The Cheapest Life Insurance Companies

The monetary value of life indemnity may vary, and monthly premiums can be arsenic high gear as $ 365 or vitamin a low as $ 18. Life insurance will help protect your love ones from fiscal disaster when you are no long about. Depending on the type of policy you choose, you can get policy coverage for a certain number of years or your wholly life. A life indemnity policy is an agreement between an individual and an policy company. According to the terms of the agreement, the person makes bounty payments in fall for a death benefit the provider will pay to the policy owner ‘s beneficiaries. assorted factors affect life policy rates, including age, gender, smoking condition, overall health, height, weight, life style habits, family medical history, amount of coverage and how long the policy will final. The monetary value of life indemnity may increase due to risk factors or the overall coverage amount.

indemnity costs vary from person to person. It is potential to find cheap life policy that will not break the bank, which is specially significant for individuals with a limited or sterilize income. like to other indemnity or fiscal products, life insurance companies use differing rate calculations, with some offering cheaper premiums than others. You can find low-cost biography insurance with some inquiry. Regardless of your long time or health status, biography insurance is worth considering, as it allows you to protect the future of your love ones.

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key Takeaways

coins2 monthly premiums for life insurance range from american samoa low as $ 18 to ampere gamey as $ 365 .checkList Life policy premiums are based on factors like age, gender, smoking condition, overall health, height, weight unit, life style habits, family medical history, come of coverage and policy length .barChart Term animation indemnity is normally the cheapest form of life indemnity, but rates vary from person to person.

The Cheapest Life Insurance Companies

When looking for low-cost life indemnity, it is crucial to understand the factors affecting premium prices. Among these are old age, overall health and smoke status. The company that offers you the cheapest life policy option will depend on your circumstances. Transamerica typically provides the most low-cost life insurance for smokers and across all age groups.

Monthly Quotes From Companies With the Cheapest Term Life Insurance

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  • Cheapest For … insurance company monthly Rate
  • 30-Year-Olds

    Transamerica

    $18.28

  • 40-Year-Olds

    Transamerica

    $27.09

  • 50-Year-Olds

    Transamerica

    $64.93

  • 60-Year-Olds

    Transamerica

    $199.95

  • 70-Year-Olds

    State Farm

    $365.39

  • Smokers

    Transamerica

    $62.57

  • Low-Health Individuals

    Mutual of Omaha

    $22.15

  • High BMI Individuals

    Nationwide

    $21.96

mglogo MoneyGeek Top Pick

Transamerica
  • MoneyGeek Score: 80/100
  • J.D. Power Rating: 736.4/1000
  • AM Best Rating: A
Monthly Quotes From Companies With the Cheapest Permanent Coverage

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  • Cheapest insurance company
  • Whole Life Insurance

    Transamerica

  • Universal Life Insurance

    Transamerica

  • Guaranteed Acceptance Insurance (Whole Life Without Medical Exam)

    Nationwide

  • Simplified Issue Insurance

    Nationwide

  • Final Expense Insurance

    Transamerica

MoneyGeek Top PickNationwide

  • MoneyGeek Score: 88.6/100
  • J.D. Power Rating: 785.5/1000
  • AM Best Rating: A+

Companies With the Cheapest Term Life Insurance

Term life indemnity refers to policies that provide coverage for a specify period. Unlike whole life sentence, term life indemnity is less complicate and more low-cost because it is aboveboard indemnity that lasts for a limited total of years. generally, term life is the cheapest human body of liveliness policy. The least expensive term life policy will vary based on several factors, such as age, gender, occupation, placement, life style, overall health, smoking status and policy term.

