20-Year Term Life Insurance Costs in January 2024
Comparing rates from various insurers can help you find the best 20-year term life policy to financially protect your family. The average monthly premium is $26 for a 40-year-old with $250,000 in coverage.
Updated: February 2, 2024
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About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.