When it comes to making sure the people you love are taken care of, life insurance is an important part of financial planning. Choosing the right life insurance policy for you is an individual decision and requires some understanding of how life insurance works for each age group
In this article, we will explore how much life insurance costs for a 30-year-old, so you have an informed idea of what to expect. We will look at factors that mean the cost of life insurance could vary and explain the benefits of term life insurance. With this information, you will have a strong foundation to make the right selection for your needs.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $10 |
| 30 | Men | No | 20 Years | $50,000 | Prosperity Life | $13 |
| 30 | Men | No | 20 Years | $100,000 | Prosperity Life | $20 |
| 30 | Men | No | 20 Years | $250,000 | Prosperity Life | $38 |
The table above demonstrates the cost of 20-year term life insurance policies for men at age 30. Four policies from two different companies, Mutual of Omaha and Prosperity Life, are listed for coverage ranging from $25,000 to $250,000
The monthly rate for a $25,000 policy with Mutual of Omaha is $10 and the monthly rate for a $250,000 policy with Prosperity Life is $38. All policies in the table are for non-smoking males.
30-Year Term Life Rates (Male; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $11 |
| 30 | Men | No | 30 Years | $50,000 | Prosperity Life | $16 |
| 30 | Men | No | 30 Years | $100,000 | Prosperity Life | $25 |
| 30 | Men | No | 30 Years | $250,000 | Prosperity Life | $52 |
This table shows rates for 30-year term life insurance policies for a male aged 30. The policies are being offered by Mutual of Omaha and Prosperity Life, and the coverage amounts range from $25,000 to $250,000
The monthly rates range from $11 to $52 depending on the insurance company and coverage amount selected.
20-Year Life Insurance Pricing (Male Tobacco; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 30 | Men | Yes | 20 Years | $50,000 | Foresters | $21 |
| 30 | Men | Yes | 20 Years | $100,000 | Americo | $35 |
| 30 | Men | Yes | 20 Years | $250,000 | Americo | $77 |
The table shows the life insurance pricing for a male aged 30 years who is a tobacco user. The companies included are Mutual of Omaha, Foresters and Americo
The pricing is for a policy with a 20 year term. The coverage amounts range from $25,000 to $250,000. Mutual of Omaha has a rate of $13 per month for a policy with $25,000 coverage
Foresters has a rate of $21 per month for a policy with $50,000 coverage. Americo has a rate of $35 per month for a policy with $100,000 coverage and a rate of $77 per month for a policy with $250,000 coverage.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $16 |
| 30 | Men | Yes | 30 Years | $50,000 | Foresters | $26 |
| 30 | Men | Yes | 30 Years | $100,000 | Foresters | $47 |
| 30 | Men | Yes | 30 Years | $250,000 | Americo | $106 |
This table shows the 30-year term rates for male smokers aged 30. There are 4 different companies listed, Mutual of Omaha, Foresters, and Americo, with coverage amounts of $25,000, $50,000, $100,000, and $250,000 respectively
The monthly rates for these coverage amounts range from $16 to $106. It is important to note that the rates are differentiated between the companies and the coverage amounts.
20-Year Term Premiums (Women; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $9 |
| 30 | Women | No | 20 Years | $50,000 | Prosperity Life | $12 |
| 30 | Women | No | 20 Years | $100,000 | Prosperity Life | $17 |
| 30 | Women | No | 20 Years | $250,000 | Prosperity Life | $32 |
The table above shows 20-year term life insurance premiums for a woman aged 30 and who is a non-smoker. Mutual of Omaha offers a coverage of $25,000 at a monthly rate of $9 whilst Prosperity Life offers coverages of $50,000, $100,000 and $250,000 at respective monthly rates of $12, $17 and $32.
30-Year Term Policies (Women; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $11 |
| 30 | Women | No | 30 Years | $50,000 | Prosperity Life | $14 |
| 30 | Women | No | 30 Years | $100,000 | Prosperity Life | $21 |
| 30 | Women | No | 30 Years | $250,000 | Prosperity Life | $41 |
The table shows rates for 30-year term life insurance policies for women aged 30 who do not smoke. The policies range from $25,000 to $250,000 of coverage and have a monthly rate that varies from $11 to $41, depending on the company and coverage amount
Mutual of Omaha offers $25,000 of coverage for $11 a month, while Prosperity Life offers $50,000 of coverage for $14 a month and $100,000 of coverage for $21 a month, and $250,000 of coverage for $41 a month.
20-Year Term Monthly Premiums (Women Smokers; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 30 | Women | Yes | 20 Years | $50,000 | Foresters | $18 |
| 30 | Women | Yes | 20 Years | $100,000 | Foresters | $32 |
| 30 | Women | Yes | 20 Years | $250,000 | Foresters | $71 |
The table above displays four monthly premiums from two different companies—Mutual of Omaha and Foresters—for women smokers, ages 30, seeking 20-year terms. The four coverage amounts, from $25,000 to $250,000, respectively have monthly rates of $13, $18, $32, and $71.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 30)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 30 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $16 |
| 30 | Women | Yes | 30 Years | $50,000 | Foresters | $23 |
| 30 | Women | Yes | 30 Years | $100,000 | Prosperity Life | $40 |
| 30 | Women | Yes | 30 Years | $250,000 | Prosperity Life | $89 |
The table above lists 30-Year Term Insurance Quotes for female smokers aged 30. These quotes were obtained from Mutual of Omaha, Foresters, and Prosperity Life
The coverage amounts offered range from $25,000 to $250,000 with corresponding monthly rates of $16, $23, $40, and $89, respectively. Further details such as plan type, riders, and discounts may be necessary to make an informed decision.
