Updated: August 27, 2025
Advertising & Editorial Disclosure
The cheapest overall life insurance companies are Protective at $40 per month for men and CoreBridge at $32 per month for women. These are based on average term life insurance rates for the average adult.
USAA has the cheapest average rates for whole life insurance at $433 and $386 per month for men and women, respectively.
North American and Midland National are the cheapest universal life insurance providers, with average premiums of $295 for men and $251 for women.
For indexed universal life insurance policies, Ethos has the most affordable rates at $328 for men and $275 for women.
The most affordable life insurance company for you depends on your coverage level and personal profile. Based on MoneyGeek's analysis, Protective and CoreBridge have the lowest average rates overall.
See the filterable table below to find the cheapest life insurance providers based on policy type.
| Men | Protective Insurance | $40 | $486 |
| Women | CoreBridge | $32 | $387 |
*Life insurance rates above are based on averages for 30- to 49-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Term life insurance is the cheapest life insurance policy type, providing coverage for set periods like 10, 20, or 30 years at a fraction of the cost of permanent policies. These policies offer straightforward financial protection with level premiums that stay the same throughout your term.
The tables below show the cheapest life insurance rates available for different coverage amounts and customer profiles, helping you find the most affordable coverage from top-rated providers.
| Protective Insurance | $7 | $79 |
| Lincoln Financial | $7 | $87 |
| TransAmerica | $8 | $101 |
| Foresters Financial | $9 | $104 |
| Gerber Life (Fabric) | $9 | $105 |
| CoreBridge | $9 | $105 |
| SBLI | $9 | $106 |
| North American | $9 | $106 |
| Midland National | $9 | $106 |
| Cincinnati Life | $9 | $106 |
| Legal&General | $9 | $109 |
| Prudential | $9 | $111 |
| Assurity | $9 | $112 |
| Pacific Life | $10 | $118 |
| Columbus Life | $10 | $122 |
| Mutual of Omaha | $11 | $128 |
| Nationwide | $11 | $129 |
| AAA | $11 | $134 |
| Life Insurance Co of The South West | $12 | $138 |
| National Life Group | $12 | $138 |
| John Hancock | $13 | $153 |
| Fidelity Life | $14 | $164 |
*Life insurance rates above are based on average quotes for 40-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| Protective Insurance | $4 | $51 |
| Lincoln Financial | $5 | $55 |
| Assurity | $5 | $56 |
| AAA | $5 | $65 |
| Foresters Financial | $5 | $65 |
| Cincinnati Life | $6 | $67 |
| TransAmerica | $6 | $68 |
| Gerber Life (Fabric) | $6 | $69 |
| CoreBridge | $6 | $71 |
| SBLI | $6 | $71 |
| North American | $6 | $72 |
| Midland National | $6 | $72 |
| Prudential | $6 | $73 |
| Legal&General | $6 | $73 |
| Fidelity Life | $7 | $79 |
| Columbus Life | $7 | $80 |
| Pacific Life | $7 | $82 |
| Mutual of Omaha | $7 | $82 |
| Life Insurance Co of The South West | $7 | $90 |
| National Life Group | $7 | $90 |
| Nationwide | $8 | $93 |
| John Hancock | $9 | $112 |
*Life insurance rates above are based on average quotes for 30-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| SBLI | $101 | $1,216 |
| Foresters Financial | $114 | $1,365 |
| Columbus Life | $118 | $1,414 |
| AAA | $118 | $1,418 |
| Assurity | $120 | $1,434 |
| Midland National | $129 | $1,541 |
| Cincinnati Life | $135 | $1,625 |
| Prudential | $140 | $1,680 |
| John Hancock | $143 | $1,719 |
| Pacific Life | $145 | $1,739 |
| Mutual of Omaha | $161 | $1,927 |
| Gerber Life (Fabric) | $166 | $1,986 |
| Protective Insurance | $166 | $1,990 |
| TransAmerica | $203 | $2,432 |
| CoreBridge | $207 | $2,485 |
| Legal&General | $211 | $2,532 |
| Life Insurance Co of The South West | $237 | $2,845 |
| National Life Group | $237 | $2,845 |
*Rates above are based on average quotes for 70-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Age is a significant factor in life insurance pricing. Rates increase exponentially as you get older because the probability of death rises with age. Insurance companies use actuarial tables that show mortality rates by age group to set premiums.
Read more about Life Insurance Rates:
| Protective Insurance | $23 | $280 |
| North American | $25 | $298 |
| Midland National | $25 | $298 |
| Columbus Life | $26 | $310 |
| Assurity | $27 | $319 |
| Foresters Financial | $27 | $326 |
| TransAmerica | $27 | $326 |
| Prudential | $27 | $330 |
| Cincinnati Life | $27 | $330 |
| SBLI | $27 | $332 |
| CoreBridge | $28 | $340 |
| Legal&General | $29 | $348 |
| Mutual of Omaha | $31 | $373 |
| Lincoln Financial | $32 | $385 |
| Pacific Life | $32 | $386 |
| Nationwide | $32 | $387 |
| AAA | $35 | $418 |
| Life Insurance Co of The South West | $38 | $453 |
| National Life Group | $38 | $453 |
| Fidelity Life | $41 | $489 |
| Gerber Life (Fabric) | $41 | $490 |
| John Hancock | $41 | $498 |
*Rates above are based on average quotes for 40-year-old smokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Smoking increases life insurance premiums because it can reduce life expectancy and increase health risks. Insurance companies base rates on statistical mortality data that shows smokers face higher risks of heart disease, cancer, stroke and respiratory conditions.
See also: Cheapest Life Insurance for Smokers and Best Life Insurance Companies for Smokers
Money-Saving Tip: Quit smoking for 12 months to qualify for cheaper non-smoker rates. This single change can save thousands over your policy term. Some insurers offer rate reductions after just 6 months of being tobacco-free.
No-exam life insurance provides coverage without a medical checkup, using health questions and medical record reviews instead. It offers faster approval but costs more than traditional policies with medical exams.
This option works best for people who need coverage quickly or have health conditions that might complicate the exam process. Find the top providers offering affordable life insurance with no medical exam for different ages and coverage levels below.
| Lincoln Financial | $7 | $87 |
| TransAmerica | $8 | $101 |
| Gerber Life (Fabric) | $9 | $105 |
| Assurity | $9 | $112 |
| Pacific Life | $10 | $118 |
| Mutual of Omaha | $11 | $128 |
| Nationwide | $11 | $129 |
| AAA | $11 | $134 |
| Fidelity Life | $14 | $164 |
*Rates above are based on average quotes for 40-year-olds. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Whole life insurance is a type of permanent policy that lasts a lifetime and includes a guaranteed cash value component that grows over time. Premiums stay fixed, making it predictable for long-term planning.
