24.14 $290/yr | $31.18 $374/yr | $37.08 $445/yr |
| $900K | $17.59 $211/yr | $22.10 $265/yr | $25.92 $311/yr | $33.92 $407/yr | $40.85 $490/yr |
| $1M | $18.83 $226/yr | $22.87 $274/yr | $27.03 $324/yr | $36.65 $440/yr | $41.48 $498/yr |
| $1.1M | $20.07 $241/yr | $24.55 $295/yr | $29.10 $349/yr | $39.71 $476/yr | $44.74 $537/yr |
| $1.2M | $21.31 $256/yr | $26.23 $315/yr | $31.17 $374/yr | $42.76 $513/yr | $48.26 $579/yr |
| $1.3M | $22.55 $271/yr | $27.90 $335/yr | $33.23 $399/yr | $45.82 $550/yr | $51.77 $621/yr |
| $1.4M | $23.80 $286/yr | $29.58 $355/yr | $35.30 $424/yr | $48.88 $587/yr | $55.28 $663/yr |
| $1.5M | $25.60 $307/yr | $30.44 $365/yr | $36.50 $438/yr | $52.28 $627/yr | $58.16 $698/yr |
| $1.6M | $26.87 $322/yr | $32.04 $384/yr | $38.49 $462/yr | $55.36 $664/yr | $61.01 $732/yr |
| $1.7M | $28.15 $338/yr | $33.64 $404/yr | $40.48 $486/yr | $58.44 $701/yr | $64.43 $773/yr |
| $1.8M | $29.43 $353/yr | $35.24 $423/yr | $42.47 $510/yr | $61.52 $738/yr | $67.85 $814/yr |
| $1.9M | $30.71 $369/yr | $36.83 $442/yr | $44.46 $534/yr | $64.60 $775/yr | $71.27 $855/yr |
| $2M | $31.99 $384/yr | $38.43 $461/yr | $46.45 $557/yr | $67.68 $812/yr | $74.69 $896/yr |
| $2.5M | $39.22 $471/yr | $48.87 $586/yr | $57.09 $685/yr | $83.55 $1,003/yr | $91.83 $1,102/yr |
| $3M | $45.82 $550/yr | $57.31 $688/yr | $67.57 $811/yr | $99.04 $1,188/yr | $108.92 $1,307/yr |
| $3.5M | $51.79 $621/yr | $65.75 $789/yr | $77.76 $933/yr | $114.53 $1,374/yr | $126.01 $1,512/yr |
| $4M | $58.27 $699/yr | $74.19 $890/yr | $87.94 $1,055/yr | $130.03 $1,560/yr | $143.10 $1,717/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $9.37 $112/yr | $9.79 $118/yr | $11.11 $133/yr | $12.24 $147/yr | $14.18 $170/yr |
| $200K | $11.96 $144/yr | $13.08 $157/yr | $15.33 $184/yr | $17.72 $213/yr | $21.68 $260/yr |
| $300K | $15.09 $181/yr | $16.59 $199/yr | $18.76 $225/yr | $23.81 $286/yr | $27.25 $327/yr |
| $400K | $17.81 $214/yr | $19.99 $240/yr | $22.73 $273/yr | $29.65 $356/yr | $34.20 $410/yr |
| $500K | $20.54 $247/yr | $23.58 $283/yr | $26.63 $320/yr | $34.64 $416/yr | $40.99 $492/yr |
| $600K | $23.35 $280/yr | $26.98 $324/yr | $30.59 $367/yr | $40.32 $484/yr | $47.98 $576/yr |
| $700K | $26.16 $314/yr | $30.37 $364/yr | $34.53 $414/yr | $45.99 $552/yr | $54.84 $658/yr |
| $800K | $28.91 $347/yr | $33.75 $405/yr | $38.47 $462/yr | $51.52 $618/yr | $61.69 $740/yr |
| $900K | $31.62 $379/yr | $37.14 $446/yr | $42.41 $509/yr | $57.17 $686/yr | $68.53 $822/yr |
| $1M | $31.17 $374/yr | $39.39 $473/yr | $44.09 $529/yr | $58.77 $705/yr | $69.99 $840/yr |
| $1.1M | $33.65 $404/yr | $42.61 $511/yr | $47.86 $574/yr | $64.00 $768/yr | $76.35 $916/yr |
| $1.2M | $36.13 $434/yr | $45.92 $551/yr | $51.63 $620/yr | $69.27 $831/yr | $82.71 $993/yr |
| $1.3M | $38.61 $463/yr | $49.24 $591/yr | $55.40 $665/yr | $74.55 $895/yr | $89.07 $1,069/yr |
| $1.4M | $41.09 $493/yr | $52.56 $631/yr | $59.18 $710/yr | $79.82 $958/yr | $95.43 $1,145/yr |
| $1.5M | $42.46 $510/yr | $55.29 $664/yr | $62.51 $750/yr | $85.45 $1,025/yr | $101.46 $1,218/yr |
| $1.6M | $44.85 $538/yr | $58.08 $697/yr | $66.25 $795/yr | $90.75 $1,089/yr | $107.80 $1,294/yr |
| $1.7M | $47.24 $567/yr | $61.31 $736/yr | $70.00 $840/yr | $96.04 $1,152/yr | $114.14 $1,370/yr |