Companies With the Cheapest Term Life Insurance by Age

The least expensive term life policy varies depending on your age. For case, the cheapest option, based on a coverage total of $ 500,000, for a 20-year term for a 30-year-old individual is Transamerica, at $ 237 per calendar month. The same company has the cheapest median rate for 40-year-olds at $ 360 each calendar month. meanwhile, State Farm offers the most low-cost agio for 50-year-olds at an average pace of $ 1,079 monthly. Life insurance tends to cost more based on your age when you sign up for it because indemnity companies consider how long you are probable to live after the issue of the policy or the length of fourth dimension it will be in force. typically, the cost of life indemnity increases per decade of life. For example, the median monthly rate increase for a 40-year-old is 31.10 % for a 10-year term, 52.09 % for a 20-year term and 63.76 % for a 30-year term. Life indemnity for seniors tends to be the most expensive, with Transamerica offering the cheapest for 60-year-olds and State Farm having the least expensive term life insurance for 70- and 80-year-olds.

Monthly Quotes for Cheapest Term Life Providers by Age

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  • age Cheapest insurance company 10-Year Term 15-Year Term 20 year term 30 year term
  • 30-Year-Olds

    Transamerica

    $12.79

    $14.73

    $236.94

    $32.43

  • 40-Year-Olds

    Transamerica

    $16.77

    $22.36

    $360.36

    $53.11

  • 50-Year-Olds

    State Farm

    $59.15

    Not offered

    $1,079.44

    Not offered

  • 60-Year-Olds

    Transamerica

    $126.53

    $162.29

    $2,766.20

    Not offered

  • 70-Year-Olds

    State Farm

    $415.63

    Not offered

    Not offered

    Not offered

  • 80-Year-Olds

    State Farm

    $1,039.08

    Not offered

    Not offered

    Not offered

The quotes above are based on a policy with $500k coverage. MoneyGeek Top PickState Farm

  • MoneyGeek Score: 97.4/100
  • J.D. Power Rating: 820.5/1000
  • AM Best Rating: A++

Companies With the Cheapest Term Life Insurance by State

Where you live can affect the cost of your life policy policy. Rates vary by express, and different companies take the leave in offering the best premiums in respective locations. In most states, Mass Mutual is the cheapest life sentence indemnity company and boasts the most low-cost rates in 33 states. Nationwide comes in moment, offering the most low-cost life indemnity in nine states. Transamerica has the cheapest options in six states and Mutual of Omaha in two states.

Monthly Quotes for the Cheapest Term Life Insurance Providers by State

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  • state average coverage Needed Cheapest insurance company monthly Rate
  • Alabama

