Term Life Insurance Rates by Age Chart (2026)
A healthy 30-year-old can lock in $250,000 of 20-year term coverage starting at $14.62 a month. At 60, the same coverage starts at $115.89. Below, we break down rates by age, coverage amount, and term length, including the senior prices most charts leave out.
The Full Chart
Term Life Rates by Age: 30 to 70
The tables below show the lowest monthly rates available through Asurgo's carrier lineup for healthy, female, non-tobacco applicants. Male rates are typically 15% to 25% higher. Your actual premium depends on your health, gender, tobacco use, carrier, and state.
10-Year Term
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 30 | From $11.18/mo | From $12.90/mo | From $23.22/mo |
| 40 | From $15.91/mo | From $21.50/mo | From $40.42/mo |
| 50 | From $28.60/mo | From $45.15/mo | From $87.72/mo |
| 60 | From $69.88/mo | From $124.27/mo | From $245.96/mo |
| 70 | From $208.12/mo | From $376.68/mo | From $750.78/mo |
20-Year Term
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 30 | From $14.62/mo | From $20.64/mo | From $38.70/mo |
| 40 | From $23.87/mo | From $38.70/mo | From $74.82/mo |
| 50 | From $45.58/mo | From $80.41/mo | From $158.24/mo |
| 60 | From $115.89/mo | From $215.00/mo | From $427.42/mo |
| 70 | From $401.41/mo | From $766.69/mo | From $1,530.80/mo |
30-Year Term
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 30 | From $18.71/mo | From $30.10/mo | From $57.62/mo |
| 40 | From $34.19/mo | From $60.20/mo | From $117.82/mo |
| 50 | From $79.98/mo | From $150.07/mo | From $297.56/mo |
| 60 | Not available | Not available | Not available |
| 70 | Not available | Not available | Not available |
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These are starting prices for the healthiest applicants. Your rate depends on your health, age, and gender. We compare carriers to find your lowest price in minutes.
Who We Compare
Three Term Carriers, One Quote
Asurgo compares rates from three term life carriers to find the lowest price for your age and health profile. Each carrier has different strengths, so the best option for you depends on your situation.
Transamerica Trendsetter
AM Best: A (Excellent)
Terms: 10, 15, 20, 25, 30 years
Ages: 18 to 80 (varies by term)
Coverage: $25K to $10M+
Six risk classes including Super Preferred. Best rates go to applicants with excellent health. Widest age range of any carrier in our lineup.
Mutual of Omaha Term Life Express
AM Best: A+ (Superior)
Terms: 10, 15, 20, 30 years
Ages: 18 to 75 (varies by term)
Coverage: $25K to $550K
Simplified issue with no paramedical exam. Two risk classes. Decisions often in days. Marijuana use allowed for non-tobacco rates.
Royal Neighbors Jet Term
AM Best: A- (Excellent)
Terms: 15, 20, 30 years (no 10-year)
Ages: 18 to 65 (varies by term)
Coverage: $50K to $5M
Accelerated underwriting for ages 18 to 60. Five risk classes. Fraternal member benefits. Not available in AL, AK, HI, LA, MA, NH, NY.
All three carriers include living benefit riders at no extra cost. If you're diagnosed with a terminal, chronic, or critical illness during your term, you can access a portion of your death benefit while you're still alive.
Financial strength ratings from AM Best, the leading insurance industry credit rating agency. For a head-to-head comparison, see our Transamerica vs. Mutual of Omaha review.
Ages 30 to 49
Term Life Rates in Your 30s and 40s
Your 30s and 40s are the best time to buy term life insurance. A healthy 30-year-old woman can get $250,000 of 20-year coverage starting at just $14.62 a month. Even $1,000,000 of 10-year coverage starts at $23.22. Rates are at their lowest, and you have the widest range of term lengths and coverage amounts to choose from.
At these ages, you'll qualify for 10, 20, and 30-year terms from both Transamerica and Mutual of Omaha. Royal Neighbors offers 15, 20, and 30-year terms. If you want the longest stretch of locked-in coverage, a 30-year term is available from all three carriers through age 50.
