When you're looking for life insurance, the cost of coverage is a major factor in determining the best plan for your needs. Term life insurance is one of the simplest and most affordable options for a 29-year-old, but it can be tricky to understand just how much coverage you'll need and how much it can cost
This article will provide insight into the cost of term life insurance for 29-year-olds and help you figure out the right coverage for you.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 29 | Men | No | 20 Years | $50,000 | Prosperity Life | $13 |
| 29 | Men | No | 20 Years | $100,000 | Prosperity Life | $19 |
| 29 | Men | No | 20 Years | $250,000 | Prosperity Life | $38 |
The table above shows the monthly rate for 20-year term life insurance for a 29-year-old male who is a non-smoker. For example, Mutual of Omaha is offering a $25,000 policy for a rate of $9 per month while Prosperity Life is offering a $250,000 policy for a rate of $38 per month
It is important to note that both the policy's coverage amount and the insurance company offering the policy have an effect on the monthly price.
30-Year Term Life Rates (Male; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $11 |
| 29 | Men | No | 30 Years | $50,000 | Prosperity Life | $16 |
| 29 | Men | No | 30 Years | $100,000 | Prosperity Life | $24 |
| 29 | Men | No | 30 Years | $250,000 | Prosperity Life | $50 |
The rates presented in the table are for 30-year term life insurance policy for a 29-year-old male who does not smoke. The table shows four levels of coverage from $25,000 to $250,000 and the corresponding company offering this coverage and the respective monthly rate
Mutual of Omaha offers a $25,000 coverage for a rate of $11 per month, while Prosperity Life offers coverage of up to $250,000 and rates ranging from $16 to $50.
20-Year Life Insurance Pricing (Male Tobacco; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 29 | Men | Yes | 20 Years | $50,000 | Foresters | $20 |
| 29 | Men | Yes | 20 Years | $100,000 | Americo | $34 |
| 29 | Men | Yes | 20 Years | $250,000 | Americo | $74 |
This table provides life insurance pricing for a male, age 29, who is listed as a tobacco user. The coverage amounts available for purchase are $25,000, $50,000, $100,000, and $250,000 from the companies Mutual of Omaha, Foresters, and Americo
The corresponding monthly rates are $13, $20, $34, and $74 respectively.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $16 |
| 29 | Men | Yes | 30 Years | $50,000 | Foresters | $25 |
| 29 | Men | Yes | 30 Years | $100,000 | Americo | $45 |
| 29 | Men | Yes | 30 Years | $250,000 | Americo | $101 |
The table above shows the monthly rate of life insurance coverage for male smokers aged 29, with a 30-year term. The table includes offerings from Mutual of Omaha, Foresters, and Americo
The coverage amounts range from $25,000 to $250,000. The monthly rate for Mutual of Omaha is $16, Foresters is $25, and Americo is $45 and $101, respectively.
20-Year Term Premiums (Women; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 29 | Women | No | 20 Years | $50,000 | Prosperity Life | $12 |
| 29 | Women | No | 20 Years | $100,000 | Prosperity Life | $17 |
| 29 | Women | No | 20 Years | $250,000 | Prosperity Life | $31 |
The table above shows the monthly rate for a 20-year term life insurance policy for a 29-year-old female non-smoker. There are a number of insurance companies and coverage amounts available, including $25,000 through Mutual of Omaha, $50,000 through Prosperity Life, $100,000 through Prosperity Life, and $250,000 through Prosperity Life
The cost of the policy varies based on the coverage amount, with $25,000 costing $9 per month, $50,000 costing $12 per month, $100,000 costing $17 per month, and $250,000 costing $31 per month.
30-Year Term Policies (Women; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $10 |
| 29 | Women | No | 30 Years | $50,000 | Prosperity Life | $14 |
| 29 | Women | No | 30 Years | $100,000 | Prosperity Life | $20 |
| 29 | Women | No | 30 Years | $250,000 | Prosperity Life | $40 |
The table above shows term life insurance policies for women aged 29 with a 30-year term. The policies are offered by two companies, Mutual of Omaha and Prosperity Life
The coverage amounts range from $25,000 to $250,000, and the monthly rates range from $10 to $40, depending on the coverage amount. All policies are non-smoking.
20-Year Term Monthly Premiums (Women Smokers; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 29 | Women | Yes | 20 Years | $50,000 | Foresters | $18 |
| 29 | Women | Yes | 20 Years | $100,000 | Foresters | $30 |
| 29 | Women | Yes | 20 Years | $250,000 | Foresters | $67 |
The table above outlines monthly premiums for 20-year term life insurance policies for women smokers aged 29. Mutual of Omaha offers a $25,000 policy for a monthly rate of $13, while Foresters offers policies with coverages of $50,000, $100,000, and $250,000 at monthly rates of $18, $30, and $67, respectively.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 29)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 29 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $15 |
| 29 | Women | Yes | 30 Years | $50,000 | Foresters | $22 |
| 29 | Women | Yes | 30 Years | $100,000 | Prosperity Life | $39 |
| 29 | Women | Yes | 30 Years | $250,000 | Prosperity Life | $86 |
This table provides quotes for women smokers ages 29 who are looking for a 30-year term insurance policy. Three companies are represented in the table: Mutual of Omaha, Foresters, and Prosperity Life
Coverage amounts range from $25,000 to $250,000. The monthly rates range from $15 to $86.
