Term Life Insurance Rates for 32-Year-Olds

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Term life insurance is an important financial product and the decision of how much coverage to purchase and at what age is a personal one. For individuals aged 32 and younger, term life insurance can be an attractive product, particularly for those who are married and/or have children as it provides financial protection in the event of an untimely death

In this article, we'll discuss the factors impacting the cost of term life insurance for 32-year-olds and provide tips for finding the right policy for you.

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20-Year Term Life Insurance Cost (Men; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32MenNo20 Years$25,000Mutual of Omaha$10
32MenNo20 Years$50,000Prosperity Life$14
32MenNo20 Years$100,000Prosperity Life$20
32MenNo20 Years$250,000Prosperity Life$40

The table above shows the 20-year term life insurance rates for a 32-year old male who is not a smoker. Mutual of Omaha offers a $25,000 policy for $10 per month

Prosperity Life offers policies for $50,000, $100,000, and $250,000 for $14, $20, and $40 per month respectively.

30-Year Term Life Rates (Male; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32MenNo30 Years$25,000Mutual of Omaha$11
32MenNo30 Years$50,000Prosperity Life$17
32MenNo30 Years$100,000Prosperity Life$26
32MenNo30 Years$250,000Prosperity Life$55

This table shows 30-year term life insurance rates for a 32-year-old male who is not a smoker. It reflects the amount of coverage, the company offering the policy, and the associated monthly rate

For example, a policy of $25,000 of coverage with Mutual of Omaha costs $11 per month, while a policy of $250,000 of coverage with Prosperity Life costs $55. Rates vary widely based on the amount of coverage.

20-Year Life Insurance Pricing (Male Tobacco; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32MenYes20 Years$25,000Mutual of Omaha$14
32MenYes20 Years$50,000Foresters$22
32MenYes20 Years$100,000Foresters$39
32MenYes20 Years$250,000Americo$87

The table above shows life insurance pricing from four different companies for a 32-year-old male who is a tobacco smoker. The four different amounts of coverage are $25,000, $50,000, $100,000 and $250,000 and all are for a 20-year term

Mutual of Omaha offers the lowest rate of $14 per month for $25,000 of coverage. Foresters charges $22 per month for $50,000 of coverage and $39 per month for $100,000. The highest rate offered is for $250,000 of coverage from Americo at $87 per month.

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30-Year Term Rates (Male Smokers; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32MenYes30 Years$25,000Mutual of Omaha$18
32MenYes30 Years$50,000Foresters$27
32MenYes30 Years$100,000Foresters$49
32MenYes30 Years$250,000Foresters$115

The table above shows the monthly rates for 30-year term life insurance policies for male smokers aged 32. It covers four different life insurance coverage amounts from Mutual of Omaha and Foresters, which are $25,000, $50,000, $100,000 and $250,000 respectively

For Mutual of Omaha, the monthly rate for a $25,000 coverage is $18. For Foresters, the monthly rate for a $50,000 coverage is $27, for $100,000 coverage is $49 and for $250,000 coverage is $115.

20-Year Term Premiums (Women; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32WomenNo20 Years$25,000Mutual of Omaha$10
32WomenNo20 Years$50,000Prosperity Life$12
32WomenNo20 Years$100,000Prosperity Life$18
32WomenNo20 Years$250,000Prosperity Life$33

The above table shows term life premiums for 32-year old female non-smokers for different coverage amounts. Mutual of Omaha offers 20-year term coverage for $25,000 with a monthly rate of $10

Prosperity Life offers 20-year term coverage for $50,000, $100,000, and $250,000 with monthly rates of $12, $18, and $33, respectively.

30-Year Term Policies (Women; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32WomenNo30 Years$25,000Mutual of Omaha$11
32WomenNo30 Years$50,000Prosperity Life$14
32WomenNo30 Years$100,000Prosperity Life$22
32WomenNo30 Years$250,000Prosperity Life$43

The table above provides detailed information on the cost of 30 year term policies for a 32 year old female non-smoker. The table reveals that for a coverage of $25,000, Mutual of Omaha charges $11 per month, while Prosperity Life charges $14 per month for $50,000 coverage and $22 per month for $100,000 coverage

Lastly, Prosperity Life charges $43 per month for $250,000 coverage.

20-Year Term Monthly Premiums (Women Smokers; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32WomenYes20 Years$25,000Mutual of Omaha$14
32WomenYes20 Years$50,000Foresters$20
32WomenYes20 Years$100,000Foresters$35
32WomenYes20 Years$250,000Prosperity Life$81

This table shows the monthly premiums of various life insurance policies with a 20-year term for female smokers aged 32. For example, Mutual of Omaha offers a $25,000 coverage policy with a monthly rate of $14, while Foresters offers a $100,000 coverage policy with a monthly rate of $35

Prosperity Life also offers a $250,000 coverage policy, with a monthly rate of $81.

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Burial Insurance
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30-Year Term Insurance Quotes (Female Smokers; Age 32)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
32WomenYes30 Years$25,000Mutual of Omaha$17
32WomenYes30 Years$50,000Foresters$25
32WomenYes30 Years$100,000Prosperity Life$42
32WomenYes30 Years$250,000Prosperity Life$94

The table above provides a 30-year term life insurance quote comparison for a woman aged 32 who smokes. The quotes provide coverage from Mutual of Omaha, Foresters and Prosperity Life and provide coverage amounts of $25,000, $50,000, $100,000 and $250,000

Prices for the quotes range from $17-$94 per month.