The tables below highlight the most affordable whole life insurance quotes for different coverage levels and profiles, allowing a side-by-side comparison of insurer pricing.
| $50,000 | Protective Insurance | $58 | $695 |
| $50,000 | Pacific Life | $63 | $756 |
| $100,000 | Protective Insurance | $116 | $1,391 |
| $100,000 | Pacific Life | $126 | $1,512 |
| $150,000 | Protective Insurance | $174 | $2,086 |
| $150,000 | Pacific Life | $189 | $2,268 |
| $200,000 | Protective Insurance | $232 | $2,782 |
| $200,000 | Pacific Life | $252 | $3,024 |
| $250,000 | Protective Insurance | $290 | $3,477 |
| $250,000 | Pacific Life | $315 | $3,779 |
| $300,000 | Protective Insurance | $348 | $4,173 |
| $300,000 | Pacific Life | $378 | $4,535 |
| $350,000 | Protective Insurance | $406 | $4,868 |
| $350,000 | Pacific Life | $441 | $5,291 |
| $400,000 | Protective Insurance | $464 | $5,563 |
| $400,000 | Pacific Life | $504 | $6,047 |
| $450,000 | Pacific Life | $567 | $6,803 |
| $450,000 | Protective Insurance | $522 | $6,259 |
| $500,000 | Protective Insurance | $580 | $6,954 |
| $500,000 | Pacific Life | $630 | $7,559 |
| $550,000 | Protective Insurance | $637 | $7,650 |
| $550,000 | Pacific Life | $693 | $8,315 |
| $600,000 | Protective Insurance | $695 | $8,345 |
| $600,000 | Pacific Life | $756 | $9,071 |
| $650,000 | Protective Insurance | $753 | $9,041 |
| $650,000 | Pacific Life | $819 | $9,827 |
| $700,000 | Protective Insurance | $811 | $9,736 |
| $700,000 | Pacific Life | $882 | $10,582 |
| $750,000 | Protective Insurance | $869 | $10,432 |
| $750,000 | Pacific Life | $945 | $11,338 |
| $800,000 | Protective Insurance | $927 | $11,127 |
| $800,000 | Pacific Life | $1,008 | $12,094 |
| $850,000 | Protective Insurance | $985 | $11,822 |
| $850,000 | Pacific Life | $1,071 | $12,850 |
| $900,000 | Protective Insurance | $1,043 | $12,518 |
| $900,000 | Pacific Life | $1,134 | $13,606 |
| $950,000 | Protective Insurance | $1,101 | $13,213 |
| $950,000 | Pacific Life | $1,197 | $14,362 |
| $1,000,000 | Protective Insurance | $1,159 | $13,909 |
| $1,000,000 | Pacific Life | $1,260 | $15,118 |
| $1,500,000 | Protective Insurance | $1,739 | $20,863 |
| $1,500,000 | Pacific Life | $1,890 | $22,677 |
| $2,500,000 | Protective Insurance | $2,898 | $34,772 |
| $2,500,000 | Pacific Life | $3,150 | $37,794 |
*Rates above are based on average quotes for 40-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Pacific Life | $40 | $475 |
| $50,000 | Protective Insurance | $40 | $483 |
| $100,000 | Pacific Life | $79 | $951 |
| $100,000 | Protective Insurance | $81 | $966 |
| $150,000 | Pacific Life | $119 | $1,426 |
| $150,000 | Protective Insurance | $121 | $1,449 |
| $200,000 | Pacific Life | $158 | $1,902 |
| $200,000 | Protective Insurance | $161 | $1,932 |
| $250,000 | Pacific Life | $198 | $2,377 |
| $250,000 | Protective Insurance | $201 | $2,415 |
| $300,000 | Pacific Life | $238 | $2,853 |
| $300,000 | Protective Insurance | $242 | $2,898 |
| $350,000 | Pacific Life | $277 | $3,328 |
| $350,000 | Protective Insurance | $282 | $3,381 |
| $400,000 | Pacific Life | $317 | $3,804 |
| $400,000 | Protective Insurance | $322 | $3,864 |
| $450,000 | Pacific Life | $357 | $4,279 |
| $450,000 | Protective Insurance | $362 | $4,347 |
| $500,000 | Pacific Life | $396 | $4,754 |
| $500,000 | Protective Insurance | $403 | $4,830 |
| $550,000 | Pacific Life | $436 | $5,230 |
| $550,000 | Protective Insurance | $443 | $5,313 |
| $600,000 | Pacific Life | $475 | $5,705 |
| $600,000 | Protective Insurance | $483 | $5,797 |
| $650,000 | Pacific Life | $515 | $6,181 |
| $650,000 | Protective Insurance | $523 | $6,280 |
| $700,000 | Pacific Life | $555 | $6,656 |
| $700,000 | Protective Insurance | $564 | $6,763 |
| $750,000 | Pacific Life | $594 | $7,132 |
| $750,000 | Protective Insurance | $604 | $7,246 |
| $800,000 | Pacific Life | $634 | $7,607 |
| $800,000 | Protective Insurance | $644 | $7,729 |
| $850,000 | Pacific Life | $674 | $8,083 |
| $850,000 | Protective Insurance | $684 | $8,212 |
| $900,000 | Pacific Life | $713 | $8,558 |
| $900,000 | Protective Insurance | $725 | $8,695 |
| $950,000 | Pacific Life | $753 | $9,033 |
| $950,000 | Protective Insurance | $765 | $9,178 |
| $1,000,000 | Pacific Life | $792 | $9,509 |
| $1,000,000 | Protective Insurance | $805 | $9,661 |
| $1,500,000 | Pacific Life | $1,189 | $14,263 |
| $1,500,000 | Protective Insurance | $1,208 | $14,491 |
| $2,500,000 | Pacific Life | $1,981 | $23,772 |
| $2,500,000 | Protective Insurance | $2,013 | $24,152 |
*Rates above are based on average quotes for 30-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Protective Insurance | $315 | $3,778 |
| $50,000 | Pacific Life | $346 | $4,157 |
| $100,000 | Protective Insurance | $630 | $7,557 |
| $100,000 | Pacific Life | $693 | $8,313 |
| $150,000 | Protective Insurance | $945 | $11,335 |
| $150,000 | Pacific Life | $1,039 | $12,470 |
| $200,000 | Protective Insurance | $1,259 | $15,113 |
| $200,000 | Pacific Life | $1,386 | $16,627 |
| $250,000 | Protective Insurance | $1,574 | $18,892 |
| $250,000 | Pacific Life | $1,732 | $20,783 |
| $300,000 | Protective Insurance | $1,889 | $22,670 |
| $300,000 | Pacific Life | $2,078 | $24,940 |
| $350,000 | Protective Insurance | $2,204 | $26,448 |
| $350,000 | Pacific Life | $2,425 | $29,097 |
| $400,000 | Protective Insurance | $2,519 | $30,227 |
| $400,000 | Pacific Life | $2,771 | $33,253 |
| $450,000 | Protective Insurance | $2,834 | $34,005 |
| $450,000 | Pacific Life | $3,118 | $37,410 |
| $500,000 | Pacific Life | $3,464 | $41,566 |
| $500,000 | Protective Insurance | $3,149 | $37,783 |
| $550,000 | Protective Insurance | $3,463 | $41,562 |
| $550,000 | Pacific Life | $3,810 | $45,723 |
| $600,000 | Protective Insurance | $3,778 | $45,340 |
| $600,000 | Pacific Life | $4,157 | $49,880 |
| $650,000 | Protective Insurance | $4,093 | $49,118 |
| $650,000 | Pacific Life | $4,503 | $54,036 |
| $700,000 | Protective Insurance | $4,408 | $52,897 |
| $700,000 | Pacific Life | $4,849 | $58,193 |
| $750,000 | Protective Insurance | $4,723 | $56,675 |
| $750,000 | Pacific Life | $5,196 | $62,350 |
| $800,000 | Protective Insurance | $5,038 | $60,454 |
| $800,000 | Pacific Life | $5,542 | $66,506 |
