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How Much is $300k Life Insurance on a 20-Year Level Term?

by Scott G on September 16, 2013 · 2 comments

$300k of Life Affordable

Is $300k of Term Life Affordable?

Many people assume to secure a $300,000 life insurance policy to protect one’s family will be expensive.  The reality is life insurance; in particular term life insurance is unbelievably affordable today.  Actually, as you will see below, a healthy 42-year old male can lock in a $300,000 policy for the next 20-years for less than $1 a day.  That is truly leveraging money to your advantage!

Here are sample premiums for $300k on a 20-year term

Age
Preferred Plus
Preferred
Standard Plus
Standard
30$14$18$21$24
35$14$18$22$26
40$18$23$29$35
45$29$35$47$52
50$44$51$68$79
55$67$80$106$132
60$114$134$178$214

 

Verdict

After reviewing the rates for $300k, everyone who is eligible should have a life insurance policy in-force to protect their family from the uncertainties of life.

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Find the best rates on life insurance here.

{ 2 comments… read them below or add one }

Term Life Online September 17, 2013 at 10:41 am

Brian, I completely agree that term life rates for 20 year coverage are really affordable these days. In addition, there are 20 year no exam term life plans that may be more affordable than you might expect, too. And, with a no exam term life plan you may be able to start your life insurance coverage the same day you apply online. But, rates will be lower for fully underwritten life insurance requiring an exam.

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Term Life Max September 23, 2013 at 2:14 am

Yes, I also noticed that most of the people are preferred 20 year coverage. All they wants to find an affordable term life insurance and this insurance is accurately according to their need. There are many resources available on the internet which gives fully knowledge about the current insurance policies.

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