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$250,000 Term Life Insurance Policy

by Scott G on December 7, 2012 · 4 comments

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$250,000 Term Life Insurance


Term life insurance is considered the most economical type of life insurance coverage.  A person purchases a policy and enters into a contact with the insurance company to insure him or her for a specific period of time and the premiums remain the same for the contract.

When the coverage reaches the end of the term, the policyholder can enter into a new contract with the insurance company or allow the policy to lapse.  Many policies will automatically renew with an large increase in policy premiums but you remain covered.   However, the older a person get, the more the life insurance policy is going to cost.

The Younger You Are the Less It Will Cost


Obtaining coverage when you are young and healthy will result in the lowest premiums.

How Much Does $250k of Term Life Cost?


$250k 20-year level term policy for a 40 year old female, non-smoker in good health costs $15.88 month

$250k 20-year level term policy for a 50 year old female, non-smoker in good health costs $32.41 month

$250k 20-year level term policy for a 60 year old female, non-smoker in good health costs $77.87 month

$250k 20-year level term policy for a 70 year old female, non-smoker in good health costs $269.59 month

Term Life Insurance Is a Good Decision


Since the cost of term life insurance is relativity low, it is a great financial purchase.  You not only protect your family for hundreds of thousands of dollar but also have extra money to invest in other  financial products to help build up your investment and retirement portfolio.  The cash you save on term life insurance compared to whole life can be substantial.

Get the Protection Without the High Cost


Term life insurance is an great product for adults who do not want to spend a lot of money on life insurance, but still want to safeguard their families in the event of an unexpected death. 

Prices on term life are based on the length of the term and the age and health of the insured at the time when the policy is activated.  Typical terms are range from 10 to 30 years.  The most common is a 20 year term.

See how much a $250,000 term life policy will cost you:

    *Rates as of 12/7/2012. The information in this post is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.

    Instant Term Life Insurance Quote December 10, 2012 at 3:39 am


    This is such a nice blog and It is really helpful for me, But i am looking for the Instant Term Life Insurance Quote related post,So please suggest and share if you have.


    Scott December 10, 2012 at 10:05 am

    Hi There,

    Thank you for the nice compliment about the blog. If you click here http://www.thelifeinsuranceinsider.com/free-instant-life-insurance-quotes/, you can get instant term life insurance quotes from the top 100 life insurance companies. You can run as many quotes as you like.
    Let me know if you have any questions.
    Best Regards,

    Term Life Online December 13, 2012 at 11:16 am

    Hi Brian, Thanks fir the information regarding the comparison of life insurance rates for $250,000 of term life insurance coverage. That amount does seem to be a common limit requested by many consumers who just feel a need for life insurance but haven’t reviewed their full needs thoroughly using a life insurance needs calculator. In addition, there are also carriers now offering up to $250,000 of term life insurance with no exam needed, just a few health questions, for people who hate needles, blood draws, or don’t have time for a physical.

    Scott December 13, 2012 at 11:46 am

    You are correct about the $250k.
    Also, visitors can view this page for the no exam term life insurance. http://www.thelifeinsuranceinsider.com/no-exam-life-insurance-2013/

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