| $850,000 | Protective Insurance | $5,353 | $64,232 |
| $850,000 | Pacific Life | $5,889 | $70,663 |
| $900,000 | Protective Insurance | $5,668 | $68,010 |
| $900,000 | Pacific Life | $6,235 | $74,820 |
| $950,000 | Protective Insurance | $5,982 | $71,789 |
| $950,000 | Pacific Life | $6,581 | $78,976 |
| $1,000,000 | Protective Insurance | $6,297 | $75,567 |
| $1,000,000 | Pacific Life | $6,928 | $83,133 |
| $1,500,000 | Protective Insurance | $9,446 | $113,350 |
| $1,500,000 | Pacific Life | $10,392 | $124,699 |
| $2,500,000 | Protective Insurance | $15,743 | $188,917 |
| $2,500,000 | Pacific Life | $17,319 | $207,832 |
*Rates above are based on average quotes for 70-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Pacific Life | $102 | $1,219 |
| $50,000 | Protective Insurance | $119 | $1,427 |
| $100,000 | Pacific Life | $203 | $2,439 |
| $100,000 | Protective Insurance | $238 | $2,854 |
| $150,000 | Pacific Life | $305 | $3,658 |
| $150,000 | Protective Insurance | $357 | $4,280 |
| $200,000 | Pacific Life | $407 | $4,878 |
| $200,000 | Protective Insurance | $476 | $5,707 |
| $250,000 | Protective Insurance | $595 | $7,134 |
| $250,000 | Pacific Life | $508 | $6,097 |
| $300,000 | Pacific Life | $610 | $7,317 |
| $300,000 | Protective Insurance | $713 | $8,561 |
| $350,000 | Pacific Life | $711 | $8,536 |
| $350,000 | Protective Insurance | $832 | $9,988 |
| $400,000 | Pacific Life | $813 | $9,756 |
| $400,000 | Protective Insurance | $951 | $11,415 |
| $450,000 | Pacific Life | $915 | $10,975 |
| $450,000 | Protective Insurance | $1,070 | $12,841 |
| $500,000 | Pacific Life | $1,016 | $12,195 |
| $500,000 | Protective Insurance | $1,189 | $14,268 |
| $550,000 | Pacific Life | $1,118 | $13,414 |
| $550,000 | Protective Insurance | $1,308 | $15,695 |
| $600,000 | Pacific Life | $1,220 | $14,634 |
| $600,000 | Protective Insurance | $1,427 | $17,122 |
| $650,000 | Pacific Life | $1,321 | $15,853 |
| $650,000 | Protective Insurance | $1,546 | $18,549 |
| $700,000 | Pacific Life | $1,423 | $17,073 |
| $700,000 | Protective Insurance | $1,665 | $19,976 |
| $750,000 | Pacific Life | $1,524 | $18,292 |
| $750,000 | Protective Insurance | $1,784 | $21,402 |
| $800,000 | Pacific Life | $1,626 | $19,511 |
| $800,000 | Protective Insurance | $1,902 | $22,829 |
| $850,000 | Pacific Life | $1,728 | $20,731 |
| $850,000 | Protective Insurance | $2,021 | $24,256 |
| $900,000 | Pacific Life | $1,829 | $21,950 |
| $900,000 | Protective Insurance | $2,140 | $25,683 |
| $950,000 | Pacific Life | $1,931 | $23,170 |
| $950,000 | Protective Insurance | $2,259 | $27,110 |
| $1,000,000 | Pacific Life | $2,033 | $24,389 |
| $1,000,000 | Protective Insurance | $2,378 | $28,536 |
| $1,500,000 | Pacific Life | $3,049 | $36,584 |
| $1,500,000 | Protective Insurance | $3,567 | $42,805 |
| $2,500,000 | Pacific Life | $5,081 | $60,973 |
| $2,500,000 | Protective Insurance | $5,945 | $71,341 |
*Rates above are based on average quotes for 40-year-old smokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Universal life insurance combines lifelong protection with flexible premiums and the ability to build cash value. Policyholders can adjust their payments and death benefits over time, depending on their financial goals.
The tables below display average universal life insurance costs to show how rates vary by company.
| $50,000 | Protective Insurance | $24 | $292 |
| $50,000 | Pacific Life | $26 | $318 |
| $100,000 | Protective Insurance | $49 | $584 |
| $100,000 | Pacific Life | $53 | $635 |
| $150,000 | Protective Insurance | $73 | $877 |
| $150,000 | Pacific Life | $79 | $953 |
| $200,000 | Protective Insurance | $97 | $1,169 |
| $200,000 | Pacific Life | $106 | $1,270 |
| $250,000 | Protective Insurance | $122 | $1,461 |
| $250,000 | Pacific Life | $132 | $1,588 |
| $300,000 | Protective Insurance | $146 | $1,753 |
| $300,000 | Pacific Life | $159 | $1,906 |
| $350,000 | Protective Insurance | $170 | $2,045 |
| $350,000 | Pacific Life | $185 | $2,223 |
| $400,000 | Protective Insurance | $195 | $2,338 |
| $400,000 | Pacific Life | $212 | $2,541 |
| $450,000 | Protective Insurance | $219 | $2,630 |
| $450,000 | Pacific Life | $238 | $2,858 |
| $500,000 | Protective Insurance | $244 | $2,922 |
| $500,000 | Pacific Life | $265 | $3,176 |
| $550,000 | Protective Insurance | $268 | $3,214 |
| $550,000 | Pacific Life | $291 | $3,494 |
| $600,000 | Protective Insurance | $292 | $3,506 |
| $600,000 | Pacific Life | $318 | $3,811 |
| $650,000 | Protective Insurance | $317 | $3,799 |
| $650,000 | Pacific Life | $344 | $4,129 |
| $700,000 | Protective Insurance | $341 | $4,091 |
| $700,000 | Pacific Life | $371 | $4,446 |
| $750,000 | Protective Insurance | $365 | $4,383 |
| $750,000 | Pacific Life | $397 | $4,764 |
| $800,000 | Protective Insurance | $390 | $4,675 |
| $800,000 | Pacific Life | $423 | $5,082 |
| $850,000 | Protective Insurance | $414 | $4,967 |
| $850,000 | Pacific Life | $450 | $5,399 |
| $900,000 | Protective Insurance | $438 | $5,260 |
| $900,000 | Pacific Life | $476 | $5,717 |
| $950,000 | Protective Insurance | $463 | $5,552 |
| $950,000 | Pacific Life | $503 | $6,034 |
| $1,000,000 | Protective Insurance | $487 | $5,844 |
| $1,000,000 | Pacific Life | $529 | $6,352 |
| $1,500,000 | Protective Insurance | $731 | $8,766 |
| $1,500,000 | Pacific Life | $794 | $9,528 |
| $2,500,000 | Protective Insurance | $1,218 | $14,610 |
| $2,500,000 | Pacific Life | $1,323 | $15,880 |
*Rates above are based on average quotes for 40-year-olds with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Pacific Life | $18 | $219 |
| $50,000 | Protective Insurance | $19 | $223 |
| $100,000 | Pacific Life | $37 | $438 |
| $100,000 | Protective Insurance | $37 | $445 |
| $150,000 | Pacific Life | $55 | $657 |
| $150,000 | Protective Insurance | $56 | $668 |
| $200,000 | Pacific Life | $73 | $876 |
| $200,000 | Protective Insurance | $74 | $890 |
| $250,000 | Pacific Life | $91 | $1,096 |
| $250,000 | Protective Insurance | $93 | $1,113 |
| $300,000 | Pacific Life | $110 | $1,315 |
| $300,000 | Protective Insurance | $111 | $1,336 |
| $350,000 | Pacific Life | $128 | $1,534 |
| $350,000 | Protective Insurance | $130 | $1,558 |
| $400,000 | Pacific Life | $146 | $1,753 |
| $400,000 | Protective Insurance | $148 | $1,781 |
