Good news: at 27, 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 27
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $8.42 $101/yr | $8.44 $101/yr | $9.70 $116/yr | $11.86 $142/yr | $12.28 $147/yr |
| $200K | $10.33 $124/yr | $10.42 $125/yr | $12.71 $153/yr | $17.05 $205/yr | $17.86 $214/yr |
| $300K | $12.47 $150/yr | $13.29 $160/yr | $14.55 $175/yr | $22.96 $276/yr | $23.74 $285/yr |
| $400K | $13.98 $168/yr | $15.30 $184/yr | $17.14 $206/yr | $28.53 $342/yr | $29.25 $351/yr |
| $500K | $16.21 $195/yr | $18.13 $218/yr | $20.27 $243/yr | $30.56 $367/yr | $35.01 $420/yr |
| $600K | $18.12 $218/yr | $20.54 $246/yr | $23.11 $277/yr | $35.46 $426/yr | $40.79 $489/yr |
| $700K | $20.02 $240/yr | $22.95 $275/yr | $25.95 $311/yr | $40.35 $484/yr | $46.57 $559/yr |
| $800K | $21.91 $263/yr | $25.12 $301/yr | $28.79 $345/yr | $45.25 $543/yr | $52.22 $627/yr |
| $900K | $23.80 $286/yr | $27.32 $328/yr | $31.31 $376/yr | $50.15 $602/yr | $57.87 $694/yr |
| $1M | $25.37 $304/yr | $28.55 $343/yr | $34.57 $415/yr | $51.19 $614/yr | $60.27 $723/yr |
| $1.1M | $27.35 $328/yr | $30.79 $370/yr | $37.41 $449/yr | $55.70 $668/yr | $65.66 $788/yr |
| $1.2M | $29.26 $351/yr | $33.04 $396/yr | $40.26 $483/yr | $60.21 $722/yr | $71.05 $853/yr |
| $1.3M | $31.16 $374/yr | $35.29 $423/yr | $43.11 $517/yr | $64.72 $777/yr | $76.44 $917/yr |
| $1.4M | $33.06 $397/yr | $37.53 $450/yr | $45.96 $552/yr | $69.23 $831/yr | $81.83 $982/yr |
| $1.5M | $35.27 $423/yr | $40.43 $485/yr | $48.65 $584/yr | $74.09 $889/yr | $87.01 $1,044/yr |
| $1.6M | $37.25 $447/yr | $42.72 $513/yr | $51.49 $618/yr | $78.62 $943/yr | $92.39 $1,109/yr |
| $1.7M | $39.23 $471/yr | $45.01 $540/yr | $54.33 $652/yr | $83.16 $998/yr | $97.77 $1,173/yr |
| $1.8M | $41.20 $494/yr | $47.30 $568/yr | $57.17 $686/yr | $87.69 $1,052/yr | $103.14 $1,238/yr |
| $1.9M | $43.18 $518/yr | $49.59 $595/yr | $60.00 $720/yr | $92.23 $1,107/yr | $108.52 $1,302/yr |
| $2M | $45.16 $542/yr | $51.88 $622/yr | $62.84 $754/yr | $96.76 $1,161/yr | $113.89 $1,367/yr |
| $2.5M | N/A | N/A | N/A | N/A | N/A |
| $3M | $62.04 $744/yr | $74.80 $898/yr | $92.79 $1,113/yr | $142.65 $1,712/yr | $167.87 $2,014/yr |
| $3.5M | $71.43 $857/yr | $86.31 $1,036/yr | $107.24 $1,287/yr | $165.42 $1,985/yr | $194.79 $2,337/yr |
| $4M | $80.83 $970/yr | $97.83 $1,174/yr | $121.69 $1,460/yr | $188.18 $2,258/yr | $221.70 $2,660/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 | $10.43 $125/yr | $11.28 $135/yr | $12.67 $152/yr | $14.55 $175/yr | $17.56 $211/yr |
