As we age, our life insurance needs evolve. For 34-year-olds, it’s important to assess the amount of term-life insurance coverage that meets your dependents’ needs, should something happen to you
Although life insurance is an often difficult subject to face, understanding how much and what type of life insurance you need is essential for ensuring your loved ones receive financial security. So, how much does term life insurance cost for 34-year-olds? Let's take a closer look at the factors that affect your rate and the various coverage options on the market.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $10 |
| 34 | Men | No | 20 Years | $50,000 | Prosperity Life | $14 |
| 34 | Men | No | 20 Years | $100,000 | Prosperity Life | $21 |
| 34 | Men | No | 20 Years | $250,000 | Prosperity Life | $41 |
The table above shows the monthly rates for 20-year term life insurance policies for a 34-year-old male who does not smoke. It compares the cost for coverage amounts of $25,000, $50,000, $100,000, and $250,000 from two companies: Mutual of Omaha and Prosperity Life
The least expensive option is the $25,000 coverage plan from Mutual of Omaha, which has a monthly rate of $10. The most expensive option is the $250,000 coverage plan from Prosperity Life, which has a monthly rate of $41.
30-Year Term Life Rates (Male; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $12 |
| 34 | Men | No | 30 Years | $50,000 | Prosperity Life | $17 |
| 34 | Men | No | 30 Years | $100,000 | Prosperity Life | $28 |
| 34 | Men | No | 30 Years | $250,000 | American Amicable | $58 |
The table above represents the term life rates for a 34-year old male who does not smoke for a 30-year term life plan. The rates include coverage for Mutual of Omaha for $25,000 coverage, Prosperity Life for $50,000 and $100,000 coverage, and American Amicable for $250,000 coverage
The monthly rates for each company and coverage amount are popularly $12, $17, $28, and $58 respectively.
20-Year Life Insurance Pricing (Male Tobacco; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $15 |
| 34 | Men | Yes | 20 Years | $50,000 | Foresters | $24 |
| 34 | Men | Yes | 20 Years | $100,000 | Foresters | $43 |
| 34 | Men | Yes | 20 Years | $250,000 | Americo | $98 |
The table above shows the monthly rates for 20-year life insurance policies for a 34-year-old male tobacco user. The coverage amounts range from $25,000 to $250,000 and the companies offering the policies are Mutual of Omaha, Foresters and Americo
The monthly rates for a $25,000 policy are $15 with Mutual of Omaha, for a $50,000 policy with Foresters the rate is $24, for a $100,000 policy with Foresters the rate is $43 and for a $250,000 policy with Americo the rate is $98.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $19 |
| 34 | Men | Yes | 30 Years | $50,000 | Foresters | $29 |
| 34 | Men | Yes | 30 Years | $100,000 | Foresters | $54 |
| 34 | Men | Yes | 30 Years | $250,000 | Foresters | $126 |
The table above shows life insurance rates for a 30-year term for male smokers aged 34. It contains four different policies from two different companies, Mutual of Omaha and Foresters, with coverage amounts up to $250,000
The monthly rate for the policies range from $19 to $126.
20-Year Term Premiums (Women; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $10 |
| 34 | Women | No | 20 Years | $50,000 | Prosperity Life | $13 |
| 34 | Women | No | 20 Years | $100,000 | Prosperity Life | $18 |
| 34 | Women | No | 20 Years | $250,000 | Prosperity Life | $35 |
The table above indicates that Mutual of Omaha provides a 20-year term insurance policy for women aged 34 who are not smokers. They offer a coverage amount of $25,000 with a monthly rate of $10. Prosperity Life also offers a 20-year term insurance policy for women aged 34 who are not smokers
They offer coverage amounts of $50,000, $100,000, and $250,000 with respective monthly rates of $13, $18, and $35.
30-Year Term Policies (Women; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $12 |
| 34 | Women | No | 30 Years | $50,000 | Prosperity Life | $15 |
| 34 | Women | No | 30 Years | $100,000 | Prosperity Life | $23 |
| 34 | Women | No | 30 Years | $250,000 | Prosperity Life | $45 |
The table above details the monthly rates of various 30-year term policies, available to women aged 34 and non-smokers, from two different insurers. Mutual of Omaha offers a $25,000 coverage policy for a monthly rate of $12, while Prosperity Life offers $50,000 coverage for a monthly rate of $15, $100,000 coverage for a monthly rate of $23, and $250,000 coverage for a monthly rate of $45.
20-Year Term Monthly Premiums (Women Smokers; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $15 |
| 34 | Women | Yes | 20 Years | $50,000 | Foresters | $23 |
| 34 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $39 |
| 34 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $86 |
The table above shows the monthly premiums for a 20-year term for women smokers of age 34 across different coverage amounts from three different companies: Mutual of Omaha, Foresters, and Prosperity Life. The coverage amounts included in the table are $25,000, $50,000, $100,000, and $250,000
At Mutual of Omaha, the monthly rate for a policy with a $25,000 coverage amount is $15, and the monthly rate for a policy with a $50,000 coverage amount is $23. For a $100,000 coverage amount, the monthly rate at Foresters is $39 and at Prosperity Life it is $86. Lastly, for a $250,000 coverage amount, the monthly rate at Prosperity Life is $86.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 34)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 34 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $18 |
| 34 | Women | Yes | 30 Years | $50,000 | Prosperity Life | $26 |
| 34 | Women | Yes | 30 Years | $100,000 | Prosperity Life | $44 |
| 34 | Women | Yes | 30 Years | $250,000 | Prosperity Life | $100 |
The table above provides the monthly rates for term life insurance policies for female smokers age 34. The rates are provided by two companies, Mutual of Omaha and Prosperity Life
For Mutual of Omaha, a $25,000 term policy for 30 years has a rate of $18 per month. For Prosperity Life, a $25,000 term policy for 30 years has a rate of $26, and the rate increases to $44 for a $100,000 coverage and $100 for a $250,000 coverage.