    $592,000.00

    Mass Mutual

    $14.96

  • Alaska

    $860,000.00

    Mass Mutual

    $18.76

  • Arizona

    $708,000.00

    Mass Mutual

    $17.06

  • Arkansas

    $576,000.00

    Mass Mutual

    $14.71

  • California

    $1,130,000.00

    Transamerica

    $18.07

  • Colorado

    $919,000.00

    Transamerica

    $18.37

  • Connecticut

    $975,000.00

    Transamerica

    $19.48

  • Delaware

    $740,000.00

    Mass Mutual

    $17.47

  • Florida

    $736,000.00

    Transamerica

    $16.53

  • Georgia

    $680,000.00

    Mass Mutual

    $16.63

  • Hawaii

    $1,009,000.00

    Mass Mutual

    $20.04

  • Idaho

    $667,000.00

    Transamerica

    $15.15

  • Illinois

    $769,000.00

    Nationwide

    $17.72

  • Indiana

    $597,000.00

    Mass Mutual

    $14.93

  • Iowa

    $644,000.00

    Mass Mutual

    $15.43

  • Kansas

    $661,000.00

    Mass Mutual

    $15.61

  • Kentucky

    $566,000.00

    Mass Mutual

    $14.68

  • Louisiana

    $632,000.00

    Mass Mutual

    $15.30

  • Maine

    $645,000.00

    Mass Mutual

    $17.81

  • Maryland

    $926,000.00

    Mass Mutual

    $18.52

  • Massachusetts

    $1,030,000.00

    Nationwide

    $20.22

  • Michigan

    $628,000.00

    Mass Mutual

    $16.20

  • Minnesota

    $763,000.00

    Mass Mutual

    $17.67

  • Mississippi

    $519,000.00

    Mass Mutual

    $14.11

  • Missouri

    $625,000.00

    Mass Mutual

    $15.31

  • Montana

    $710,000.00

    Mass Mutual

    $17.76

  • Nebraska

    $710,000.00

    Nationwide

    $17.24

  • Nevada

    $788,000.00

    Mass Mutual

    $17.95

  • New Hampshire

    $808,000.00

    Nationwide

    $17.40

  • New Jersey

    $965,000.00

    Nationwide

    $19.99

  • New Mexico

    $612,000.00

    Mass Mutual

    $16.77

  • New York

    $966,000.00

    Mutual of Omaha

    $20.93

  • North Carolina

    $649,000.00

    Mass Mutual

    $16.38

  • North Dakota

    $727,000.00

    Mass Mutual

    $16.30

  • Ohio

    $614,000.00

    Mass Mutual

    $15.19

  • Oklahoma

    $602,000.00

    Mass Mutual

    $14.98

  • Oregon

    $809,000.00

    Mass Mutual

    $18.30

  • Pennsylvania

    $718,000.00

    Nationwide

    $17.15

  • Rhode Island

    $772,000.00

    Nationwide

    $17.79

  • South Carolina

    $628,000.00

    Mass Mutual

    $15.40

  • South Dakota

    $696,000.00

    Mass Mutual

    $15.98

  • Tennessee

    $652,000.00

    Mass Mutual

    $15.60

  • Texas

    $719,000.00

    Mass Mutual

    $16.22

  • Utah

    $764,000.00

    Mass Mutual

    $17.45

  • Vermont

    $697,000.00

    Transamerica

    $18.13

  • Virginia

    $866,000.00

    Nationwide

    $18.68

  • Washington

    $965,000.00

    Nationwide

    $19.89

  • West Virginia

    $530,000.00

    Mutual of Omaha

    $15.95

  • Wisconsin

    $660,000.00

    Mass Mutual

    $15.75

  • Wyoming

    $793,000.00

    Mass Mutual

    $18.01

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The quotes above are based on a policy with a 20 year term length and an average amount of coverage needed per state, based on per capita income for a 30-year-old individual. MoneyGeek Top Pick

MassMutual
  • MoneyGeek Score: 84.5/100
  • J.D. Power Rating: 758.1/1000
  • AM Best Rating: A++

Companies With the Cheapest Term Life Insurance by Coverage Amount

More coverage provides better protection but leads to higher premiums. When calculating the coverage you need, the safest choice is to multiply your annual wage by 10–12 times. MoneyGeek recommends getting $ 500,000 coverage, which is 10 times the annual modal engage in the U.S. . The most low-cost caller will besides deviate depending on the coverage. Transamerica is the cheapest company for 30-, 40-, 50- and 60-year-olds looking for $ 250,000, $ 500,000, and $ 1 million in coverage. meanwhile, Progressive has the most cheap term life policy for 70-year-olds across all coverage levels.

Monthly Quotes for the Cheapest Term Life Providers by Coverage Amount

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  • historic period Cheapest insurance company $ 250k coverage $ 500k coverage $ 1M coverage
  • 30

    Transamerica

    $12.15

    $18.28

    $28.81

  • 40

    Transamerica

    $16.56

    $27.09

    $46.44

  • 50

    Transamerica

    $36.34

    $64.93

    $116.96

  • 60

    Transamerica

    $105.46

    $199.95

    $386.14

  • 70

    Progressive

    $412.96

    $1,174.55

    $2,303.51

The quotes above are based on a policy with a 20-year term length. MoneyGeek Top Pick

Transamerica
  • MoneyGeek Score: 80/100
  • J.D. Power Rating: 736.4/1000
  • AM Best Rating: A

Cheapest Term Life Insurance Providers for Smokers

policy companies view smokers as bad individuals because they are more prone to severe illness and can have a shorter life than non-smokers. These health effects result in higher agio rates on life policy for for people who smoke. The dispute in policy rates between a smoker and a non-smoker can range from 185.71 % to 454.62 %. Transamerica offers the lowest average monthly rate for smokers at $ 63, followed by Mass Mutual at $ 75 and State Farm at $ 78. Based on average rates, the most expensive option is Nationwide, at $ 118 per calendar month.