| $200K | $13.92 $167/yr | $15.75 $189/yr | $18.33 $220/yr | $22.34 $268/yr | $28.56 $343/yr |
| $300K | $17.72 $213/yr | $18.91 $227/yr | $22.87 $274/yr | $30.91 $371/yr | $36.73 $441/yr |
| $400K | $21.27 $255/yr | $22.84 $274/yr | $28.47 $342/yr | $39.11 $469/yr | $46.66 $560/yr |
| $500K | $24.81 $298/yr | $27.21 $327/yr | $32.07 $385/yr | $45.66 $548/yr | $55.52 $666/yr |
| $600K | $28.42 $341/yr | $31.40 $377/yr | $37.27 $447/yr | $53.57 $643/yr | $65.23 $783/yr |
| $700K | $32.02 $384/yr | $35.59 $427/yr | $42.47 $510/yr | $61.49 $738/yr | $74.95 $899/yr |
| $800K | $35.27 $423/yr | $39.77 $477/yr | $47.66 $572/yr | $69.41 $833/yr | $84.66 $1,016/yr |
| $900K | $38.80 $466/yr | $43.95 $527/yr | $52.86 $634/yr | $77.32 $928/yr | $94.38 $1,133/yr |
| $1M | $40.19 $482/yr | $48.46 $581/yr | $56.64 $680/yr | $81.27 $975/yr | $93.82 $1,126/yr |
| $1.1M | $43.62 $523/yr | $52.69 $632/yr | $61.70 $740/yr | $88.79 $1,065/yr | $102.56 $1,231/yr |
| $1.2M | $47.04 $565/yr | $56.93 $683/yr | $66.76 $801/yr | $96.30 $1,156/yr | $111.30 $1,336/yr |
| $1.3M | $50.47 $606/yr | $61.17 $734/yr | $71.81 $862/yr | $103.82 $1,246/yr | $120.05 $1,441/yr |
| $1.4M | $53.89 $647/yr | $65.41 $785/yr | $76.87 $922/yr | $111.34 $1,336/yr | $128.79 $1,545/yr |
| $1.5M | $57.17 $686/yr | $69.32 $832/yr | $81.79 $981/yr | $119.21 $1,431/yr | $137.21 $1,646/yr |
| $1.6M | $60.59 $727/yr | $73.53 $882/yr | $86.83 $1,042/yr | $126.75 $1,521/yr | $145.93 $1,751/yr |
| $1.7M | $64.00 $768/yr | $77.75 $933/yr | $91.88 $1,103/yr | $134.29 $1,612/yr | $154.65 $1,856/yr |
| $1.8M | $67.42 $809/yr | $81.97 $984/yr | $96.93 $1,163/yr | $141.84 $1,702/yr | $163.37 $1,960/yr |
| $1.9M | $70.83 $850/yr | $86.18 $1,034/yr | $101.97 $1,224/yr | $149.38 $1,793/yr | $172.09 $2,065/yr |
| $2M | $74.25 $891/yr | $90.40 $1,085/yr | $107.02 $1,284/yr | $156.92 $1,883/yr | $180.81 $2,170/yr |
| $2.5M | N/A | N/A | N/A | N/A | N/A |
| $3M | $108.95 $1,307/yr | $133.11 $1,597/yr | $158.04 $1,897/yr | $232.89 $2,795/yr | $268.45 $3,221/yr |
| $3.5M | $126.12 $1,513/yr | $154.28 $1,851/yr | $183.37 $2,200/yr | $270.69 $3,248/yr | $312.13 $3,746/yr |
| $4M | $143.26 $1,719/yr | $175.45 $2,105/yr | $208.70 $2,504/yr | $308.50 $3,702/yr | $355.81 $4,270/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 | $19.17 $230/yr | $21.44 $257/yr | $23.33 $280/yr | $31.54 $378/yr | $34.08 $409/yr |
