Term Life Insurance Rates for 21-Year-Olds
- Updated: February 23, 2023
If you’re a 21-year-old and you’re looking to buy life insurance, you may be wondering just how much it costs. While the cost of life insurance premiums can vary depending on different factors, term life insurance is typically an affordable option that can provide you with coverage for the length of the term chosen
In this article, we’ll discuss some of the factors that may affect the cost of life insurance for 21-year-olds, as well as how to get the best life insurance rates.
Table of Contents
20-Year Term Life Insurance Cost (Men; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 21 | Men | No | 20 Years | $50,000 | Mutual of Omaha | $12 |
| 21 | Men | No | 20 Years | $100,000 | Prosperity Life | $18 |
| 21 | Men | No | 20 Years | $250,000 | Prosperity Life | $35 |
The table above outlines the cost of 20-Year Term Life Insurance for a male at age 21 from two different companies. Mutual of Omaha offers $25,000 coverage for $9 per month, $50,000 coverage for $12 per month, and Prosperity Life offers $100,000 for $18 per month and $250,000 for $35 per month.
30-Year Term Life Rates (Male; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $10 |
| 21 | Men | No | 30 Years | $50,000 | Mutual of Omaha | $14 |
| 21 | Men | No | 30 Years | $100,000 | Prosperity Life | $22 |
| 21 | Men | No | 30 Years | $250,000 | Prosperity Life | $44 |
The table above provides a 30-year term life rate comparison for men age 21. Mutual of Omaha offers coverage of up to $25,000 at a rate of $10 per month and up to $50,000 at a rate of $14 per month
Prosperity Life offers coverage of up to $100,000 at a rate of $22 per month, and up to $250,000 at a rate of $44 per month.
20-Year Life Insurance Pricing (Male Tobacco; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 21 | Men | Yes | 20 Years | $50,000 | Foresters | $17 |
| 21 | Men | Yes | 20 Years | $100,000 | Foresters | $29 |
| 21 | Men | Yes | 20 Years | $250,000 | Americo | $63 |
The table above shows rates for 20-year term life insurance for a 21-year-old male tobacco user. The rates vary based on the company, the coverage amount, and the term length
According to the table, Mutual of Omaha offers a $25,000 policy for $13 a month, while Foresters offers $50,000 of coverage for $17 a month, and a $100,000 policy for $29 a month. Americo offers $250,000 of coverage for $63 a month.
30-Year Term Rates (Male Smokers; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $14 |
| 21 | Men | Yes | 30 Years | $50,000 | Foresters | $22 |
| 21 | Men | Yes | 30 Years | $100,000 | Americo | $37 |
| 21 | Men | Yes | 30 Years | $250,000 | Americo | $81 |
This table provides term life insurance rates for male smokers aged 21. There are different coverage options, such as $25,000, $50,000 and $100,000 of term coverage
The term length is 30 years and the rates are provided by three different companies, Mutual of Omaha, Foresters, and Americo. The Mutual of Omaha $25,000 plan has a monthly rate of $14, the Foresters $50,000 plan has a monthly rate of $22, the Americo $100,000 plan has a monthly rate of $37, and the Americo $250,000 plan has a monthly rate of $81.
20-Year Term Premiums (Women; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 21 | Women | No | 20 Years | $50,000 | Foresters | $11 |
| 21 | Women | No | 20 Years | $100,000 | Prosperity Life | $16 |
| 21 | Women | No | 20 Years | $250,000 | Prosperity Life | $29 |
This table shows the monthly rates for 20-year term life insurance premiums for women of age 21 who do not smoke. For example, Mutual of Omaha offers a $25,000 coverage at a monthly rate of $9 while Prosperity Life offers a $250,000 coverage at a monthly rate of $29
Foresters offers the intermediary coverage of $50,000 at a monthly rate of $11.
30-Year Term Policies (Women; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $9 |
| 21 | Women | No | 30 Years | $50,000 | Foresters | $13 |
| 21 | Women | No | 30 Years | $100,000 | Prosperity Life | $18 |
| 21 | Women | No | 30 Years | $250,000 | Prosperity Life | $35 |
The table above provides information about 30-year term life insurance policies for women, age 21, who do not smoke. It includes information on the company providing the policy, the coverage amount, and the monthly rate
Mutual of Omaha offers a $25,000 policy at a monthly rate of $9. Foresters provides a $50,000 policy for $13 per month. Prosperity Life offers both a $100,000 policy for $18 monthly and a $250,000 policy at $35 per month.
20-Year Term Monthly Premiums (Women Smokers; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $12 |
| 21 | Women | Yes | 20 Years | $50,000 | Foresters | $13 |
| 21 | Women | Yes | 20 Years | $100,000 | Foresters | $22 |
| 21 | Women | Yes | 20 Years | $250,000 | Foresters | $46 |
The table above showcases the monthly premiums for various levels of life insurance coverage for women smokers aged 21 over a 20-year term. Mutual of Omaha offers $25,000 in coverage for $12/month, while Foresters has plans available in $50,000, $100,000, and $250,000 increments, with premiums of $13/month, $22/month and $46/month, respectively.
30-Year Term Insurance Quotes (Female Smokers; Age 21)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 21 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $13 |
| 21 | Women | Yes | 30 Years | $50,000 | Foresters | $16 |
| 21 | Women | Yes | 30 Years | $100,000 | Foresters | $28 |
| 21 | Women | Yes | 30 Years | $250,000 | Foresters | $61 |
The table above shows life insurance quotes for female smokers who are 21 years of age with a 30-year term. Mutual of Omaha offers a $25,000 coverage plan with a monthly rate of $13
Foresters offers coverage plans of $50,000, $100,000 and $250,000 with monthly rates of $16, $28 and $61 respectively.
Rikin Shah
Burial Insurance
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