| $450,000 | Pacific Life | $164 | $1,972 |
| $450,000 | Protective Insurance | $167 | $2,003 |
| $500,000 | Pacific Life | $183 | $2,191 |
| $500,000 | Protective Insurance | $186 | $2,226 |
| $550,000 | Pacific Life | $201 | $2,410 |
| $550,000 | Protective Insurance | $204 | $2,449 |
| $600,000 | Pacific Life | $219 | $2,629 |
| $600,000 | Protective Insurance | $223 | $2,671 |
| $650,000 | Pacific Life | $237 | $2,848 |
| $650,000 | Protective Insurance | $241 | $2,894 |
| $700,000 | Pacific Life | $256 | $3,067 |
| $700,000 | Protective Insurance | $260 | $3,116 |
| $750,000 | Pacific Life | $274 | $3,287 |
| $750,000 | Protective Insurance | $278 | $3,339 |
| $800,000 | Pacific Life | $292 | $3,506 |
| $800,000 | Protective Insurance | $297 | $3,562 |
| $850,000 | Pacific Life | $310 | $3,725 |
| $850,000 | Protective Insurance | $315 | $3,784 |
| $900,000 | Pacific Life | $329 | $3,944 |
| $900,000 | Protective Insurance | $334 | $4,007 |
| $950,000 | Pacific Life | $347 | $4,163 |
| $950,000 | Protective Insurance | $352 | $4,229 |
| $1,000,000 | Pacific Life | $365 | $4,382 |
| $1,000,000 | Protective Insurance | $371 | $4,452 |
| $1,500,000 | Pacific Life | $548 | $6,573 |
| $1,500,000 | Protective Insurance | $557 | $6,678 |
| $2,500,000 | Pacific Life | $913 | $10,955 |
| $2,500,000 | Protective Insurance | $928 | $11,130 |
*Rates above are based on average quotes for 30-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Protective Insurance | $108 | $1,298 |
| $50,000 | Pacific Life | $119 | $1,428 |
| $100,000 | Protective Insurance | $216 | $2,597 |
| $100,000 | Pacific Life | $238 | $2,857 |
| $150,000 | Protective Insurance | $325 | $3,895 |
| $150,000 | Pacific Life | $357 | $4,285 |
| $200,000 | Protective Insurance | $433 | $5,194 |
| $200,000 | Pacific Life | $476 | $5,714 |
| $250,000 | Protective Insurance | $541 | $6,492 |
| $250,000 | Pacific Life | $595 | $7,142 |
| $300,000 | Protective Insurance | $649 | $7,790 |
| $300,000 | Pacific Life | $714 | $8,570 |
| $350,000 | Protective Insurance | $757 | $9,089 |
| $350,000 | Pacific Life | $833 | $9,999 |
| $400,000 | Protective Insurance | $866 | $10,387 |
| $400,000 | Pacific Life | $952 | $11,427 |
| $450,000 | Protective Insurance | $974 | $11,686 |
| $450,000 | Pacific Life | $1,071 | $12,856 |
| $500,000 | Protective Insurance | $1,082 | $12,984 |
| $500,000 | Pacific Life | $1,190 | $14,284 |
| $550,000 | Protective Insurance | $1,190 | $14,282 |
| $550,000 | Pacific Life | $1,309 | $15,712 |
| $600,000 | Protective Insurance | $1,298 | $15,581 |
| $600,000 | Pacific Life | $1,428 | $17,141 |
| $650,000 | Protective Insurance | $1,407 | $16,879 |
| $650,000 | Pacific Life | $1,547 | $18,569 |
| $700,000 | Protective Insurance | $1,515 | $18,178 |
| $700,000 | Pacific Life | $1,666 | $19,998 |
| $750,000 | Protective Insurance | $1,623 | $19,476 |
| $750,000 | Pacific Life | $1,786 | $21,426 |
| $800,000 | Protective Insurance | $1,731 | $20,774 |
| $800,000 | Pacific Life | $1,905 | $22,854 |
| $850,000 | Protective Insurance | $1,839 | $22,073 |
| $850,000 | Pacific Life | $2,024 | $24,283 |
| $900,000 | Protective Insurance | $1,948 | $23,371 |
| $900,000 | Pacific Life | $2,143 | $25,711 |
| $950,000 | Protective Insurance | $2,056 | $24,670 |
| $950,000 | Pacific Life | $2,262 | $27,140 |
| $1,000,000 | Protective Insurance | $2,164 | $25,968 |
| $1,000,000 | Pacific Life | $2,381 | $28,568 |
| $1,500,000 | Protective Insurance | $3,246 | $38,952 |
| $1,500,000 | Pacific Life | $3,571 | $42,852 |
| $2,500,000 | Protective Insurance | $5,410 | $64,920 |
| $2,500,000 | Pacific Life | $5,952 | $71,420 |
*Rates above are based on average quotes for 70-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Pacific Life | $43 | $512 |
| $50,000 | Protective Insurance | $50 | $600 |
| $100,000 | Pacific Life | $85 | $1,025 |
| $100,000 | Protective Insurance | $100 | $1,199 |
| $150,000 | Pacific Life | $128 | $1,537 |
| $150,000 | Protective Insurance | $150 | $1,799 |
| $200,000 | Pacific Life | $171 | $2,050 |
| $200,000 | Protective Insurance | $200 | $2,398 |
| $250,000 | Pacific Life | $214 | $2,562 |
| $250,000 | Protective Insurance | $250 | $2,998 |
| $300,000 | Pacific Life | $256 | $3,074 |
| $300,000 | Protective Insurance | $300 | $3,597 |
| $350,000 | Pacific Life | $299 | $3,587 |
| $350,000 | Protective Insurance | $350 | $4,197 |
| $400,000 | Pacific Life | $342 | $4,099 |
| $400,000 | Protective Insurance | $400 | $4,796 |
| $450,000 | Protective Insurance | $450 | $5,396 |
| $450,000 | Pacific Life | $384 | $4,611 |
| $500,000 | Pacific Life | $427 | $5,124 |
| $500,000 | Protective Insurance | $500 | $5,995 |
| $550,000 | Pacific Life | $470 | $5,636 |
| $550,000 | Protective Insurance | $550 | $6,595 |
| $600,000 | Pacific Life | $512 | $6,149 |
| $600,000 | Protective Insurance | $600 | $7,194 |
| $650,000 | Pacific Life | $555 | $6,661 |
| $650,000 | Protective Insurance | $649 | $7,794 |
| $700,000 | Pacific Life | $598 | $7,173 |
| $700,000 | Protective Insurance | $699 | $8,393 |
| $750,000 | Pacific Life | $641 | $7,686 |
| $750,000 | Protective Insurance | $749 | $8,993 |
| $800,000 | Pacific Life | $683 | $8,198 |
| $800,000 | Protective Insurance | $799 | $9,592 |
| $850,000 | Pacific Life | $726 | $8,710 |
| $850,000 | Protective Insurance | $849 | $10,192 |
| $900,000 | Pacific Life | $769 | $9,223 |
| $900,000 | Protective Insurance | $899 | $10,791 |
| $950,000 | Pacific Life | $811 | $9,735 |
| $950,000 | Protective Insurance | $949 | $11,391 |
| $1,000,000 | Pacific Life | $854 | $10,248 |
| $1,000,000 | Protective Insurance | $999 | $11,990 |
| $1,500,000 | Pacific Life | $1,281 | $15,371 |
| $1,500,000 | Protective Insurance | $1,499 | $17,985 |
| $2,500,000 | Pacific Life | $2,135 | $25,619 |
| $2,500,000 | Protective Insurance | $2,498 | $29,975 |
*Rates above are based on average quotes for 40-year-old smokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Indexed universal life insurance (IUL) is a type of universal policy where cash value growth is tied to a stock market index, such as the S&P 500. It provides flexible premiums, adjustable death benefits, and potential market-linked growth with downside protection.
