When it comes to making plans for our families' futures, one of the best and most affordable investments is purchasing life insurance. Unfortunately, many of us don't know how much term life insurance we would need or need to pay as a 26-year-old
This article provides an overview of why a 26-year-old might need life insurance and answers the often-asked question of how much coverage they should buy.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 26 | Men | No | 20 Years | $50,000 | Mutual of Omaha | $12 |
| 26 | Men | No | 20 Years | $100,000 | Prosperity Life | $19 |
| 26 | Men | No | 20 Years | $250,000 | Prosperity Life | $36 |
The table above shows the monthly rate costs for 20-year term life insurance for a 26-year old male non-smoker. Mutual of Omaha offers coverage of $25,000, $50,000 and $100,000 with monthly rates of $9, $12, and $19 respectively
Prosperity Life offers $250,000 coverage with a monthly rate of $36.
30-Year Term Life Rates (Male; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $10 |
| 26 | Men | No | 30 Years | $50,000 | Mutual of Omaha | $14 |
| 26 | Men | No | 30 Years | $100,000 | Prosperity Life | $23 |
| 26 | Men | No | 30 Years | $250,000 | Prosperity Life | $45 |
The table above shows 30-year term life insurance rates for male age 26, non-smokers. It contains information about the coverage amount, the insurance company and the associated monthly rate for each coverage option
Mutual of Omaha offers levels of coverage at $25,000, $50,000 and $100,000, with monthly rates at $10, $14 and $23 respectively. Prosperity Life offers coverage at $250,000 with a monthly rate of $45.
20-Year Life Insurance Pricing (Male Tobacco; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 26 | Men | Yes | 20 Years | $50,000 | Foresters | $19 |
| 26 | Men | Yes | 20 Years | $100,000 | Americo | $31 |
| 26 | Men | Yes | 20 Years | $250,000 | Americo | $66 |
This table displays the prices for 20-year life insurance policies for a 26-year-old male tobacco user. Mutual of Omaha offers a $25,000 policy for $13 a month, Foresters offers a $50,000 policy for $19 per month, and Americo offers a $100,000 policy for $31 a month, as well as a $250,000 policy for $66 per month.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $15 |
| 26 | Men | Yes | 30 Years | $50,000 | Foresters | $23 |
| 26 | Men | Yes | 30 Years | $100,000 | Americo | $39 |
| 26 | Men | Yes | 30 Years | $250,000 | Americo | $86 |
The table above provides the monthly rate details for four different levels of life insurance coverage over a 30-year term for male smokers aged 26. The coverage amounts offered range from $25,000 to $250,000 and the monthly rates charge start at $15 and go up to $86
The companies providing the coverage are Mutual of Omaha, Foresters and Americo.
20-Year Term Premiums (Women; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 26 | Women | No | 20 Years | $50,000 | Prosperity Life | $12 |
| 26 | Women | No | 20 Years | $100,000 | Prosperity Life | $16 |
| 26 | Women | No | 20 Years | $250,000 | Prosperity Life | $29 |
The table above shows the monthly premiums for 20-year term life insurance policies for a female aged 26. Companies offering the policies are Mutual of Omaha and Prosperity Life
Coverage levels range from $25,000 to $250,000. Premiums for non-smokers start at $9 for a $25,000 policy from Mutual of Omaha and reach $29 for a $250,000 policy from Prosperity Life.
30-Year Term Policies (Women; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $10 |
| 26 | Women | No | 30 Years | $50,000 | Prosperity Life | $13 |
| 26 | Women | No | 30 Years | $100,000 | Prosperity Life | $19 |
| 26 | Women | No | 30 Years | $250,000 | Prosperity Life | $36 |
This table lists the premiums available for 30-year term policies with various levels of coverage (ranging from $25,000-$250,000) for a 26-year old woman who is not a smoker. The table provides both the company offering the policy and the premium for each policy
Two companies offer policies: Mutual of Omaha and Prosperity Life. For policies up to $100,000, Mutual of Omaha is the more affordable option, and for policies at $250,000, Prosperity Life is the cheaper.
20-Year Term Monthly Premiums (Women Smokers; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $12 |
| 26 | Women | Yes | 20 Years | $50,000 | Foresters | $16 |
| 26 | Women | Yes | 20 Years | $100,000 | Foresters | $27 |
| 26 | Women | Yes | 20 Years | $250,000 | Foresters | $60 |
The table above contains data on women smokers aged 26 who are looking for 20-year term life insurance coverage. The table shows the coverage amounts offered by two different life insurance companies: Mutual of Omaha and Foresters
Mutual of Omaha offers coverage of up to $25,000 with a monthly rate of $12. Foresters offers coverage of up to $250,000 with a monthly rate of $60. Additionally, Foresters offers coverage of $50,000 with a monthly rate of $16, and $100,000 with a monthly rate of $27.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 26)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 26 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $14 |
| 26 | Women | Yes | 30 Years | $50,000 | Foresters | $20 |
| 26 | Women | Yes | 30 Years | $100,000 | Foresters | $35 |
| 26 | Women | Yes | 30 Years | $250,000 | American Amicable | $75 |
This table outlines life insurance quotes for women aged 26 who are smokers. The quotes are for 30-year term life insurance policies ranging from $25,000 to $250,000 in coverage
The quotes vary in cost depending on the insurer, coverage amount, and other factors. For a policy of $25,000 in coverage, Mutual of Omaha offers the lowest rate at $14 per month. The highest rate available is from American Amicable for a policy of $250,000 in coverage, at $75 per month.
