In this article, we’ll provide an overview of the cost of a $250,000 Life Insurance Policy —whether it’s Term Life, Whole Life, or No Medical Exam— and provide sample rates, from ages 20 to 80: healthy or on medication, male or female.
10, 15, 20 and 30 Year Term Quotes for $250,000 Policies
Term life insurance rates are based on age and gender. The older you are the more life insurance costs, even if you have a perfect health record.
The “term” you choose simply means how long your premium and death benefit stay level.
In other words, if you selected a $250,000 10-year term policy, the premium cannot change for 10 years. After that, it goes up.
Life expectancy is still developing as well due to advances in technology or treatments that help keep someone alive for longer periods of time versus decades ago when there were not many medical advancements.
When life insurance was first introduced it only covered life span, but life expectancy is much different now than when life insurance to cover life expectancy was first devised. The life expectancy rate by age group still makes the most sense though, as life insurance rates are not adjusted for every single person.
To see your rates customized to your age, health, and state of residence, we can help…
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$250,000 10 YEAR TERM LIFE INSURANCE POLICY
| 250K 10 Year Term | Male | Female |
|---|---|---|
| Age 30 | $9.68 | $8.60 |
| Age 40 | $11.83 | $10.62 |
| Age 50 | $23.71 | $20.21 |
| Age 60 | $56.44 | $40.76 |
| Age 70 | $167.44 | $106.00 |
* It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 10 Year Term Life Insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75.
$250,000 15 YEAR TERM LIFE INSURANCE POLICY
| 250K 15 Year Term | Male | Female |
|---|---|---|
| Age 30 | $10.20 | $9.57 |
| Age 40 | $13.08 | $12.62 |
| Age 50 | $30.69 | $23.76 |
| Age 60 | $71.89 | $52.63 |
| Age 70 | $233.69 | $155.81 |
* It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 15 Year Term Life Insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75.
$250,000 20 YEAR TERM LIFE INSURANCE POLICY
| 250K 20 Year Term | Male | Female |
|---|---|---|
| Age 30 | $12.52 | $11.10 |
| Age 40 | $16.56 | $14.96 |
| Age 50 | $38.92 | $30.99 |
| Age 60 | $105.04 | $75.81 |
| Age 70 | $407.14 | $333.51 |
*It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 20 Year Term Life Insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75.
$250,000 30 YEAR TERM LIFE INSURANCE POLICY
| 250K 30 Year Term | Male | Female |
|---|---|---|
| Age 30 | $18.34 | $15.69 |
| Age 40 | $28.48 | $23.10 |
| Age 50 | $68.07 | $51.81 |
*Updated for 2022: Rates above are monthly and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 30 Year Term Life Insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75. We know all the ins and outs to get you the cheapest rates for a $250,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
$250,000 WHOLE AND UNIVERSAL LIFE QUOTES – TO AGES 90, 95, AND 100
If you are in good health and want guaranteed coverage we may suggest a guaranteed universal life insurance quote for one of our preferred carriers.
If you decide to go with guaranteed premiums it is good to keep in mind that the policy will only last until age 95 or 100 and then it expires so if you live longer than that, your premiums will increase significantly.
Universal Life Insurance Quote Charts:
The following charts below represent guaranteed coverage to age 95 and 100.
For example, a policy guaranteed to age 95 means that the company guarantees this rate from the issue date (not necessarily the purchase date) of the policy all the way to 95 years old. These quotes do not take into account any cash value. This sort of account builds little-to-no cash. It’s purely life insurance coverage.
If you compare these rates to a guaranteed whole life insurance policy which includes cash value build up, the whole life rates will be much higher.
It is not uncommon to get a universal life insurance policy guaranteed to age 90, 95, or 100 without any medical exam required. As always we can make these policies whole life, universal life, or term based on what works better for your budget and specific needs.
$250,000 LIFE INSURANCE POLICY UNIVERSAL GUARANTEED TO AGE 95
| 250K Guaranteed Age 95 | Male | Female |
|---|---|---|
| Age 30 | $1,008.44 | $799.00 |
| Age 40 | $1,333.06 | $1,093.27 |
| Age 50 | $1,826.52 | $1,561.45 |
| Age 60 | $3,084.19 | $2,509.72 |
| Age 70 | $5,874.81 | $4,707.19 |
*It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 Guaranteed to age 95 life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75.
$250,000 LIFE INSURANCE POLICY UNIVERSAL GUARANTEED TO AGE 100
| 250K Guaranteed Age 95 | Male | Female |
|---|---|---|
| Age 30 | $1,141.35 | $1,008.00 |
| Age 40 | $1,638.45 | $1,475.19 |
| Age 50 | $2,405.16 | $2,202.00 |
| Age 60 | $4,040.10 | $3,604.00 |
| Age 70 | $7,444.70 | $6,530.00 |
*Updated for 2022: Rates above are monthly and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 Universal Guaranteed to age 100 life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, Age 65, and Age 75. We know all the ins and outs to get you the cheapest rates for a $250,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
NO EXAM LIFE INSURANCE: HOW MUCH DOES A $250,000 POLICY COST WITH NO MEDICAL EXAM?
Does life insurance with no medical exam exist? Can I get life without a medical exam?