The tables below outline the cheapest indexed universal life insurance quotes for various coverage options, offering a comparison of affordability among providers.
| $50,000 | Protective Insurance | $28 | $336 |
| $50,000 | Pacific Life | $30 | $365 |
| $50,000 | Legal&General | $42 | $505 |
| $100,000 | Protective Insurance | $56 | $672 |
| $100,000 | Pacific Life | $61 | $730 |
| $100,000 | Legal&General | $84 | $1,010 |
| $150,000 | Protective Insurance | $84 | $1,008 |
| $150,000 | Pacific Life | $91 | $1,096 |
| $150,000 | Legal&General | $126 | $1,515 |
| $200,000 | Protective Insurance | $112 | $1,344 |
| $200,000 | Pacific Life | $122 | $1,461 |
| $200,000 | Legal&General | $168 | $2,020 |
| $250,000 | Legal&General | $210 | $2,526 |
| $250,000 | Protective Insurance | $140 | $1,680 |
| $250,000 | Pacific Life | $152 | $1,826 |
| $300,000 | Protective Insurance | $168 | $2,016 |
| $300,000 | Pacific Life | $183 | $2,191 |
| $300,000 | Legal&General | $253 | $3,031 |
| $350,000 | Protective Insurance | $196 | $2,352 |
| $350,000 | Pacific Life | $213 | $2,557 |
| $350,000 | Legal&General | $295 | $3,536 |
| $400,000 | Protective Insurance | $224 | $2,688 |
| $400,000 | Pacific Life | $244 | $2,922 |
| $400,000 | Legal&General | $337 | $4,041 |
| $450,000 | Protective Insurance | $252 | $3,024 |
| $450,000 | Pacific Life | $274 | $3,287 |
| $450,000 | Legal&General | $379 | $4,546 |
| $500,000 | Protective Insurance | $280 | $3,360 |
| $500,000 | Pacific Life | $304 | $3,652 |
| $500,000 | Legal&General | $421 | $5,051 |
| $550,000 | Protective Insurance | $308 | $3,696 |
| $550,000 | Pacific Life | $335 | $4,018 |
| $550,000 | Legal&General | $463 | $5,556 |
| $600,000 | Protective Insurance | $336 | $4,032 |
| $600,000 | Pacific Life | $365 | $4,383 |
| $600,000 | Legal&General | $505 | $6,061 |
| $650,000 | Protective Insurance | $364 | $4,368 |
| $650,000 | Pacific Life | $396 | $4,748 |
| $650,000 | Legal&General | $547 | $6,566 |
| $700,000 | Protective Insurance | $392 | $4,704 |
| $700,000 | Pacific Life | $426 | $5,113 |
| $700,000 | Legal&General | $589 | $7,071 |
| $750,000 | Protective Insurance | $420 | $5,040 |
| $750,000 | Pacific Life | $457 | $5,479 |
| $750,000 | Legal&General | $631 | $7,577 |
| $800,000 | Protective Insurance | $448 | $5,376 |
| $800,000 | Pacific Life | $487 | $5,844 |
| $800,000 | Legal&General | $673 | $8,082 |
| $850,000 | Protective Insurance | $476 | $5,713 |
| $850,000 | Pacific Life | $517 | $6,209 |
| $850,000 | Legal&General | $716 | $8,587 |
| $900,000 | Protective Insurance | $504 | $6,049 |
| $900,000 | Pacific Life | $548 | $6,574 |
| $900,000 | Legal&General | $758 | $9,092 |
| $950,000 | Protective Insurance | $532 | $6,385 |
| $950,000 | Pacific Life | $578 | $6,940 |
| $950,000 | Legal&General | $800 | $9,597 |
| $1,000,000 | Protective Insurance | $560 | $6,721 |
| $1,000,000 | Pacific Life | $609 | $7,305 |
| $1,000,000 | Legal&General | $842 | $10,102 |
| $1,500,000 | Protective Insurance | $840 | $10,081 |
| $1,500,000 | Pacific Life | $913 | $10,957 |
| $1,500,000 | Legal&General | $1,263 | $15,153 |
| $2,500,000 | Protective Insurance | $1,400 | $16,802 |
| $2,500,000 | Pacific Life | $1,522 | $18,262 |
| $2,500,000 | Legal&General | $2,105 | $25,255 |
*Rates above are based on average quotes for 40-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Protective Insurance | $22 | $269 |
| $50,000 | Pacific Life | $22 | $265 |
| $50,000 | Legal&General | $29 | $352 |
| $100,000 | Protective Insurance | $45 | $539 |
| $100,000 | Pacific Life | $44 | $530 |
| $100,000 | Legal&General | $59 | $705 |
| $150,000 | Protective Insurance | $67 | $808 |
| $150,000 | Pacific Life | $66 | $795 |
| $150,000 | Legal&General | $88 | $1,057 |
| $200,000 | Protective Insurance | $90 | $1,077 |
| $200,000 | Pacific Life | $88 | $1,060 |
| $200,000 | Legal&General | $117 | $1,409 |
| $250,000 | Protective Insurance | $112 | $1,347 |
| $250,000 | Pacific Life | $110 | $1,326 |
| $250,000 | Legal&General | $147 | $1,762 |
| $300,000 | Protective Insurance | $135 | $1,616 |
| $300,000 | Pacific Life | $133 | $1,591 |
| $300,000 | Legal&General | $176 | $2,114 |
| $350,000 | Protective Insurance | $157 | $1,885 |
| $350,000 | Pacific Life | $155 | $1,856 |
| $350,000 | Legal&General | $206 | $2,466 |
| $400,000 | Protective Insurance | $180 | $2,155 |
| $400,000 | Pacific Life | $177 | $2,121 |
| $400,000 | Legal&General | $235 | $2,818 |
| $450,000 | Pacific Life | $199 | $2,386 |
| $450,000 | Legal&General | $264 | $3,171 |
| $450,000 | Protective Insurance | $202 | $2,424 |
| $500,000 | Protective Insurance | $224 | $2,693 |
| $500,000 | Pacific Life | $221 | $2,651 |
| $500,000 | Legal&General | $294 | $3,523 |
| $550,000 | Protective Insurance | $247 | $2,963 |
| $550,000 | Pacific Life | $243 | $2,916 |
| $550,000 | Legal&General | $323 | $3,875 |
| $600,000 | Protective Insurance | $269 | $3,232 |
| $600,000 | Pacific Life | $265 | $3,181 |
| $600,000 | Legal&General | $352 | $4,228 |
| $650,000 | Protective Insurance | $292 | $3,502 |
| $650,000 | Pacific Life | $287 | $3,446 |
| $650,000 | Legal&General | $382 | $4,580 |
| $700,000 | Protective Insurance | $314 | $3,771 |
| $700,000 | Pacific Life | $309 | $3,712 |
| $700,000 | Legal&General | $411 | $4,932 |
| $750,000 | Protective Insurance | $337 | $4,040 |
| $750,000 | Pacific Life | $331 | $3,977 |
| $750,000 | Legal&General | $440 | $5,285 |
| $800,000 | Protective Insurance | $359 | $4,310 |
| $800,000 | Pacific Life | $353 | $4,242 |
| $800,000 | Legal&General | $470 | $5,637 |
| $850,000 | Protective Insurance | $382 | $4,579 |
| $850,000 | Pacific Life | $376 | $4,507 |
| $850,000 | Legal&General | $499 | $5,989 |