| $200K | $31.94 $383/yr | $36.50 $438/yr | $40.00 $480/yr | $56.41 $677/yr | $60.50 $726/yr |
| $300K | $39.81 $478/yr | $45.14 $542/yr | $51.81 $622/yr | $78.18 $938/yr | $80.97 $972/yr |
| $400K | $50.94 $611/yr | $58.06 $697/yr | $66.94 $803/yr | $100.81 $1,210/yr | $105.83 $1,270/yr |
| $500K | $60.27 $723/yr | $63.74 $765/yr | $72.07 $865/yr | $114.16 $1,370/yr | $125.00 $1,500/yr |
| $600K | $70.94 $851/yr | $75.21 $902/yr | $85.20 $1,022/yr | $135.71 $1,629/yr | $148.72 $1,785/yr |
| $700K | $81.60 $979/yr | $86.67 $1,040/yr | $98.33 $1,180/yr | $157.26 $1,887/yr | $172.44 $2,069/yr |
| $800K | $92.27 $1,107/yr | $98.14 $1,178/yr | $111.46 $1,338/yr | $178.81 $2,146/yr | $196.17 $2,354/yr |
| $900K | $102.94 $1,235/yr | $109.60 $1,315/yr | $124.59 $1,495/yr | $200.36 $2,404/yr | $219.89 $2,639/yr |
| $1M | $88.32 $1,060/yr | $117.48 $1,410/yr | $134.15 $1,610/yr | $219.99 $2,640/yr | $239.17 $2,870/yr |
| $1.1M | $96.51 $1,158/yr | $128.59 $1,543/yr | $146.92 $1,763/yr | $241.35 $2,896/yr | $262.44 $3,149/yr |
| $1.2M | $104.70 $1,256/yr | $139.70 $1,676/yr | $159.70 $1,916/yr | $262.71 $3,152/yr | $285.72 $3,429/yr |
| $1.3M | $112.89 $1,355/yr | $150.80 $1,810/yr | $172.47 $2,070/yr | $284.06 $3,409/yr | $309.00 $3,708/yr |
| $1.4M | $121.08 $1,453/yr | $161.91 $1,943/yr | $185.24 $2,223/yr | $305.42 $3,665/yr | $332.28 $3,987/yr |
| $1.5M | $129.82 $1,558/yr | $173.04 $2,077/yr | $198.04 $2,377/yr | $327.32 $3,928/yr | $355.56 $4,267/yr |
| $1.6M | $138.05 $1,657/yr | $184.15 $2,210/yr | $210.82 $2,530/yr | $348.71 $4,185/yr | $378.83 $4,546/yr |
| $1.7M | $146.27 $1,755/yr | $195.26 $2,343/yr | $223.59 $2,683/yr | $370.11 $4,441/yr | $402.11 $4,825/yr |
| $1.8M | $154.50 $1,854/yr | $206.37 $2,476/yr | $236.37 $2,836/yr | $391.50 $4,698/yr | $425.39 $5,105/yr |
| $1.9M | $162.73 $1,953/yr | $217.48 $2,610/yr | $249.14 $2,990/yr | $412.89 $4,955/yr | $448.67 $5,384/yr |
| $2M | $170.95 $2,051/yr | $228.58 $2,743/yr | $261.92 $3,143/yr | $434.29 $5,211/yr | $471.94 $5,663/yr |
| $2.5M | N/A | N/A | N/A | N/A | N/A |
| $3M | $254.08 $3,049/yr | $340.50 $4,086/yr | $390.50 $4,686/yr | $649.09 $7,789/yr | $704.72 $8,457/yr |
| $3.5M | $295.35 $3,544/yr | $396.18 $4,754/yr | $454.52 $5,454/yr | $756.20 $9,074/yr | $821.11 $9,853/yr |
| $4M | $336.63 $4,040/yr | $451.87 $5,422/yr | $518.53 $6,222/yr | $863.31 $10,360/yr | $937.50 $11,250/yr |
* Fewer than 3 carriers offered this combination, so this rate is based on limited data.