Monthly Quotes for Cheapest Term Life Insurance Providers for Smokers

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  • insurance company monthly Rate
  • 1. Transamerica $ 62.57
  • 2. Mass Mutual $ 75.27
  • 3. submit farm $ 77.64
  • 4. Mutual of Omaha $ 87.30
  • 5. abdominal aortic aneurysm $ 88.00
  • 6. progressive $ 91.36
  • 7. prudential $ 101.88
  • 8. nationally $ 117.69

The quotes above are based on a policy with $500k coverage and a 20-year term for a 30-year-old individual who smokes. MoneyGeek Top Pick

Transamerica
  • MoneyGeek Score: 80/100
  • J.D. Power Rating: 736.4/1000
  • AM Best Rating: A

Cheapest Term Life Insurance Rates for Those With Low Health Ratings

Your health fink is one of the most meaning deciding factors when it comes to the cost of your insurance. It is based on your aesculapian history, class checkup history, smoking status and medical circumstance. Life insurance health ratings are typically categorized into the follow classifications :

  • Preferred
  • Standard
  • Preferred Smoker
  • Standard Smoker
  • Preferred Plus
  • Standard Plus
  • Substandard
    Insurance policies can cost 46.25%–101.01% more for a low-health individual than for someone with excellent health. Based on average monthly rates, Mutual of Omaha is the cheapest company for individuals with low health ratings, typically charging $22 per month. Transamerica is not far behind at $31 monthly, followed by Mass Mutual, with premiums averaging $40 each month.
Cheapest Term Life Provider Quotes for Those With Low Health Ratings

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  • insurance company monthly Rate
  • 1. Mutual of Omaha $ 22.15
  • 2. Transamerica $ 30.96
  • 3. Mass Mutual $ 40.46
  • 4. express farm $ 41.54
  • 5. countrywide $ 42.66
  • 6. abdominal aortic aneurysm $ 45.54
  • 7. liberal $ 46.77
  • 8. prudential $ 54.65

The quotes above are based on a policy with $500k coverage and a 20-year term length for a 30-year-old individual with a low health rating. MoneyGeek Top Pick

Mutual of Omaha
  • MoneyGeek Score: 90.8/100
  • J.D. Power Rating: 783.4/1000
  • AM Best Rating: A+

Cheapest Term Life Providers for High BMI Individuals

Individuals with high BMIs are considered bad individuals by life policy companies. That is because high BMI can increase the risk of certain conditions, like diabetes and high gear lineage blackmail. In some cases, insurance providers use consistency aggregate index, or BMI, to determine an individual ‘s level of health. This causes some individuals who have good muscle mass share, like bodybuilders, to sometimes be considered corpulent. insurance can increase by 3.50 % –104.04 % for those who have high BMI. On average, Nationwide offers the best rates for individuals with high BMIs. It charges an average monthly rate of $ 22. Mass Mutual comes in moment at barely over $ 22.52 per month, followed at barely pennies more by Mutual of Omaha at a monthly rate of $ 22.93.

Quotes from the Cheapest Term Life Insurance Providers for High BMI

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  • insurance company monthly Rate
  • 1. countrywide $ 21.96
  • 2. Mass Mutual $ 22.52
  • 3. Mutual of Omaha $ 22.93
  • 4. Transamerica $ 35.83
  • 5. state grow $ 42.99
  • 6. abdominal aortic aneurysm $ 47.13
  • 7. progressive $ 48.40
  • 8. prudential $ 52.79

The quotes above are based on a policy with $500k coverage and a 20-year term for a 30-year-old individual with a BMI classified as obese. MoneyGeek Top PickNationwide

  • MoneyGeek Score: 88.6/100
  • J.D. Power Rating: 785.5/1000
  • AM Best Rating: A+
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Cheapest Term Life Insurance Companies for Pre-Existing Conditions

insurance companies besides base premiums on whether or not an individual has preexistent conditions, which are health issues and conditions acquired before they applied for life insurance coverage. common preexistent conditions include :

  • Asthma
  • Autism
  • Cancer
  • Depression and other mental health conditions
  • Diabetes
  • Epilepsy
  • Heart disease

While most insurers are flexible regarding preexistent conditions, eligibility for a traditional policy may vary depending on type or austereness. Individuals with preexistent conditions tend to have more expensive premiums than those with excellent health. however, it is inactive possible to find cost-efficient animation policy if you have a medical condition. countrywide offers the cheapest rate at $ 21 per calendar month, followed by Mutual of Omaha at $ 22 and AAA at $ 23.