| $1.8M | $49.62 $595/yr | $64.52 $774/yr | $73.74 $885/yr | $101.33 $1,216/yr | $120.48 $1,446/yr |
| $1.9M | $52.01 $624/yr | $67.74 $813/yr | $77.48 $930/yr | $106.62 $1,280/yr | $126.82 $1,522/yr |
| $2M | $54.40 $653/yr | $70.95 $851/yr | $81.22 $975/yr | $111.92 $1,343/yr | $133.16 $1,598/yr |
| $2.5M | $67.02 $804/yr | $87.72 $1,053/yr | $100.58 $1,207/yr | $138.84 $1,666/yr | $165.26 $1,983/yr |
| $3M | $79.58 $955/yr | $104.26 $1,251/yr | $119.79 $1,437/yr | $165.39 $1,985/yr | $197.03 $2,364/yr |
| $3.5M | $91.77 $1,101/yr | $120.60 $1,447/yr | $138.74 $1,665/yr | $191.94 $2,303/yr | $228.81 $2,746/yr |
| $4M | $103.96 $1,248/yr | $136.91 $1,643/yr | $156.32 $1,876/yr | $218.49 $2,622/yr | $260.58 $3,127/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Standard Tobacco Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $13.42 $161/yr | $15.46 $186/yr | $17.17 $206/yr | $21.61 $259/yr | $24.64 $296/yr |
| $200K | $21.17 $254/yr | $24.67 $296/yr | $28.08 $337/yr | $37.30 $448/yr | $42.44 $509/yr |
| $300K | $27.38 $328/yr | $31.38 $376/yr | $36.38 $436/yr | $51.34 $616/yr | $56.24 $675/yr |
| $400K | $34.42 $413/yr | $39.75 $477/yr | $46.42 $557/yr | $66.37 $796/yr | $72.91 $875/yr |
| $500K | $40.21 $482/yr | $46.46 $558/yr | $54.31 $652/yr | $75.83 $910/yr | $85.83 $1,030/yr |
| $600K | $47.00 $564/yr | $54.50 $654/yr | $63.89 $767/yr | $89.71 $1,077/yr | $101.75 $1,221/yr |
| $700K | $53.79 $646/yr | $62.54 $750/yr | $73.47 $882/yr | $103.59 $1,243/yr | $117.68 $1,412/yr |
| $800K | $60.58 $727/yr | $70.58 $847/yr | $83.06 $997/yr | $117.48 $1,410/yr | $133.60 $1,603/yr |
| $900K | $67.38 $808/yr | $78.62 $944/yr | $92.64 $1,112/yr | $131.36 $1,576/yr | $149.52 $1,794/yr |
| $1M | $72.49 $870/yr | $85.83 $1,030/yr | $101.67 $1,220/yr | $142.91 $1,715/yr | $160.55 $1,927/yr |
| $1.1M | $79.07 $949/yr | $93.85 $1,126/yr | $111.19 $1,334/yr | $156.56 $1,879/yr | $175.99 $2,112/yr |
| $1.2M | $85.65 $1,028/yr | $101.88 $1,223/yr | $120.72 $1,449/yr | $170.21 $2,042/yr | $191.42 $2,297/yr |
| $1.3M | $92.23 $1,107/yr | $109.90 $1,319/yr | $130.25 $1,563/yr | $183.86 $2,206/yr | $206.85 $2,482/yr |
| $1.4M | $98.82 $1,186/yr | $117.93 $1,415/yr | $139.78 $1,677/yr | $197.50 $2,370/yr | $222.28 $2,667/yr |
| $1.5M | $106.04 $1,272/yr | $125.95 $1,511/yr | $149.31 $1,792/yr | $211.70 $2,540/yr | $237.72 $2,853/yr |
| $1.6M | $112.66 $1,352/yr | $133.98 $1,608/yr | $158.83 $1,906/yr | $225.38 $2,705/yr | $253.15 $3,038/yr |
| $1.7M | $119.29 $1,431/yr | $142.00 $1,704/yr | $168.36 $2,020/yr | $239.07 $2,869/yr | $268.58 $3,223/yr |
| $1.8M | $125.91 $1,511/yr | $150.03 $1,800/yr | $177.89 $2,135/yr | $252.75 $3,033/yr | $284.02 $3,408/yr |
| $1.9M | $132.54 $1,590/yr | $158.05 $1,897/yr | $187.42 $2,249/yr | $266.44 $3,197/yr | $299.45 $3,593/yr |
| $2M | $139.16 $1,670/yr | $166.08 $1,993/yr | $196.94 $2,363/yr | $280.12 $3,361/yr | $314.88 $3,779/yr |
| $2.5M | $172.92 $2,075/yr | $206.20 $2,474/yr | $244.58 $2,935/yr | $349.27 $4,191/yr | $392.05 $4,705/yr |
| $3M | $202.50 $2,430/yr | $242.50 $2,910/yr | $287.22 $3,447/yr | $417.84 $5,014/yr | $469.21 $5,631/yr |