Yes, it does.
There is life insurance coverage you can purchase even if you have serious health conditions. No, not all types of life policies require you to take a physical (medical) examination, like the one that requires blood tests, chest X-ray and EKG (electrocardiograms).
If you are in poor health, perhaps your doctor has given up on you or written off your chances of living long. That’s when life insurers come into play. They give an opportunity for everyone to buy affordable no exam term life coverage regardless of their health.
If you’re in good health, we’ve provided some quotes below for $250,000. If not, try giving us a call instead to find out your options.
$250,000 15 YEAR NO MEDICAL EXAM TERM LIFE INSURANCE POLICY
| 250K 15 Year Term No Exam | Male | Female |
|---|---|---|
| Age 30 | $11.12 | $10.54 |
| Age 40 | $14.60 | $13.03 |
| Age 50 | $37.73 | $30.91 |
| Age 60 | $109.90 | $72.91 |
*Updated for 2022: Rates above are monthly and for illustrative purposes only. Not an offer for insurance. Please note rates vary substantially depending on state of residence, unique medical history, height and weight, driving history, as well as other factors. It is possible to estimate the costs for additional ages by averaging the costs of the two ages for a $250,000 No Medical Exam life insurance policy to get estimated rates for Age 25, Age 35, Age 45, Age 55, and Age 65. We know all the ins and outs to get you the cheapest rates for a $250,000 Term Life Insurance Policy. Get a quote from us today to ensure you’re getting the lowest rates.
Comparing $250,000 Policies to $500,000 Coverage
Something you should consider if you’re getting quotes for $250,000 is a phenomenon in the insurance pricing business called “banding.”
It basically means this.
The more you buy, the less you pay per thousand of coverage.
Think about it. The insurance company incurs many of the same costs whether you buy a $250,000 or a million dollar policy.
They may have to pay for a medical exam, administrative fees, printing the policy, advertising, etc.
What this means to you is if you’re getting a quote for $250K, you might as well also see how much it costs to buy a little more. You may be surprised to find that a $500,000 policy might not cost nearly double, as you would assume since it’s double the coverage.
Comparing Companies That Offer $250,000 Policies
Below we have provided some sample comparisons of some of our favorite no-exam companies that offer $250,000 policies. The rates are for female and assume no smoking and excellent health.
$250,000 20 Year Term Life Insurance – Haven VS Ladder VS Bestow VS Ethos VS Fabric VS Sagicor
| Female | Age 30 | Age 40 | Age 50 | Age 60 |
|---|---|---|---|---|
| Haven | $14.99 | $19.91 | $41.23 | $103.91 |
| Ladder | $19 | $24 | $47 | N/A |
| Bestow | $12.71 | $18.96 | N/A | N/A |
| Ethos | $14 | $23 | $56 | $142 |
| Fabric | $19.01 | $25.70 | $46.49 | $126.28 |
| Sagicor | $11.85 | $14.96 | $36.53 | $108.93 |
We have also provided quotes for companies who may require a medical exam. These are for a 42 year old male. Note the difference in price.
Frequently Asked Questions About $250,000 Policies
WHAT’S THE AVERAGE PRICE FOR $250K OF LIFE INSURANCE?
The average price of a $250,000 life insurance policy for a 40 year old is around $13 with a 15-year guaranteed level term. That’s for a non-smoker in great health.
As you now know, there are various coverage types and the cost changes based on health, age, and type. Therefore, it is impossible to determine and “average” because so many factors go into the average cost.
Life insurance policies are different for each individual. There are several different types of life insurance policies, each with their own average cost. The average price is based on whether you would like term, whole, or universal life insurance.
A new type of policy has begun to widen the average cost options – it’s called index-linked or equity-indexed universal life. You can also purchase what is termed “preferred risk” insurance if your health does not quite fit into standard categories. Preferred risk policies might be available at an average low monthly premium rate but may cover less than average benefits upon death.
CAN I GET $250,000 OF GUARANTEED ISSUE LIFE INSURANCE?
Guaranteed issue life insurance is a policy that covers you even if you have a serious medical impairment like cancer, heart disease, or have recently had a stroke.
Basically, everyone gets approved. The problem is most guaranteed issue policies only go up to $50,000 of coverage.
If you need more coverage, give us a call. We may be able to help place you with a company who is lenient on health issues.
HOW MUCH IS $250 THOUSAND LIFE INSURANCE POLICY FOR SENIORS?
Life insurance for seniors is a life insurance policy taken out by seniors in order to make sure their life savings and other life-long investments will continue after they pass away. Due to the high cost of life insurance policies, most life insurances companies usually frown upon offers life policies for seniors. However, there are some companies that offer life insurance for senior citizens, such as Prudential Life Insurance.
Keeping yourself healthy and free from any preexisting medical conditions can greatly help lower your life insurance premium and even help you get approved for a life policy in the first place.
Another favorite company of ours for seniors is AIG Direct. They offer a variety of coverage options and are experts at helping people who are older and may have health conditions.
The Bottom Line?
Let’s discuss your interest in —and eligibility for— $250,000 Life Insurance Coverage.
We can help you determine the best fit for you, based on your goals and your individual circumstances.
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