Cheapest Term Insurance Provider Rates for Pre-Existing Conditions

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  • insurance company monthly Rates
  • 1. countrywide $ 21.22
  • 2. Mutual of Omaha $ 22.15
  • 3. abdominal aortic aneurysm $ 23.10
  • 4. prudential $ 34.82

Companies With the Cheapest Permanent Life Insurance

Another coverage choice, permanent wave life policy, is designed not to expire. There are two types of permanent life insurance : whole life policy and cosmopolitan life indemnity. Unlike term life insurance, solid animation policy is guaranteed to provide coverage that will last until the policyholder ‘s death, and it includes cash prize. Despite being more expensive than terminus life insurance, it is the best option for people who need long-run coverage. If your highest priority is brassy life indemnity, term life is the way to go. The cheapest permanent liveliness policy provider for you will be based on several factors. These include your age, sex, location, smoking condition and overall health.

Companies With the Cheapest Whole Life Insurance

similar to term biography policy policies, as you historic period, the price of whole life indemnity premiums increase. The cheapest options may vary depending on how erstwhile you are. Transamerica typically offers the lowest rates for 30-, 40-, 50- and 60-year-olds. meanwhile, State Farm has the cheapest permanent biography policy for 70-year-olds. wholly life policy is more complex than condition liveliness policy. It has two parts : the life policy part and the cash value component. whole liveliness indemnity can cost up to 20 times more than terminus animation policy. It remains active throughout your life or until a assign age, typically 100–121 years old. It besides offers generally tax-deferred cash measure, which can serve as a save part. additionally, premiums for whole life sentence insurance will never increase once the policy is in seat, careless of senesce, health and ostentation. MoneyGeek evaluated companies to determine the cheapest options based on their terminus life sentence policy rates.

Companies With the Cheapest Whole Life Insurance

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  • Cheapest For … insurance company
  • 30-Year-Olds

    Transamerica

  • 40-Year-Olds

    Transamerica

  • 50-Year-Olds

    Transamerica

  • 60-Year-Olds

    Transamerica

  • 70-Year-Olds

    State Farm

MoneyGeek Top Pick

Transamerica
  • MoneyGeek Score: 80/100
  • J.D. Power Rating: 736.4/1000
  • AM Best Rating: A

Cheapest Life Insurance Companies With No Medical Exam

If you are looking for life insurance that does not require a medical examination, you have two options : guaranteed acceptance and simplify issue .

Types of Life Insurance That Do Not Require a Medical Exam

insurance2Guaranteed Acceptance Insurance:

  • Fast approval
  • Has a waiting period, during which the beneficiaries may only receive a return of premiums paid plus interest, instead of the full death benefit
  • Limited coverage amount or coverage cap, which is typically up to $25,000
  • No medical exams or questionnaires about health
  • Usually limited to individuals 50–85 years old, though some companies offer this coverage to younger individuals

wristwatchSimplified Issue Insurance:

  • Possible waiting period for full benefits payout
  • Limited coverage amount or coverage cap, which is typically up to $150,000
  • Underwriting based on medical records, driving history and family medical history
  • Has questionnaires about health
  • No age restrictions

Cheapest Guaranteed Acceptance Insurance

If you are looking for low-cost guarantee adoption indemnity, the best option for you is Ethos. It offers an average monthly rate of $ 18. Following Ethos is Mutual of Omaha, with premiums of $ 57 and Gerber Life with a $ 68 premium.

