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Term Life Insurance Rates for 18-Year-Olds


When it comes to life insurance, everyone has a different need. Deciding how much coverage is the right amount and finding the right policy can be overwhelming

One important consideration is age. 18-year-olds may not need as much coverage or require different policies than those in their 30s or 40s. That’s why it’s important to understand the different types of life insurance and how much term life insurance for 18-year-olds costs

In this article, we explore the key factors to help 18-year-olds and their guardians make an informed decision about life insurance coverage.

Table of Contents

20-Year Term Life Insurance Cost (Men; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18MenNo20 Years$25,000Mutual of Omaha$9
18MenNo20 Years$50,000Mutual of Omaha$12
18MenNo20 Years$100,000Prosperity Life$18
18MenNo20 Years$250,000Prosperity Life$35

This table shows the cost of 20-year term life insurance for 18-year-old men who do not smoke. It is provided by the companies Mutual of Omaha and Prosperity Life

The coverage amounts range from $25,000 to $250,000. The lowest prices for each coverage amounts are as follows: Mutual of Omaha $25,000: $8.70, Mutual of Omaha $50,000: $12.06, Prosperity Life $100,000: $18.36, and Prosperity Life $250,000: $35.1.

30-Year Term Life Rates (Male; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18MenNo30 Years$25,000Mutual of Omaha$10
18MenNo30 Years$50,000Mutual of Omaha$14
18MenNo30 Years$100,000Prosperity Life$22
18MenNo30 Years$250,000Prosperity Life$44

The table above shows the 30-year term life rates for male age 18 from two different providers (Mutual of Omaha and Prosperity Life). These rates are based on the subscriber being a non-smoker

The rates vary depending on the coverage amount with Mutual of Omaha offering rates of $9.61 for a $25,000 policy, $13.88 for a $50,000 policy, and Prosperity Life offering rates of $21.87 for a $100,000 policy and $43.88 for a $250,000 policy.

20-Year Life Insurance Pricing (Male Tobacco; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18MenYes20 Years$25,000Mutual of Omaha$13
18MenYes20 Years$50,000Foresters$17
18MenYes20 Years$100,000Foresters$29
18MenYes20 Years$250,000Foresters$65

The table above shows the 20-year life insurance pricing for a male, age 18, who is a tobacco user. It shows the company offering the life insurance, the lowest price for the coverage, and the coverage amount

The lowest prices offered for a $25,000 coverage amount are from Mutual of Omaha at $12.75 per month and from Foresters at $17.10 per month. For a $50,000 coverage amount, the lowest price offered is from Foresters at $17.10 per month. For a $100,000 coverage amount, the lowest price offered is from Foresters at $28.96 per month

Lastly, for a $250,000 coverage amount, the lowest price offered is from Foresters at $64.53 per month.

30-Year Term Rates (Male Smokers; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18MenYes30 Years$25,000Mutual of Omaha$14
18MenYes30 Years$50,000Foresters$22
18MenYes30 Years$100,000Foresters$38
18MenYes30 Years$250,000Foresters$88

The table above shows the 30-year term rates for male smokers aged 18. It displays a variety of coverage options and companies, along with the corresponding lowest price rates

Mutual of Omaha offers a coverage of $25,000 with the lowest rate of $14.40. Foresters offers coverage at $50,000, $100,000, and $250,000, with the lowest prices of $21.83, $38.41, and $88.15, respectively.

20-Year Term Premiums (Women; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18WomenNo20 Years$25,000Mutual of Omaha$9
18WomenNo20 Years$50,000Foresters$11
18WomenNo20 Years$100,000Prosperity Life$16
18WomenNo20 Years$250,000Prosperity Life$29

The table above shows the lowest premiums for 20-year term life insurance policies for women aged 18 from four different insurance providers. Mutual of Omaha has the lowest price at $8.50 for $25,000 of coverage

Foresters is the next lowest with a cost of $11.28 for $50,000 of coverage. Prosperity Life is the most expensive of the group with their $15.75 rate for $100,000 and $28.58 rate for $250,000.

30-Year Term Policies (Women; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18WomenNo30 Years$25,000Mutual of Omaha$9
18WomenNo30 Years$50,000Foresters$12
18WomenNo30 Years$100,000Prosperity Life$18
18WomenNo30 Years$250,000Prosperity Life$35

This table displays the lowest pricing from various companies for life insurance policies with a 30 year term for women age 18 who do not identify as smokers. The table shows that for $25,000 of coverage, Mutual of Omaha offers the lowest price of $9.37

Foresters is offering $12.46 for $50,000 of coverage. Prosperity Life is offering $18.45 for $100,000 of coverage, and $35.33 for $250,000 of coverage.

20-Year Term Monthly Premiums (Women Smokers; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18WomenYes20 Years$25,000Mutual of Omaha$12
18WomenYes20 Years$50,000Foresters$13
18WomenYes20 Years$100,000Foresters$20
18WomenYes20 Years$250,000Foresters$42

This table shows the monthly premiums for women smokers, age 18, on a 20-year term with various coverage amounts. Mutual of Omaha has the lowest premium of $11.66 for a $25,000 policy, while Foresters has the lowest premium of $12.64 for a $50,000 policy and $20.03 for a $100,000 policy, and $42.21 for a $250,000 policy.

30-Year Term Insurance Quotes (Female Smokers; Age 18)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
18WomenYes30 Years$25,000Mutual of Omaha$13
18WomenYes30 Years$50,000Foresters$15
18WomenYes30 Years$100,000Foresters$25
18WomenYes30 Years$250,000Foresters$55

This table shows the lowest available price from 3 different life insurance companies for a 30-year term policy for female smokers aged 18. The table specifies the coverage amount of $25,000, $50,000, $100,000 and $250,000

The company with the lowest price for each coverage amount varies, with Mutual of Omaha offering the lowest pricing for a $25,000 policy and Foresters providing the best prices for the other three coverage amounts.

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* Based on website quote requests, through 2/28/23.
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