Term Life Insurance Rates for 38-Year-Olds
- Updated: March 7, 2023
It is more important than ever for adults to ensure their financial security and to plan for any eventualities that may come their way. Term life insurance is a strong tool to help people manage the financial challenges that come with aging, and understanding how much it costs is an important step in preparing for years to come
In this article, we will explore how much term life insurance typically costs for an individual aged 38 and discuss the different factors that can affect the rates.
Table of Contents
20-Year Term Life Insurance Cost (Men; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $12 |
| 38 | Men | No | 20 Years | $50,000 | Prosperity Life | $17 |
| 38 | Men | No | 20 Years | $100,000 | Prosperity Life | $26 |
| 38 | Men | No | 20 Years | $250,000 | Prosperity Life | $54 |
The above table shows the rates for 20-year term life insurance policies for a 38-year-old male who does not smoke. The policies vary in coverage amount from $25,000 to $250,000
The company offering the policy affects the monthly rate, with Mutual of Omaha providing the lowest rate for a $25,000 policy at $12 per month, and Prosperity Life providing the highest rate for a $250,000 policy at $54 per month.
30-Year Term Life Rates (Male; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $15 |
| 38 | Men | No | 30 Years | $50,000 | Prosperity Life | $22 |
| 38 | Men | No | 30 Years | $100,000 | American Amicable | $34 |
| 38 | Men | No | 30 Years | $250,000 | American Amicable | $74 |
The table above indicates the monthly rates of 30-year term life insurance policies for 38-year-old male non-smokers. Four different coverage amounts are represented: $25,000, $50,000, $100,000, and $250,000
Four different companies offer terms, with Mutual of Omaha offering the $25,000 policy for $15/month, Prosperity Life offering the $50,000 policy for $22/month, and American Amicable offering both the $100,000 and $250,000 policies for $34/month and $74/month, respectively.
20-Year Life Insurance Pricing (Male Tobacco; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $19 |
| 38 | Men | Yes | 20 Years | $50,000 | Foresters | $32 |
| 38 | Men | Yes | 20 Years | $100,000 | Foresters | $58 |
| 38 | Men | Yes | 20 Years | $250,000 | Americo | $134 |
The table above presents the pricing of 20-year life insurance policies for a 38-year old male who is a tobacco user. The coverage amounts range from $25,000 to $250,000 and are offered by Mutual of Omaha, Foresters and Americo
Premiums vary depending on the coverage and the insurer. Mutual of Omaha offers a $25,000 coverage for $19 a month, Foresters offers a $50,000 coverage for $32 a month, a $100,000 coverage for $58 a month, and Americo offers a $250,000 coverage for $134 a month.
30-Year Term Rates (Male Smokers; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $25 |
| 38 | Men | Yes | 30 Years | $50,000 | Foresters | $39 |
| 38 | Men | Yes | 30 Years | $100,000 | Foresters | $73 |
| 38 | Men | Yes | 30 Years | $250,000 | Foresters | $174 |
The table above displays the 30-year term life insurance rates for male smokers age 38. Mutual of Omaha offers a $25,000 coverage at a monthly rate of $25
Foresters offers coverage at $50,000, $100,000, and $250,000, with corresponding monthly rates of $39, $73, and $174 respectively.
20-Year Term Premiums (Women; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $12 |
| 38 | Women | No | 20 Years | $50,000 | Prosperity Life | $14 |
| 38 | Women | No | 20 Years | $100,000 | Prosperity Life | $22 |
| 38 | Women | No | 20 Years | $250,000 | Prosperity Life | $44 |
This table provides information about 20-year term life insurance premiums for female non-smokers in the age group of 38. It highlights the coverage amount, insurance company, and monthly premium for a variety of coverage levels
The lowest coverage level is $25,000 from Mutual of Omaha and has a monthly rate of $12. For $50,000 coverage, Prosperity Life has a rate of $14/month. $100,000 coverage is offered at $22/month, and $250,000 coverage has a rate of $44/month.
30-Year Term Policies (Women; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $14 |
| 38 | Women | No | 30 Years | $50,000 | Prosperity Life | $18 |
| 38 | Women | No | 30 Years | $100,000 | American Amicable | $28 |
| 38 | Women | No | 30 Years | $250,000 | American Amicable | $59 |
This table shows the monthly rate of different term life insurance policies for a 38-year-old female non-smoker, for different coverage amounts. The policy term for each policy is 30 years
The coverage amounts range from $25,000 to $250,000, from Mutual of Omaha, Prosperity Life and American Amicable. The monthly rates for these policies start at $14 for $25,000 from Mutual of Omaha, and increase up to $59 for a $250,000 policy from American Amicable.
20-Year Term Monthly Premiums (Women Smokers; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $18 |
| 38 | Women | Yes | 20 Years | $50,000 | American Amicable | $28 |
| 38 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $50 |
| 38 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $115 |
The table above shows the monthly premiums for a 20-Year Term of life insurance coverage for a 38-year-old female smoker. The coverage amounts range from $25,000 to $250,000
Mutual of Omaha offers the lowest monthly rate of $18 for a $25,000 policy, while Prosperity Life offers the highest monthly rate of $115 for a $250,000 policy. American Amicable offers a middle-range rate of $28 for a $50,000 policy.
30-Year Term Insurance Quotes (Female Smokers; Age 38)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 38 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $23 |
| 38 | Women | Yes | 30 Years | $50,000 | American Amicable | $33 |
| 38 | Women | Yes | 30 Years | $100,000 | American Amicable | $61 |
| 38 | Women | Yes | 30 Years | $250,000 | American Amicable | $139 |
This table shows a comparison of monthly life insurance rates for a 38-year-old female smoker over a 30-year term. The companies offering coverage are Mutual of Omaha and American Amicable
Coverage levels available are $25,000, $50,000, $100,000, and $250,000. The monthly rate for the lowest coverage, $25,000, is $23 with Mutual of Omaha. For the highest coverage, $250,000, the monthly rate is $139 with American Amicable.
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)