Female Rates — Age 27
Preferred Health Class
| Coverage | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year |
|---|---|---|---|---|---|
| $100K | $7.76 $93/yr | $8.21 $99/yr | $8.42 $101/yr | $10.37 $124/yr | $11.36 $136/yr |
| $200K | $9.50 $114/yr | $9.83 $118/yr | $10.38 $125/yr | $13.99 $168/yr | $16.08 $193/yr |
| $300K | $10.49 $126/yr | $11.51 $138/yr | $13.26 $159/yr | $16.54 $198/yr | $19.14 $230/yr |
| $400K | $11.49 $138/yr | $12.74 $153/yr | $15.13 $182/yr | $19.68 $236/yr | $23.20 $278/yr |
| $500K | $13.12 $157/yr | $15.46 $185/yr | $17.83 $214/yr | $23.18 $278/yr | $26.84 $322/yr |
| $600K | $14.23 $171/yr | $17.31 $208/yr | $20.18 $242/yr | $26.56 $319/yr | $30.99 $372/yr |
| $700K | $15.35 $184/yr | $19.06 $229/yr | $22.46 $270/yr | $29.94 $359/yr | $35.14 $422/yr |
| $800K | $16.47 $198/yr | $20.49 $246/yr | $24.41 $293/yr | $33.29 $400/yr | $39.16 $470/yr |
| $900K | $17.59 $211/yr | $22.11 $265/yr | $26.53 $318/yr | $36.67 $440/yr | $43.18 $518/yr |
| $1M | $18.94 $227/yr | $23.41 $281/yr | $28.05 $337/yr | $39.04 $469/yr | $43.75 $525/yr |
| $1.1M | $20.19 $242/yr | $25.14 $302/yr | $30.25 $363/yr | $42.34 $508/yr | $47.43 $569/yr |
| $1.2M | $21.44 $257/yr | $26.88 $322/yr | $32.45 $389/yr | $45.63 $548/yr | $51.19 $614/yr |
| $1.3M | $22.69 $272/yr | $28.61 $343/yr | $34.65 $416/yr | $48.93 $587/yr | $54.94 $659/yr |
| $1.4M | $23.95 $287/yr | $30.34 $364/yr | $36.84 $442/yr | $52.23 $627/yr | $58.69 $704/yr |
| $1.5M | $25.69 $308/yr | $31.23 $375/yr | $38.88 $467/yr | $55.87 $670/yr | $62.03 $744/yr |
| $1.6M | $26.98 $324/yr | $32.88 $395/yr | $41.07 $493/yr | $59.19 $710/yr | $65.74 $789/yr |
| $1.7M | $28.26 $339/yr | $34.53 $414/yr | $42.89 $515/yr | $62.51 $750/yr | $69.45 $833/yr |
| $1.8M | $29.55 $355/yr | $36.18 $434/yr | $45.03 $540/yr | $65.83 $790/yr | $73.16 $878/yr |
| $1.9M | $30.83 $370/yr | $37.84 $454/yr | $47.18 $566/yr | $69.15 $830/yr | $76.87 $922/yr |
| $2M | $32.12 $385/yr | $39.49 $474/yr | $49.32 $592/yr | $72.47 $870/yr | $80.58 $967/yr |
| $2.5M | $39.55 $475/yr | $50.35 $604/yr | $61.21 $735/yr | $89.53 $1,074/yr | $98.68 $1,184/yr |
| $3M | $46.22 $555/yr | $59.20 $710/yr | $71.58 $859/yr | $106.22 $1,275/yr | $117.13 $1,406/yr |
| $3.5M | $52.88 $635/yr | $67.95 $815/yr | $82.44 $989/yr | $122.90 $1,475/yr | $135.59 $1,627/yr |
| $4M | $58.84 $706/yr | $76.71 $920/yr | $93.29 $1,120/yr | $139.59 $1,675/yr | $154.05 $1,849/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 | $9.39 $113/yr | $9.88 $118/yr | $11.28 $135/yr | $12.47 $150/yr | $14.70 $176/yr |
| $200K | $11.99 $144/yr | $13.08 $157/yr | $15.92 $191/yr | $18.28 $219/yr | $22.54 $271/yr |
| $300K | $15.26 $183/yr | $16.78 $201/yr | $18.99 $228/yr | $24.27 $291/yr | $28.00 $336/yr |
| $400K | $17.87 $214/yr | $19.94 $239/yr | $23.06 $277/yr | $30.26 $363/yr | $35.20 $422/yr |
| $500K | $20.54 $247/yr | $23.86 $286/yr | $27.18 $326/yr | $35.51 $426/yr | $42.39 $509/yr |
| $600K | $23.41 $281/yr | $27.38 $329/yr | $31.39 $377/yr | $41.37 $496/yr | $49.56 $595/yr |
| $700K | $26.18 $314/yr | $30.90 $371/yr | $35.53 $426/yr | $47.21 $567/yr | $56.66 $680/yr |
| $800K | $28.95 $347/yr | $34.38 $413/yr | $39.63 $476/yr | $52.92 $635/yr | $63.77 $765/yr |