| $3.5M | $235.21 $2,822/yr | $281.88 $3,382/yr | $334.03 $4,008/yr | $486.41 $5,837/yr | $546.38 $6,557/yr |
| $4M | $267.92 $3,215/yr | $321.25 $3,855/yr | $380.83 $4,570/yr | $554.98 $6,660/yr | $623.54 $7,483/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
How These Rates Are Calculated
We quote every combination of age, gender, coverage amount, term length, and health class across multiple top-rated life insurance carriers. Each rate you see is the average of the 2–3 lowest quotes—a realistic picture of what a healthy applicant is likely to pay. These rates are for Texas residents. The data behind this page comes from thousands of individual carrier quotes.
Frequently Asked Questions
Should I buy life insurance before I have a family?
There’s a strong financial case for it. At 23, your health is likely excellent and your rate will be among the lowest available. If you wait until you have a spouse, kids, and a mortgage, you’ll be older—and possibly dealing with health changes that could bump you to a higher rate class. A 20- or 30-year policy now locks in affordable coverage for when you’ll need it most. Rates start as low as $7.76/mo.
Is my employer’s group life insurance enough?
Probably not. Most employer plans offer 1–2 times your annual salary, which sounds like a lot but falls short when you factor in a mortgage, childcare, and years of lost income. Just as important: employer coverage ends when you leave the job. If you develop a health condition in the meantime, getting a new individual policy could be expensive or difficult. A personal term policy follows you regardless of where you work.
What does term life insurance cost for a 23-year-old?
Less than most people expect. The lowest rate in our data for a 23-year-old is $7.76/mo for a $100K 10-year term with Preferred health. For a $500,000 20-year policy, expect about $20.27/mo for men and $17.57/mo for women in Preferred health. The full tables on this page show rates across 24 coverage amounts, five term lengths, and three health classes.
What’s the difference between Preferred, Standard, and Standard Tobacco rates?
Health class is the single biggest factor in your premium besides age and gender. Preferred is for applicants in excellent health—no major conditions, healthy weight, no tobacco. Standard covers people with some health issues or risk factors. Standard Tobacco applies to smokers, vapers, and other tobacco users. The difference is significant: Standard Tobacco rates are typically 3–4 times higher than Preferred. The tables above show exact prices for all three classes.
How long does it take to get a term life policy?
The full process—application, underwriting, and policy issue—typically takes 3–6 weeks. Some insurers now offer accelerated underwriting that can approve you in days if you’re young and healthy. The application itself takes about 20 minutes, and many carriers no longer require a medical exam for healthy applicants under 40 applying for coverage under $1 million.
Your Rate Could Be Even Lower
These are market averages. Your actual premium depends on your health, lifestyle, and the carrier. Get a free, no-obligation quote tailored to you.
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