Women in their 30s and 40s typically pay 15% to 25% less than men for the same coverage. This gap holds across all three carriers and all term lengths.
Which carrier gives you the best rate depends on your health profile. Transamerica's six risk classes reward excellent health with Super Preferred pricing. If you have well-controlled blood pressure, clean lab work, and no family history of heart disease or cancer before age 60, Transamerica may offer the lowest rate. If you'd rather skip the medical exam, Mutual of Omaha Term Life Express provides coverage through a simplified application with decisions often in days.
Health class matters more than most people realize. The difference between a "Standard" and "Preferred" rating can mean 20% to 30% lower premiums. If you're in good health and don't use tobacco, you'll likely qualify for preferred rates from at least one carrier.
If you're in your 30s or 40s, the single best thing you can do for your family's financial protection is to lock in coverage now. Every year you wait, your rate goes up. Any health changes during that time can push you into a higher rate class or limit which carriers will accept you.
Ages 50 to 59
Term Life Rates in Your 50s
Term life is still affordable in your 50s, but rates climb faster than in your 30s and 40s. The biggest change is that 30-year terms start to disappear. Mutual of Omaha and Royal Neighbors both cap 30-year terms at age 50. Only Transamerica offers a 30-year term past 50, and its maximum issue age for a 30-year is 60.
If you're 50 and want the longest possible term, a 30-year policy is still available from all three carriers. At 52 and beyond, only Transamerica writes 30-year terms. At 55, a 20-year term takes you to age 75, covering your remaining working years and early retirement.
Mutual of Omaha Term Life Express becomes especially attractive in your 50s. It's simplified issue, meaning no blood draw, no nurse visit, and no waiting weeks for exam results. For applicants who don't want the hassle of a full medical underwriting process, this is the fastest path to coverage. MoO offers 20-year terms through age 60 and 10-year terms through 75.
Rates in your 50s vary more between carriers than at younger ages. Each carrier weighs health factors differently, so two 52-year-olds with different blood pressure readings or cholesterol levels may get very different quotes. This is where comparing all three carriers makes the biggest difference.
Conversion options also become more important in your 50s. All three carriers offer the ability to convert your term policy to permanent coverage without a new medical exam. Mutual of Omaha allows conversion after policy year 2. Royal Neighbors allows conversion starting in year 3. Check the conversion deadline in your specific policy.
Ages 60 to 69
Term Life Rates in Your 60s
Rates in your 60s are significantly higher than in your 50s. A 10-year, $250,000 policy that starts at $28.60 a month at age 50 jumps to $69.88 at 60. A 20-year term at the same coverage goes from $45.58 to $115.89. The increase reflects the higher statistical risk at this age. This doesn't mean term life is a bad deal in your 60s. It means you need to be more deliberate about how much coverage you buy and for how long.
At age 60, all three carriers still offer 10-year and 20-year terms. Royal Neighbors also offers 15-year terms through age 65. But availability narrows quickly after 60. At 62, Royal Neighbors and Mutual of Omaha stop offering 20-year terms. Only Transamerica writes a 20-year policy at 62 through 70. By 65, Royal Neighbors stops issuing new policies entirely.
Transamerica's 30-year term is still available at age 60, which is a significant advantage over the other two carriers. A 30-year term at 60 locks in your rate until age 90. This only makes sense in specific situations, and the premium will be high, but the option exists.
For many people in their 60s, the question shifts from "how much term can I afford" to "is term still the right product." If your mortgage is nearly paid off and your children are financially independent, you may not need a large death benefit. A smaller final expense whole life policy might provide more practical value at a lower monthly cost.
If you do need term coverage in your 60s, comparing carriers is critical. Rate differences between carriers can be 30% or more at this age because each company weighs older-age risk factors differently.
Ages 70 to 80
When Term Life Stops Making Sense
This is where most rate charts stop. We include ages 70 to 80 because the reality at these ages matters, and pretending it doesn't exist doesn't help anyone.
After age 70, your term life options shrink to two carriers. Royal Neighbors doesn't issue new policies past 65. Mutual of Omaha offers 10-year terms through 75 and 15-year terms through 70. Only Transamerica writes new policies past 75, offering 10-year terms up to age 80.
