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Term Life Insurance Rates for 27-Year-Olds

27 year old

When it comes to protecting your family’s future, life insurance can provide the financial security needed should an unexpected event occur. It’s hard to plan for the unpredictable, but smart planning and decisions now can help ensure long-term stability for your loved ones in the future

It’s especially important now that many millennials are embarking on starting their own families. Those in their late 20s who are looking for life insurance in particular might be wondering how much term life insurance for a 27-year-old might cost. In this article, we’ll explore the different factors that impact cost and the steps you may need to take to get the coverage you need.

Table of Contents

20-Year Term Life Insurance Cost (Men; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27MenNo20 Years$25,000Mutual of Omaha$9
27MenNo20 Years$50,000Mutual of Omaha$13
27MenNo20 Years$100,000Prosperity Life$19
27MenNo20 Years$250,000Prosperity Life$36

The table above shows the cost of 20-year term life insurance for a 27-year-old man who does not smoke. Mutual of Omaha offers $25,000 coverage for $9/month, $50,000 coverage for $13/month and Prosperity Life offers $100,000 coverage for $19/month and $250,000 coverage for $36/month

Prices may vary by company.

30-Year Term Life Rates (Male; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27MenNo30 Years$25,000Mutual of Omaha$10
27MenNo30 Years$50,000Mutual of Omaha$15
27MenNo30 Years$100,000Prosperity Life$23
27MenNo30 Years$250,000Prosperity Life$47

The table shows the premiums for 30-year term life policies for a male age 27 with a non-smoking lifestyle. The rates vary based on the coverage amount and the insurance company

Mutual of Omaha has a rate of $10 per month for $25,000 of coverage, $15 per month for $50,000 of coverage and Prosperity Life has a rate of $23 per month for $100,000 of coverage and $47 per month for $250,000 of coverage.

20-Year Life Insurance Pricing (Male Tobacco; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27MenYes20 Years$25,000Mutual of Omaha$13
27MenYes20 Years$50,000Foresters$19
27MenYes20 Years$100,000Americo$32
27MenYes20 Years$250,000Americo$68

The table above shows the pricing for 20-year life insurance for a 27-year-old male tobacco user. The coverage amounts range from $25,000 to $250,000 from three different companies: Mutual of Omaha, Foresters and Americo

The monthly rates range from $13 to $68.

30-Year Term Rates (Male Smokers; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27MenYes30 Years$25,000Mutual of Omaha$15
27MenYes30 Years$50,000Foresters$24
27MenYes30 Years$100,000Americo$41
27MenYes30 Years$250,000Americo$91

The table above shows the monthly rate for 30-Year term life insurance quotes from three different life insurance providers for a 27-year-old male smoker. Mutual of Omaha is offering insurance coverage of $25,000 for a rate of $15 per month

Foresters is offering $50,000 coverage for $24 per month. Americo is offering $100,000 for $41 per month, as well as $250,000 for $91 per month.

20-Year Term Premiums (Women; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27WomenNo20 Years$25,000Mutual of Omaha$9
27WomenNo20 Years$50,000Prosperity Life$12
27WomenNo20 Years$100,000Prosperity Life$16
27WomenNo20 Years$250,000Prosperity Life$30

The table above shows premiums for term life insurance policies with a 20-year term length for women age 27. The policies include coverage amounts of $25,000, $50,000, $100,000, and $250,000

The policies are provided by Mutual of Omaha and Prosperity Life and the monthly rates range from $9-$30.

30-Year Term Policies (Women; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27WomenNo30 Years$25,000Mutual of Omaha$10
27WomenNo30 Years$50,000Prosperity Life$13
27WomenNo30 Years$100,000Prosperity Life$19
27WomenNo30 Years$250,000Prosperity Life$38

The table above shows 30-year term policies for women aged 27 who do not smoke. Mutual of Omaha has $25,000 of coverage for $10 a month, and Prosperity Life has $50,000, $100,000 and $250,000 of coverage for monthly pricing of $13, $19, and $38 respectively.

20-Year Term Monthly Premiums (Women Smokers; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27WomenYes20 Years$25,000Mutual of Omaha$12
27WomenYes20 Years$50,000Foresters$17
27WomenYes20 Years$100,000Foresters$28
27WomenYes20 Years$250,000Foresters$62

This table shows a comparison of life insurance monthly premiums for a 20-year term from different companies for different policy amounts. The policyholder is a woman aged 27, who is also a smoker

The first column shows the age of the policyholder, followed by gender, smoking status, term, policy amount, insurance company name, and the monthly rate. For example, Mutual of Omaha provides a $25,000 policy for a 20-year term for $12 a month, while Foresters provides a $250,000 policy for $62 a month.

30-Year Term Insurance Quotes (Female Smokers; Age 27)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
27WomenYes30 Years$25,000Mutual of Omaha$14
27WomenYes30 Years$50,000Foresters$21
27WomenYes30 Years$100,000Foresters$36
27WomenYes30 Years$250,000American Amicable$79

The table above shows four quotes for 30-year term insurance for female smokers aged 27. The quotes range from $25,000 to $250,000 in coverage, with Mutual of Omaha offering the lowest monthly rate of $14, Foresters offering a rate of $21 per month for $50,000 of coverage and a rate of $36 per month for $100,000 of coverage, and American Amicable offering $79 per month for $250,000 of coverage.

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