1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The average rating people get for life insurance is Standard. From that, you can determine the average cost for persons of different ages. 

    Keep in mind that the average cost for an 80 year old is going to be much different than the average cost for a 20 year old. As will the average cost for someone with diabetes as compared with someone with perfect health. The length of the term, or whether the policy is a permanent policy, have a great effect on the premium, as well. 

    It is a good idea to go into a life insurance sale with your top dollar that you can spend, in mind. Then see if you can get a policy that suits your needs for a premium a little lower than that. Something is better than nothing, and by consulting with an honest and knowledgeable agent, most people can find coverage at a price they can afford.
    Answered on July 23, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! Unfortunately, there is no "average cost" that I can honestly give you. Life insurance is like a tailored suit. Each person is built differently, so my suit most likely won't fit the average person, any more than yours probably would. Since life insurance costs are based upon your personal health situation, age and gender, the rate is tailored to you. There are companies that issue policies that charge a flat rate by age, but they also tend to increase those costs every few years, and end your coverage the day you turn 80. Please speak with an agent who can give you some specific numbers for you to look at. Thank you for asking!
    Answered on July 23, 2014
  3. 836 POINTS
    Kyla Beamon
    Insurance Concierge, M&G Insurance, Lake Oswego Oregon
    3-10-2017

    If you are really healthy and are not taking any prescription medications you will get the best rates at what a lot of company's call Preferred Plus. Most people, however, qualify for Preferred rates or lower. Males and Females pay different rates as women are usually less due to living longer and of course it's also based on age and health issues. They also use smoking or not to determine your rate. Another factor that effects rates is if you choose to purchase your term insurance for 10, 15, 20, 25, or 30 years.

    An "average" rate for a:

    35 yr old Male, non-smoking, Preferred rating, Lives in Oregon

    100,000 250,000 500,000
    10 year Term $11.00 $13.00 $20.00
    20 year term $13.00 $20.00 $31.00
    30 year term $17.00 $28.00 $48.00

    Keep in mind that the above rates are from only ONE company. Company's vary by up to about $10/month. Keep in mind that if you pay annually you might even save more money.
    Answered on March 10, 2017
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