| $900,000 | Protective Insurance | $404 | $4,848 |
| $900,000 | Pacific Life | $398 | $4,772 |
| $900,000 | Legal&General | $528 | $6,341 |
| $950,000 | Legal&General | $558 | $6,694 |
| $950,000 | Protective Insurance | $426 | $5,118 |
| $950,000 | Pacific Life | $420 | $5,037 |
| $1,000,000 | Protective Insurance | $449 | $5,387 |
| $1,000,000 | Pacific Life | $442 | $5,302 |
| $1,000,000 | Legal&General | $587 | $7,046 |
| $1,500,000 | Protective Insurance | $673 | $8,080 |
| $1,500,000 | Pacific Life | $663 | $7,953 |
| $1,500,000 | Legal&General | $881 | $10,569 |
| $2,500,000 | Protective Insurance | $1,122 | $13,467 |
| $2,500,000 | Pacific Life | $1,105 | $13,256 |
| $2,500,000 | Legal&General | $1,468 | $17,615 |
*Rates above are based on average quotes for 30-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Protective Insurance | $136 | $1,636 |
| $50,000 | Pacific Life | $150 | $1,800 |
| $50,000 | Legal&General | $191 | $2,287 |
| $100,000 | Protective Insurance | $273 | $3,272 |
| $100,000 | Pacific Life | $300 | $3,600 |
| $100,000 | Legal&General | $381 | $4,575 |
| $150,000 | Protective Insurance | $409 | $4,908 |
| $150,000 | Pacific Life | $450 | $5,399 |
| $150,000 | Legal&General | $572 | $6,862 |
| $200,000 | Protective Insurance | $545 | $6,544 |
| $200,000 | Pacific Life | $600 | $7,199 |
| $200,000 | Legal&General | $762 | $9,149 |
| $250,000 | Protective Insurance | $682 | $8,180 |
| $250,000 | Pacific Life | $750 | $8,999 |
| $250,000 | Legal&General | $953 | $11,437 |
| $300,000 | Protective Insurance | $818 | $9,816 |
| $300,000 | Pacific Life | $900 | $10,799 |
| $300,000 | Legal&General | $1,144 | $13,724 |
| $350,000 | Protective Insurance | $954 | $11,452 |
| $350,000 | Pacific Life | $1,050 | $12,598 |
| $350,000 | Legal&General | $1,334 | $16,011 |
| $400,000 | Protective Insurance | $1,091 | $13,088 |
| $400,000 | Pacific Life | $1,200 | $14,398 |
| $400,000 | Legal&General | $1,525 | $18,298 |
| $450,000 | Protective Insurance | $1,227 | $14,724 |
| $450,000 | Pacific Life | $1,350 | $16,198 |
| $450,000 | Legal&General | $1,715 | $20,586 |
| $500,000 | Protective Insurance | $1,363 | $16,360 |
| $500,000 | Pacific Life | $1,500 | $17,998 |
| $500,000 | Legal&General | $1,906 | $22,873 |
| $550,000 | Protective Insurance | $1,500 | $17,996 |
| $550,000 | Pacific Life | $1,650 | $19,798 |
| $550,000 | Legal&General | $2,097 | $25,160 |
| $600,000 | Protective Insurance | $1,636 | $19,632 |
| $600,000 | Pacific Life | $1,800 | $21,597 |
| $600,000 | Legal&General | $2,287 | $27,448 |
| $650,000 | Protective Insurance | $1,772 | $21,268 |
| $650,000 | Pacific Life | $1,950 | $23,397 |
| $650,000 | Legal&General | $2,478 | $29,735 |
| $700,000 | Protective Insurance | $1,909 | $22,904 |
| $700,000 | Pacific Life | $2,100 | $25,197 |
| $700,000 | Legal&General | $2,669 | $32,022 |
| $750,000 | Protective Insurance | $2,045 | $24,540 |
| $750,000 | Pacific Life | $2,250 | $26,997 |
| $750,000 | Legal&General | $2,859 | $34,310 |
| $800,000 | Protective Insurance | $2,181 | $26,176 |
| $800,000 | Pacific Life | $2,400 | $28,797 |
| $800,000 | Legal&General | $3,050 | $36,597 |
| $850,000 | Protective Insurance | $2,318 | $27,812 |
| $850,000 | Pacific Life | $2,550 | $30,596 |
| $850,000 | Legal&General | $3,240 | $38,884 |
| $900,000 | Protective Insurance | $2,454 | $29,448 |
| $900,000 | Pacific Life | $2,700 | $32,396 |
| $900,000 | Legal&General | $3,431 | $41,171 |
| $950,000 | Protective Insurance | $2,590 | $31,084 |
| $950,000 | Pacific Life | $2,850 | $34,196 |
| $950,000 | Legal&General | $3,622 | $43,459 |
| $1,000,000 | Protective Insurance | $2,727 | $32,720 |
| $1,000,000 | Pacific Life | $3,000 | $35,996 |
| $1,000,000 | Legal&General | $3,812 | $45,746 |
| $1,500,000 | Protective Insurance | $4,090 | $49,080 |
| $1,500,000 | Pacific Life | $4,499 | $53,994 |
| $1,500,000 | Legal&General | $5,718 | $68,619 |
| $2,500,000 | Legal&General | $9,530 | $114,365 |
| $2,500,000 | Protective Insurance | $6,817 | $81,799 |
| $2,500,000 | Pacific Life | $7,499 | $89,989 |
*Rates above are based on average quotes for 70-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
| $50,000 | Pacific Life | $49 | $589 |
| $50,000 | Legal&General | $55 | $656 |
| $50,000 | Protective Insurance | $57 | $689 |
| $100,000 | Pacific Life | $98 | $1,178 |
| $100,000 | Legal&General | $109 | $1,312 |
| $100,000 | Protective Insurance | $115 | $1,379 |
| $150,000 | Pacific Life | $147 | $1,768 |
| $150,000 | Legal&General | $164 | $1,968 |
| $150,000 | Protective Insurance | $172 | $2,068 |
| $200,000 | Pacific Life | $196 | $2,357 |
| $200,000 | Legal&General | $219 | $2,624 |
| $200,000 | Protective Insurance | $230 | $2,758 |
| $250,000 | Pacific Life | $246 | $2,946 |
| $250,000 | Legal&General | $273 | $3,280 |
| $250,000 | Protective Insurance | $287 | $3,447 |
| $300,000 | Pacific Life | $295 | $3,535 |
| $300,000 | Legal&General | $328 | $3,936 |
| $300,000 | Protective Insurance | $345 | $4,137 |
| $350,000 | Pacific Life | $344 | $4,125 |
| $350,000 | Legal&General | $383 | $4,592 |
| $350,000 | Protective Insurance | $402 | $4,826 |
| $400,000 | Pacific Life | $393 | $4,714 |
| $400,000 | Legal&General | $437 | $5,248 |
| $400,000 | Protective Insurance | $460 | $5,515 |
| $450,000 | Pacific Life | $442 | $5,303 |
| $450,000 | Legal&General | $492 | $5,904 |
| $450,000 | Protective Insurance | $517 | $6,205 |
| $500,000 | Pacific Life | $491 | $5,892 |
| $500,000 | Legal&General | $547 | $6,560 |
| $500,000 | Protective Insurance | $575 | $6,894 |
| $550,000 | Pacific Life | $540 | $6,482 |
| $550,000 | Legal&General | $601 | $7,216 |
| $550,000 | Protective Insurance | $632 | $7,584 |
| $600,000 | Pacific Life | $589 | $7,071 |