Quotes From Cheapest Guaranteed Acceptance Insurance Providers

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  • insurance company monthly Rate
  • 1. ethos $ 18.86
  • 2. Mutual of Omaha $ 57.00
  • 3. Gerber Life $ 68.05

MoneyGeek Top Pick

Ethos LIfe
  • MoneyGeek Score: N/A
  • J.D. Power Rating: N/A
  • AM Best Rating: A

Cheapest Simplified Issue Insurance

only a few companies offer simplify publish indemnity products. It is besides challenging to get quote data for simplified topic products. That said, MoneyGeek experts narrowed down the cheapest, high-quality option for this type of insurance to Nationwide. MoneyGeek Top PickNationwide

  • MoneyGeek Score: 88.6/100
  • J.D. Power Rating: 785.5/1000
  • AM Best Rating: A+

Cheapest Life Insurance Companies With Final Expense Insurance

Final expense indemnity is a type of hale life policy that provides a small death benefit intended to cover funeral expenses. It is besides known as funeral indemnity or burying indemnity. Quote data for final expense policy is unmanageable to come by. however, MoneyGeek experts narrowed down the most cost-efficient liveliness policy supplier for a final expense policy to Transamerica. Transamerica ’ s concluding expense product extend includes face measure amounts ranging between $ 1,000– $ 50,000. The death benefit is income tax-exempt. MoneyGeek Top Pick

Transamerica
  • MoneyGeek Score: 80/100
  • J.D. Power Rating: 736.4/1000
  • AM Best Rating: A

Should You Get Life Insurance?

For this article, we investigated the cheapest options for biography insurance. But good because something is cheap does not always mean it ’ s your best option. The aim of this section is to outline which criteria you may want to consider when deciding whether or not you need life policy. sol, the motion we want to answer here is, “ Is it hardheaded for person with my specific circumstances to get life insurance ? ” Though most people need biography indemnity, not everyone does. For many, it may be an unnecessary expense. If you meet certain criteria, it is approve to forgo life policy altogether. however, many people, particularly breadwinners for their families, should buy animation insurance .

Should You Get Life Insurance?

checkSignYes, If:

  • You have outstanding debts.
  • You have dependents.
  • You plan on leaving an inheritance to your loved ones.
  • You want to prepare for final expenses, such as funeral and other related costs.
  • You want to provide for expected education expenses for secondary school and college.
  • You are looking for protection for business interests that may outlive you.
  • You want access to cash value that may help you in the event of large unexpected expenses.
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denySignNo, If:

  • You have enough money saved to cover final expenses.
  • You do not have dependents.
  • You do not have large debts.
  • You do not own property.
  • You do not have a business that will be liquidated after you die.

Depending on your circumstances and fiscal position, you may not need to purchase life policy. For example, if your income is enough to cover all your bills and expenses, then you may not need it. however, if you have dependents or struggle to pay debts, it is good to consider life insurance.

How to Get Cheaper Life Insurance

The rates from the companies mentioned above are some of the most low-cost biography policy premiums available. however, there are ways to potentially lower animation policy costs evening more. 1

Take some time to decide.

Don ’ t rush your decision. Consider your fiscal circumstances and needs, so you only buy the coverage you need. 2

Get professional help.

The best way to find cost-efficient life indemnity is to ask a fiscal adviser. A professional can discuss all the details and features with you to help you better understand your options. 3

Shop around.

Companies frequently charge differently for exchangeable policies. They may besides offer different features and inclusions. Compare prices and coverage options to find the best cheap life insurance for your needs. 4

Don’t get unnecessary coverage.

Read the fine print. Check the riders offered or included in your policy. Consider which coverage you can do without. 5

Get life insurance while you are young.

The cost of life sentence indemnity increases as you old age. so, it is better to purchase a policy while you are young and healthy. 6

Consider laddering your coverage.