Look at the chart above: a 20-year, $250,000 term policy starts at $401.41 per month at age 70. That's more than $4,800 a year. A 10-year term at the same coverage is still $208.12 per month. These aren't outlier prices. They're the starting rates for the healthiest applicants.
There's no way to soften this: term life insurance is designed for younger people with time-limited financial obligations. It works best when you have a mortgage, dependents, or income to replace. By your 70s, most of those obligations are behind you.
For seniors who still need life insurance, final expense whole life is usually the better fit. Final expense policies cover funeral costs and small debts, typically $5,000 to $50,000. They don't expire, premiums never increase, and most don't require a medical exam. A healthy 70-year-old can get $15,000 to $25,000 in final expense coverage for roughly the same monthly cost as a much smaller term policy.
Asurgo works with over 25 final expense carriers, including several that specialize in coverage for ages 50 to 85. If you're 70 or older and exploring your options, a final expense policy is worth comparing alongside any term quotes you receive.
If you're reading this page in your 40s or 50s, the takeaway is simple: buy term now while you can lock in low rates and choose from all three carriers. The chart above shows what happens to your options and pricing when you wait.
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Frequently Asked Questions About Term Life Rates
How much does term life insurance cost at age 60?
A healthy 60-year-old woman can get a 10-year, $250,000 term life policy starting at $69.88 per month. A 20-year term at the same coverage starts at $115.89 per month. Male rates are typically 15% to 25% higher. At 60, 30-year terms are no longer available from the carriers Asurgo works with. Comparing quotes from multiple carriers is the best way to find your lowest rate.
Can you get term life insurance after 70?
Yes, but options are limited. Transamerica offers 10-year term policies up to age 80 and 20-year terms up to age 70. Mutual of Omaha offers 10-year terms up to age 75. Royal Neighbors does not issue new term policies past age 65. At 70 and older, premiums are high and only short terms are available. Many families find that final expense whole life insurance provides better value at this age. Final expense policies are available up to age 85 with no medical exam and premiums that never increase.
Why does term life cost more as you age?
Term life premiums increase with age because older applicants have a higher statistical risk of passing away during the policy term. Carriers price policies based on mortality data, and the likelihood of a claim rises sharply after age 50. That's why buying term coverage earlier locks in a lower rate for the full term. Once your rate is set, it stays the same for the entire term regardless of any health changes.
Is a 10-year or 20-year term policy cheaper?
A 10-year term has a lower monthly premium because the carrier takes on risk for a shorter period. The 20-year term costs more per month but locks in your rate for twice as long. If you need coverage for more than 10 years, the 20-year term often provides better long-term value because reapplying at an older age means higher rates. Choose the term length that matches when your financial obligations will be resolved. Note that Royal Neighbors Jet Term starts at 15-year terms, so their shortest option is slightly longer than a standard 10-year.
Do I need a medical exam for term life insurance?
Not always. Mutual of Omaha Term Life Express is a simplified-issue product that doesn't require a paramedical exam. It uses health questions, prescription databases, and other records to make a decision, often within days. Transamerica Trendsetter is fully underwritten and typically requires an exam for the best rates. Royal Neighbors Jet Term offers accelerated underwriting for ages 18 to 60 and face amounts up to $500,000, which may not require an exam depending on the results of the initial review.
What happens when a term life policy expires?
When your term life policy expires, coverage ends and no death benefit is paid. You have two main options: renew at a much higher premium based on your current age, or convert to a permanent whole life policy if your contract includes a conversion privilege. All three carriers Asurgo uses for term life offer conversion options. Mutual of Omaha allows conversion after policy year 2. Transamerica offers conversion to its permanent products. Royal Neighbors allows conversion during years 3 through 12 depending on term length. Converting lets you keep coverage without a new medical exam.
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Nicholas Norminton, Licensed Insurance Specialist
Specialties: term life, final expense, carrier comparison, independent broker placement, simplified-issue underwriting.
Nicholas is a nationally licensed insurance specialist with extensive experience across the industry. He has personally helped thousands of clients secure life insurance coverage and built Asurgo into a trusted, tech-forward brokerage serving clients in all 50 states.