| $600,000 | Legal&General | $656 | $7,872 |
| $600,000 | Protective Insurance | $689 | $8,273 |
| $650,000 | Pacific Life | $638 | $7,660 |
| $650,000 | Legal&General | $711 | $8,527 |
| $650,000 | Protective Insurance | $747 | $8,963 |
| $700,000 | Pacific Life | $687 | $8,249 |
| $700,000 | Legal&General | $765 | $9,183 |
| $700,000 | Protective Insurance | $804 | $9,652 |
| $750,000 | Protective Insurance | $862 | $10,341 |
| $750,000 | Pacific Life | $737 | $8,839 |
| $750,000 | Legal&General | $820 | $9,839 |
| $800,000 | Pacific Life | $786 | $9,428 |
| $800,000 | Legal&General | $875 | $10,495 |
| $800,000 | Protective Insurance | $919 | $11,031 |
| $850,000 | Pacific Life | $835 | $10,017 |
| $850,000 | Legal&General | $929 | $11,151 |
| $850,000 | Protective Insurance | $977 | $11,720 |
| $900,000 | Pacific Life | $884 | $10,606 |
| $900,000 | Legal&General | $984 | $11,807 |
| $900,000 | Protective Insurance | $1,034 | $12,410 |
| $950,000 | Pacific Life | $933 | $11,196 |
| $950,000 | Legal&General | $1,039 | $12,463 |
| $950,000 | Protective Insurance | $1,092 | $13,099 |
| $1,000,000 | Pacific Life | $982 | $11,785 |
| $1,000,000 | Legal&General | $1,093 | $13,119 |
| $1,000,000 | Protective Insurance | $1,149 | $13,789 |
| $1,500,000 | Pacific Life | $1,473 | $17,677 |
| $1,500,000 | Legal&General | $1,640 | $19,679 |
| $1,500,000 | Protective Insurance | $1,724 | $20,683 |
| $2,500,000 | Legal&General | $2,733 | $32,798 |
| $2,500,000 | Protective Insurance | $2,873 | $34,472 |
| $2,500,000 | Pacific Life | $2,455 | $29,462 |
*Rates above are based on average quotes for 40-year-old smokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
Guaranteed acceptance life insurance is a permanent policy that doesn't require medical exams or health questions for approval. It’s often chosen by older adults who may not qualify for other forms of coverage.
The tables below present average guaranteed life insurance rates from the cheapest providers, showing costs across different coverage levels.
| Geico (Lifequotes.com) | $3 | $33 |
| Gerber Life (Fabric) | $4 | $51 |
| AARP | $4 | $53 |
| TruStage | $5 | $66 |
*Rates above are based on average quotes for 50-year-old nonsmokers with average weight and health ratings. Individual rates vary based on health, location, and other personal factors. These averages may not reflect your actual quotes.
The most affordable life insurance company for you depends on your coverage needs, health, age and financial goals. Follow these strategies to find the cheapest policy and choose the right coverage and provider.
Research and planning lead to substantial savings on your life insurance premiums. Follow these steps for affordable life insurance:
Term life insurance costs less than whole or universal life policies because it provides a death benefit only for a specified term and doesn't build cash value.
Your age determines your premium rates. Younger applicants get cheaper rates because they present less risk to insurers.
Health directly affects life insurance premiums. Smoking, excessive drinking, high BMI and pre-existing medical conditions increase your costs. Healthy habits lead to cheaper rates.
Laddering involves buying multiple term life policies with different lengths instead of one large policy. For instance, if you need more coverage now but less in the future, buy one 10-year policy and another 20-year plan instead of a single 30-year policy. When the shorter-term policy ends, you're left with less coverage, which matches your anticipated needs and lowers overall costs.
Prices vary between insurers. Compare rates from multiple insurers using an online comparison tool to find cheaper life insurance quotes.
Life changes like quitting smoking or paying off a mortgage can qualify you for lower premiums. Review your policy regularly to ensure it remains cost-effective and meets your needs.
For budget-conscious consumers seeking substantial coverage, term life insurance offers the cheapest rates. However, other policy types work better depending on your situation.
Understanding the key differences between policy types can help you find the cheapest life insurance policy for your needs. Here's a comparison of the main types of life insurance policies:
Term Life
| Lowest monthly premiums for healthy individuals. Coverage for specific period (10, 20, 30 years). No cash value component. Expires at end of term. | $25K-$10M
| Usually required
| Highest coverage at lowest cost
|
No-Exam Term Life | Convenient application without medical exams. Competitive rates for young, healthy applicants. Often more expensive than traditional term for those 40+. Quick approval (sometimes within 24 hours). | $25K-$3M
| Not required | Quick coverage, young buyers |
Guaranteed Acceptance
| No health questions or medical exams. Higher premiums for amount of coverage. Usually includes 2-3 year waiting period for full benefits. Permanent coverage with fixed premiums. | $5K-$50K
| Not required
| Seniors with health issues
|
Permanent
| Lifetime coverage that never expires. Builds cash value over time. Much higher premiums than term insurance. Options include whole, universal, and variable policies. | $10K-$10M+
| Usually required
| Lifetime coverage with cash value
|
Simplified underwriting (health questions but no exam). Moderate coverage specifically for burial/funeral costs. Permanent coverage that never expires. Fixed premiums that don't increase with age. | $5K-$35K
| Not required
| End-of-life costs only
|
Below are tips to help you secure the most affordable life insurance coverage:
Pay annually instead of monthly to typically save 3% to 8% on premiums, which can add up to hundreds of dollars in savings over your entire policy term.