Buying the right measure of coverage is substantive. however, your needs may change as you age. You can opt to get a serial of terminus liveliness insurance enough to cover specific periods and a minor whole life policy to pay for final expenses. Finding cheap life indemnity may be challenging, but it is manageable if you take a few excess steps, like shopping around and seeking master avail. Be certain to review your policy to check for unnecessary add-ons that may increase the price of your coverage. Shopping for life insurance requires research and a proper understanding of the assorted options available. Your circumstances and needs will determine how much your policy will cost. You may besides choose between life coverage and one that is limited to a specific period.

Life Insurance FAQs

Understanding animation indemnity can be challenging, specially if you are a first-time buyer. MoneyGeek answers some frequently asked questions to give you more penetration into the subject .

The cheapest life policy company will vary depending on your historic period and coverage options. In general, Transamerica offers the most low-cost rates across versatile age groups .

The cheapest type of life indemnity is term life policy. It is the most aboveboard and low-cost form of coverage. however, it is lone in force for a certain period. If you want guaranteed death benefit coverage for a life, whole liveliness indemnity is a better choice .

Shopping around and comparing prices is the best means to find the best rates. different companies tend to have unlike premium rates and policy features .

When deciding whether or not to get life policy, it is important to look at your fiscal circumstances and needs. For example, if you have dependents and significant debts, you should consider getting life indemnity. If you can pay your bills without trouble and do not have debts, you may not need it.

Expert Advice: Finding Affordable Life Insurance

  1. What factors affect the monetary value of life policy ? What does it mean to have cheap life policy ?
  2. What is the best scheme to find brassy rates on a life indemnity policy ?
  3. What types of life policy policies are the cheapest ? Why ?

Joseph Farizo Joseph Farizo Assistant Professor of Finance at the Robins School of Business at the University of RichmondHeidi Petschauer, CIC Heidi Petschauer, CIC President, Petschauer InsuranceJonathan Handy Jonathan Handy Assistant Professor of Finance at Western Kentucky UniversityGreg Kuhlemeyer Greg Kuhlemeyer Professor of Business Finance at Carroll UniversityDr. Nan Zhu Dr. Nan Zhu Associate Professor of Risk Management at the Smeal College of Business, Pennsylvania State UniversityRobert Hartwig Robert Hartwig clinical Associate Professor, Finance Department and Director, Center for Risk and Uncertainty Management ; Darla Moore School of Business ; University of South CarolinaDr. Stephen Willand Dr. Stephen Willand Adjunct Professor at the School of Business, Quinsigamond Community CollegeAli Nejadmalayeri, Ph.D., CFA® Ali Nejadmalayeri, Ph.D., CFA® John A. Guthrie Endowed Chair of Banking and Financial Services and Associate Professor of Finance at the University of WyomingHelen Stephens, CFP(R), EA, CEPA Helen Stephens, CFP ( R ), EA, CEPA President at Aspen Wealth ManagementBrandon Hartsel Brandon Hartsel President at Fiduciary Insurance GroupGary Gross Gary Gross founder at focused FinancialDanielle Seurkamp, MS, MPAS®, FBS®, CFP® Danielle Seurkamp, MS, MPAS®, FBS®, CFP® founder at Well Spent Wealth PlanningBrett Coffman Brett Coffman Managing Director | NAPFA-Registered Financial Advisor at Resilience Wealth AdvisorsDaniel Tobias Daniel Tobias chief executive officer and CERTIFIED FINANCIAL PLANNER™ Professional at Passport Wealth ManagementKevin Meyer Kevin Meyer fiscal Advisor at John Bailey FinancialMatt Hylland Matt Hylland fiscal Planner at Arnold & Mote Wealth Management

Methodology

To obtain cost data for term life indemnity policies, MoneyGeek collected quotes from 13 companies across all 50 states for ages 30–70. We utilized the lapp term life indemnity cost data to determine which companies had the cheapest hale life indemnity policies. About the author

expert-profileexpert-profile Mark Fitzpatrick is a aged content director with MoneyGeek specializing in insurance. Mark has years of experience analyzing the indemnity market and creating original research and subject. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a master of Arts .

sources
  • U.S. Bureau of Labor Statistics. “May 2020 National Occupational Employment and Wage Estimates.” Accessed January 12, 2022 .
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