| $900K | $31.35 $376/yr | $37.87 $454/yr | $43.71 $525/yr | $58.75 $705/yr | $70.87 $850/yr |
| $1M | $31.69 $380/yr | $39.39 $473/yr | $44.84 $538/yr | $60.71 $729/yr | $73.43 $881/yr |
| $1.1M | $34.21 $411/yr | $42.61 $511/yr | $48.72 $585/yr | $66.06 $793/yr | $80.13 $962/yr |
| $1.2M | $36.74 $441/yr | $45.94 $551/yr | $52.59 $631/yr | $71.52 $858/yr | $86.83 $1,042/yr |
| $1.3M | $39.27 $471/yr | $49.27 $591/yr | $56.47 $678/yr | $76.99 $924/yr | $93.54 $1,122/yr |
| $1.4M | $41.79 $502/yr | $52.60 $631/yr | $60.34 $724/yr | $82.45 $989/yr | $100.24 $1,203/yr |
| $1.5M | $43.60 $523/yr | $54.84 $658/yr | $63.81 $766/yr | $88.26 $1,059/yr | $106.62 $1,279/yr |
| $1.6M | $46.07 $553/yr | $58.08 $697/yr | $67.66 $812/yr | $93.75 $1,125/yr | $113.30 $1,360/yr |
| $1.7M | $48.55 $583/yr | $61.32 $736/yr | $71.51 $858/yr | $99.23 $1,191/yr | $119.98 $1,440/yr |
| $1.8M | $51.03 $612/yr | $64.56 $775/yr | $75.35 $904/yr | $104.72 $1,257/yr | $126.66 $1,520/yr |
| $1.9M | $53.51 $642/yr | $67.80 $814/yr | $79.20 $950/yr | $110.21 $1,322/yr | $133.34 $1,600/yr |
| $2M | $55.99 $672/yr | $71.04 $852/yr | $83.05 $997/yr | $115.69 $1,388/yr | $140.02 $1,680/yr |
| $2.5M | $69.07 $829/yr | $87.93 $1,055/yr | $102.75 $1,233/yr | $143.59 $1,723/yr | $173.79 $2,086/yr |
| $3M | $81.60 $979/yr | $104.26 $1,251/yr | $122.09 $1,465/yr | $171.11 $2,053/yr | $207.27 $2,487/yr |
| $3.5M | $94.14 $1,130/yr | $120.60 $1,447/yr | $141.42 $1,697/yr | $198.63 $2,384/yr | $240.75 $2,889/yr |
| $4M | $106.67 $1,280/yr | $136.91 $1,643/yr | $160.76 $1,929/yr | $226.16 $2,714/yr | $274.24 $3,291/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 | $14.00 $168/yr | $16.12 $194/yr | $17.96 $216/yr | $23.64 $284/yr | $26.17 $314/yr |
| $200K | $21.75 $261/yr | $26.00 $312/yr | $29.67 $356/yr | $41.37 $496/yr | $45.39 $545/yr |
| $300K | $28.25 $339/yr | $33.00 $396/yr | $38.25 $459/yr | $53.21 $639/yr | $60.52 $726/yr |
| $400K | $35.58 $427/yr | $41.92 $503/yr | $48.92 $587/yr | $68.81 $826/yr | $78.38 $941/yr |
| $500K | $41.67 $500/yr | $49.17 $590/yr | $57.29 $688/yr | $80.83 $970/yr | $92.91 $1,115/yr |
| $600K | $48.75 $585/yr | $57.75 $693/yr | $67.50 $810/yr | $95.71 $1,149/yr | $110.10 $1,321/yr |
| $700K | $55.83 $670/yr | $66.33 $796/yr | $78.33 $940/yr | $110.59 $1,327/yr | $127.29 $1,528/yr |
| $800K | $62.92 $755/yr | $74.92 $899/yr | $88.61 $1,063/yr | $125.48 $1,506/yr | $144.48 $1,734/yr |
| $900K | $70.00 $840/yr | $83.50 $1,002/yr | $98.89 $1,187/yr | $140.36 $1,684/yr | $161.68 $1,940/yr |
| $1M | $75.42 $905/yr | $91.67 $1,100/yr | $108.06 $1,297/yr | $153.32 $1,840/yr | $173.60 $2,083/yr |
| $1.1M | $82.33 $988/yr | $100.21 $1,202/yr | $118.22 $1,419/yr | $168.02 $2,016/yr | $190.26 $2,283/yr |
| $1.2M | $89.25 $1,071/yr | $108.75 $1,305/yr | $128.39 $1,541/yr | $182.71 $2,192/yr | $206.93 $2,483/yr |
| $1.3M | $96.17 $1,154/yr | $117.29 $1,408/yr | $138.56 $1,663/yr | $197.40 $2,369/yr | $223.60 $2,683/yr |
| $1.4M | $103.08 $1,237/yr | $125.83 $1,510/yr | $148.72 $1,785/yr | $212.09 $2,545/yr | $240.26 $2,883/yr |
| $1.5M | $110.00 $1,320/yr | $134.38 $1,612/yr | $158.89 $1,907/yr | $227.32 $2,728/yr | $255.66 $3,068/yr |