Use comparison sites to quickly gather multiple quotes simultaneously rather than visiting individual insurer websites one by one, saving time and ensuring you can find a cheaper life insurance quote.
If a medical exam is required, fast for eight to 12 hours beforehand, avoid alcohol for 48 hours and limit caffeine and exercise for 24 hours to ensure the best possible test results which leads to cheaper life insurance quotes.
Have precise health, lifestyle and family history details ready before starting. Correcting application errors later could lead to higher rates and delays in your coverage.
If your quoted rate comes back higher than expected, consider adjusting the term length or making slight coverage modifications to reduce your life insurance premium.
Be thorough and honest on all forms. Any undisclosed information discovered during underwriting can result in higher premiums or even denied claims down the road.
Submit any requested medical records or explanations quickly to speed up the underwriting process and prevent your temporary coverage from expiring while you wait.
Most applications take two to six weeks from submission to approval. The process is faster for no-exam policies (sometimes just days), but these typically come with higher premiums unless you're young and in excellent health.
Life insurance quotes will vary depending on the provider you choose, on top of personal factors and your chosen coverage. Using our calculator below, get quotes from top providers that fit your needs to protect your loved ones.
We’ll give you a suggested amount of cover to buy in just 3 easy steps. — it's free, no personal information required, no spam.
Rates updated:
Aug 28, 2025
Your health status and Body Mass Index (BMI) directly influence life insurance premiums. Insurers use medical exams, health questionnaires, and sometimes medical records to assess your risk. Better health equals lower rates, while chronic conditions or high BMI result in higher premiums.
MoneyGeek also has the following related pages:
Most people need more coverage during their working years with dependents, and less as they age. Review your needs every few years, especially after major life events like marriage, childbirth, home purchase or retirement. The table shows recommended coverage for different life stages:
Life Stage | Recommended Coverage | Key Considerations |
|---|---|---|
Single Adult | 5-10× annual income | Cover debts, final expenses, and legacy goals |
Young Family | 10-15× annual income | Replace income, cover childcare, education |
Established Family | 7-10× annual income | Cover remaining mortgage, education, income |
Empty Nesters | 5× annual income | Cover final years of work, remaining debts |
Retirees | $15,000-$50,000 | Primarily for final expenses and remaining debts |
Besides the typical income multiplier method, you can alternatively use the DIME method to determine your life insurance coverage needs. This adds your Debt + Income needs + Mortgage + Education to get the correct amount of coverage.
Our nationwide analysis found that Protective, CoreBridge, USAA, North American, Midland National and Ethos offer the lowest average life insurance rates across different customer profiles and policy types. Compare quotes from multiple providers since rates vary based on your age, health, coverage amount and other personal factors.
Below are some of common questions regarding cheap life insurance providers:
The cheapest life insurance company depends on the type of policy and the applicant's profile. Overall, Protective and CoreBridge offer the lowest average rates for term life insurance: $40 monthly for men and $32 monthly for women, respectively.
For permanent policies, USAA, North American, Midland National and Ethos are among the cheapest companies.
Term life insurance is typically the cheapest type of life insurance. Its affordability comes from its simplicity, covering the policyholder for a specific period. Unlike whole life insurance, it doesn't have a cash value component, making premiums considerably less expensive while providing substantial death benefits.
To get affordable life insurance, start by researching and comparing policies and providers. Prioritize a healthy lifestyle to get better rates. Choose term insurance for cost-effective coverage, and consider laddering policies. Review your policy regularly to ensure it aligns with your changing needs.
If you can't afford your life insurance policy, it may lapse, leaving you without coverage. Before this happens, contact your provider to discuss your options, which may include reducing your death benefit or switching to a cheaper policy.
If your policy lapses and you want to reinstate it, you may need to catch up on premium payments, pay a reinstatement fee and pass a health exam, depending on the insurer's guidelines.
The most significant factors affecting life insurance premiums are age, health status, gender, smoking status and coverage amount. Younger applicants receive lower rates, as do those in excellent health.
Smokers typically pay two to three times more than non-smokers, and men usually pay higher premiums than women. The higher your coverage amount and the longer your term, the more your policy will cost.
The average cost of life insurance varies by policy type, coverage level and applicant profile. According to MoneyGeek's analysis, a healthy nonsmoking adult pays an average of $7 to $804 per month for a term policy. Smokers pay more due to the health risks associated with smoking. Young adults pay less, while seniors pay more due to life expectancy and health risks.
Choosing permanent policies, such as whole, universal, and indexed universal, can also increase premiums.
Yes, term life insurance is almost always cheaper than whole life insurance for the same coverage amount. This price difference exists because whole life includes a cash value component and provides lifetime coverage, while term only covers a specific period.
For term life insurance, your premium remains fixed throughout the entire term. However, if you renew after your term expires, the new premium will be based on your current age and health, resulting in higher rates.
For whole life insurance, rates are typically fixed for life. Some universal life policies can have premiums that fluctuate based on market conditions.
Buying life insurance early can result in substantial savings. For example, a 30-year-old male might pay about $9 to $17 per month for a $250,000, 10-year term policy, while waiting until age 40 could increase that rate to $14 to $26.
Over a 10-year term, buying at 30 instead of 40 could save about $840 on average, with potential savings reaching as high as $2,000, depending on the rates.
High-risk occupations like commercial fishers, loggers, pilots, roofers and certain construction workers typically pay 25% to 50% more for life insurance. Desk jobs and low-risk professions receive the best rates. Some insurers specialize in covering certain high-risk professions and may offer more competitive rates.
Paying annually instead of monthly typically saves 3% to 8% on your total premium. For example, on a $300 annual premium, monthly payments might total $324 over the year. Over a 20-year term, this could save you nearly $500. Some insurers also offer discounts for automatic payments from your bank account.
Finding affordable life insurance can feel overwhelming when you're comparing dozens of companies with different rate structures and coverage options. That's why we developed a targeted research approach specifically for cost-conscious shoppers who want reliable coverage without overpaying.
Our Standard Customer Profile
We used a consistent baseline profile to ensure fair comparisons across insurers:
To determine the cheapest overall companies, we calculated average rates for 30- to 49-year-olds.
This profile represents a common demographic seeking life insurance and allows for meaningful rate comparisons. We chose these specifications because they reflect typical underwriting scenarios that most applicants encounter.
Coverage Analysis Strategy
Our research focused on companies that offer nationwide coverage and provide online quotes: two factors that matter most when you're shopping for affordable rates. We collected quotes across multiple term lengths and coverage amounts to identify consistent patterns in pricing.
Rate Comparison Process
Beyond our standard profile, we modified key variables to understand how rates change based on:
This approach revealed pricing trends that helped us calculate projections and identify which companies consistently offer the most competitive rates for different customer types.
Why This Methodology Works
By using standardized profiles and focusing on companies with broad availability, we eliminated variables that could skew results. Our cheapest overall recommendation reflects rates for our standard profile, with specific callouts when different demographics might find better deals elsewhere.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
