Term Life Insurance Rates for 31-Year-Olds
- Updated: February 23, 2023
Thinking about protecting your family’s financial future is an important part of responsible adulthood, and term life insurance is one of the most common and cost-effective ways to do so. With so many options available, it can be challenging to figure out exactly how much term life insurance you will need
The cost of term life insurance can vary significantly, depending on factors such as age, health, and lifestyle, so it’s important to consider all of these when assessing the correct amount of coverage. In this article, we’ll explore how much term life insurance costs for 31-year-olds and examine the factors that help determine your rate.
Table of Contents
20-Year Term Life Insurance Cost (Men; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $10 |
| 31 | Men | No | 20 Years | $50,000 | Prosperity Life | $14 |
| 31 | Men | No | 20 Years | $100,000 | Prosperity Life | $20 |
| 31 | Men | No | 20 Years | $250,000 | Prosperity Life | $39 |
The table above provides information on 20-year term life insurance costs for a non-smoking male at age 31. The table contains four categories of coverage from $25,000 to $250,000
Mutual of Omaha provides coverage for $25,000 for a monthly premium of $10. For the other coverage amounts, Prosperity Life offers three coverage amounts from $50,000 to $250,000, with premiums from $14 to $39 dollars.
30-Year Term Life Rates (Male; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $11 |
| 31 | Men | No | 30 Years | $50,000 | Prosperity Life | $16 |
| 31 | Men | No | 30 Years | $100,000 | Prosperity Life | $26 |
| 31 | Men | No | 30 Years | $250,000 | Prosperity Life | $53 |
The table above provides life insurance rates for a 30-year term, based on coverage amount, gender, age and whether the policyholder is a smoker or not. The rates are for a 31-year-old male who is not a smoker
For $25,000 of coverage, Mutual of Omaha's rate is $11 per month. For $50,000 of coverage from Prosperity Life, the rate is $16 per month. For $100,000 of coverage from Prosperity Life, the rate is $26 per month
For $250,000 of coverage from Prosperity Life, the rate is $53 per month.
20-Year Life Insurance Pricing (Male Tobacco; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $14 |
| 31 | Men | Yes | 20 Years | $50,000 | Foresters | $21 |
| 31 | Men | Yes | 20 Years | $100,000 | Foresters | $37 |
| 31 | Men | Yes | 20 Years | $250,000 | Americo | $82 |
The table above shows the monthly rate for life insurance for a 31-year-old male smoker with coverage terms of 20 years. The life insurance companies listed are Mutual of Omaha, Foresters, and Americo
The rates for coverage of $25,000, $50,000, $100,000, and $250,000 are $14, $21, $37, and $82, respectively.
30-Year Term Rates (Male Smokers; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $17 |
| 31 | Men | Yes | 30 Years | $50,000 | Foresters | $26 |
| 31 | Men | Yes | 30 Years | $100,000 | Foresters | $47 |
| 31 | Men | Yes | 30 Years | $250,000 | Foresters | $110 |
The table above shows 30-year term life insurance policy rates for male smokers aged 31. Specifically, the table includes coverage amounts of $25,000, $50,000, $100,000, and $250,000, and the associated rates of these policies offered by Mutual of Omaha and Foresters
Mutual of Omaha offers a $25,000 policy with a $17 monthly rate, and Foresters offers policies of different coverage amounts with a $26 rate for $50,000 coverage, a $47 rate for $100,000 coverage, and a $110 rate for $250,000 coverage.
20-Year Term Premiums (Women; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $10 |
| 31 | Women | No | 20 Years | $50,000 | Prosperity Life | $12 |
| 31 | Women | No | 20 Years | $100,000 | Prosperity Life | $17 |
| 31 | Women | No | 20 Years | $250,000 | Prosperity Life | $33 |
This table shows the monthly premium rates for 20-year term life insurance policies from Mutual of Omaha and Prosperity Life for a 31-year-old female who is not a smoker. The options include $25,000, $50,000, $100,000 and $250,000 of coverage
For the $25,000 coverage, Mutual of Omaha has a monthly rate of $10, while Prosperity Life has a monthly rate of $12. For $50,000 of coverage, Prosperity Life has a monthly rate of $12. For $100,000 of coverage, Prosperity Life has a monthly rate of $17
Lastly, for $250,000 of coverage, Prosperity Life has a monthly rate of $33.
30-Year Term Policies (Women; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $11 |
| 31 | Women | No | 30 Years | $50,000 | Prosperity Life | $14 |
| 31 | Women | No | 30 Years | $100,000 | Prosperity Life | $21 |
| 31 | Women | No | 30 Years | $250,000 | Prosperity Life | $42 |
The table above shows the monthly rates for 30-year term life insurance policies for female policyholders aged 31 who are non-smokers. Mutual of Omaha provides a $25,000 coverage policy at a monthly rate of $11 while Prosperity Life provides a $50,000, $100,000, and $250,000 policy at a monthly rate of $14, $21, and $42 respectively.
20-Year Term Monthly Premiums (Women Smokers; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $13 |
| 31 | Women | Yes | 20 Years | $50,000 | Foresters | $19 |
| 31 | Women | Yes | 20 Years | $100,000 | Foresters | $33 |
| 31 | Women | Yes | 20 Years | $250,000 | Foresters | $76 |
The table above shows the monthly premiums for different coverage amounts and companies for a 20-year term policy for a 31 year-old female smoker. The coverage amounts start at $25,000 and increased up to $250,000
The companies listed are Mutual of Omaha and Foresters. The monthly premiums range from $13 to $76. Prices will differ if the individual is not a smoker or if they are older.
30-Year Term Insurance Quotes (Female Smokers; Age 31)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 31 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $16 |
| 31 | Women | Yes | 30 Years | $50,000 | Foresters | $24 |
| 31 | Women | Yes | 30 Years | $100,000 | Prosperity Life | $41 |
| 31 | Women | Yes | 30 Years | $250,000 | Prosperity Life | $92 |
The table above demonstrates the monthly rates for different coverage amounts of a 30-year term life insurance policy for a 31-year-old female smoker. The coverage amounts range from $25,000 to $250,000 with several different insurance companies offering coverage
Mutual of Omaha offers $25,000 of coverage at $16 per month, Foresters offers $50,000 at $24 per month, and Prosperity Life offers both $100,000 and $250,000 of coverage, each at $41 and $92 per month respectively.
Rikin Shah
Burial Insurance
15 companies competing for your business
97% of the time we beat Colonial Penn
30 days to get your money back, no questions asked
* Based on website quote requests, through 2/28/23.
(Check your rate to see their rates vs. ours)