| $1.6M | $116.92 $1,403/yr | $142.92 $1,715/yr | $169.06 $2,029/yr | $242.05 $2,905/yr | $272.24 $3,267/yr |
| $1.7M | $123.83 $1,486/yr | $151.46 $1,818/yr | $179.22 $2,151/yr | $256.77 $3,081/yr | $288.82 $3,466/yr |
| $1.8M | $130.75 $1,569/yr | $160.00 $1,920/yr | $189.39 $2,273/yr | $271.50 $3,258/yr | $305.40 $3,665/yr |
| $1.9M | $137.67 $1,652/yr | $168.54 $2,022/yr | $199.56 $2,395/yr | $286.23 $3,435/yr | $321.98 $3,864/yr |
| $2M | $144.58 $1,735/yr | $177.08 $2,125/yr | $209.72 $2,517/yr | $300.95 $3,611/yr | $338.56 $4,063/yr |
| $2.5M | $179.17 $2,150/yr | $219.79 $2,638/yr | $260.56 $3,127/yr | $375.31 $4,504/yr | $421.93 $5,063/yr |
| $3M | $211.25 $2,535/yr | $258.75 $3,105/yr | $308.06 $3,697/yr | $449.09 $5,389/yr | $504.93 $6,059/yr |
| $3.5M | $245.42 $2,945/yr | $300.83 $3,610/yr | $358.33 $4,300/yr | $522.87 $6,274/yr | $587.93 $7,055/yr |
| $4M | $279.58 $3,355/yr | $342.92 $4,115/yr | $408.61 $4,903/yr | $596.65 $7,160/yr | $670.93 $8,051/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
How much life insurance do I need at 27?
A common guideline is 10–15 times your annual income, but your actual number depends on your debts and dependents. Add up your mortgage balance, any other debts, future childcare or education costs, and how many years of income your family would need to replace. For many 27-year-olds, that lands between $500,000 and $1.5 million. The good news: coverage in that range is very affordable at your age.
Should I get coverage before or after having kids?
Before, if possible. Your rate is based on your age and health at the time of application. Pregnancy doesn’t disqualify you, but most insurers will postpone underwriting until after delivery, which costs you time—and another year of age. Getting a policy in place before you start a family means coverage is ready the moment you need it, and you’ve locked in a younger rate.
What does term life insurance cost for a 27-year-old?
Very affordable at this age. Rates start at $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 $17.83/mo for women in Preferred health. The tables above cover 24 coverage amounts from $100K to $4M, so you can find the exact price for any combination.
Why do men pay more for life insurance than women?
Men have a shorter average life expectancy, which means the statistical risk of a claim during the policy term is higher. This is reflected in the premiums—male rates are typically 20–40% higher than female rates for the same age, coverage, and health class. You can see the exact difference by comparing the Male and Female rate tables above.
What happens at the end of my term?
When your term ends, the coverage stops and you stop paying premiums. Most policies include a renewal option that lets you continue coverage year-by-year, but at significantly higher rates. Many policies also include a conversion privilege—you can convert to a permanent policy without a new medical exam. The smartest move is to choose a term length that covers your years of greatest financial responsibility.
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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