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​$1 Million Life Insurance Cost by Age in 2026
A $1 million, 20-year term life insurance policy can cost as little as $28.72 per month for a 30-year-old man or $22.76 for a woman of the same age. At age 40, the lowest illustrated monthly premiums are $46.38 for men and $39.91 for women; at age 50, $127.59 and $95.39; and at age 60, $378.71 and $262.62.
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These examples reflect the lowest available premiums identified through LifeStein.com’s market comparison for applicants who qualify for Preferred Plus Non-Tobacco pricing, with rates reviewed in August 2026. Your actual premium depends on your age, health, nicotine use, term length, state, and underwriting.
See real monthly life insurance pricing from top-rated carriers including Corebridge, Banner, Protective, Symetra, Pacific Life, Prudential, Lincoln Financial, Cincinnati Life, Principal, and Foresters. Preferred Plus non-tobacco rates shown.
2026 Pricing Data
$1 Million Term Life Insurance Rates — Male & Female
​Monthly premiums for male and female applicants who qualify for Preferred Plus Non-Tobacco underwriting. Compare rates for ages 25–65 across 10-year, 15-year, 20-year, 25-year, and 30-year terms.
How Much Does $1 Million Life Insurance Cost by Age for Men?
The chart above shows the lowest available monthly premiums identified by LifeStein.com for a $1,000,000 term life insurance policy for males ages 25–65 in the Preferred Plus Non-Tobacco health class. These figures represent the best prices found for each age and term length when the rates were generated—not average prices across insurers. For example, a qualifying 25-year-old male may pay approximately $28.72 per month for a 20-year $1 million policy, while the lowest illustrated premium for a 40-year-old is $46.38 per month. At age 50, the lowest illustrated 20-year premium is approximately $127.59 monthly, rising to $378.71 at age 60.
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Longer term lengths show substantial pricing differences as applicants age. The lowest illustrated premium for a 30-year term at age 25 is approximately $45.78 monthly, compared with $236.94 at age 50 and more than $550 at age 56. Shorter-term policies have lower monthly premiums: the lowest illustrated price for a 10-year $1 million policy is $17.66 monthly at age 25, $68.64 at age 50, and $205.58 at age 60.
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These comparisons show how applying at a younger age can help you secure a lower monthly premium when you need coverage. Rates reflect Preferred Plus Non-Tobacco pricing and the lowest available premiums identified through LifeStein.com’s market comparison at the time the quotes were generated. The lowest-priced company can differ by age, term length, state, and applicant profile. Final eligibility and premiums depend on underwriting.
Why Male Life Insurance Rates Increase Significantly After 50
The pricing you see in this table reflects one of the most important truths in life insurance: the earlier you lock in your rate, the more you save. A 35-year-old male can secure a 30-year $1M policy for around $62/month — protecting his family well into his 60s. That same policy purchased at age 50 costs nearly $237/month — a 280% increase.
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Rates rise with age because insurance carriers are statistically taking on more risk. Actuarial tables show that mortality rates increase sharply after age 50, especially for men. Additionally, health class matters enormously. These rates assume preferred plus non-tobacco underwriting. A standard plus or standard rating can add 25–60% to your premium. This is why working with an independent broker like LifeStein — who can shop your profile anonymously across 50+ carriers — is so critical. One carrier may rate you preferred while another assigns standard.
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LifeStein's founder Matt Mims has direct access to underwriters at dozens of carriers, allowing him to pre-shop your health profile before any formal application is submitted — protecting your MIB record and ensuring you get the best possible offer.
How Much Does $1 Million Life Insurance Cost by Age for Women?
The chart above shows the lowest available monthly premiums identified by LifeStein.com for a $1,000,000 term life insurance policy for females ages 25–65 in the Preferred Plus Non-Tobacco health class. These figures represent the best prices found for each age and term length when the rates were generated—not average prices across insurers. For a 20-year $1 million policy, the lowest illustrated monthly premium is approximately $21.60 at age 25, $27.13 at age 35, and $64.76 at age 45. At age 55, the lowest illustrated 20-year premium is approximately $157.00 monthly, rising to $491.33 at age 65.
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The chart also highlights how age and term length affect pricing. The lowest illustrated premium for a 30-year $1 million term policy is approximately $34.29 monthly at age 25, compared with $178.01 at age 50 and more than $389 at age 56. Shorter-term coverage has lower monthly premiums, with the lowest illustrated 10-year term rates at approximately $14.88 monthly at age 25 and $56.25 at age 50.
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These comparisons show how applying at a younger age can help you secure a lower monthly premium when you need coverage. Rates reflect Preferred Plus Non-Tobacco pricing and the lowest available premiums identified through LifeStein.com’s market comparison at the time the quotes were generated. The lowest-priced company can differ by age, term length, state, and applicant profile. Final eligibility and premiums depend on underwriting.
Why Women Pay Less for Life Insurance Than Men
The female rate advantage is rooted in actuarial science: women in the U.S. live an average of 5–6 years longer than men. For a $1M 20-year policy at age 40, women pay approximately $40/month versus $46/month for men — a meaningful difference that compounds over decades of premium payments.
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Beyond base gender pricing, term length has a significant effect on women's premiums too. The jump from a 20-year to 30-year term at age 45 is about $46/month — from $65 to $111. This reflects the carrier's exposure over those final 10 years. For most women with young families, a 20 or 25-year term often provides the best combination of coverage and cost.
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Women also tend to qualify for better health classes more frequently, as many carriers have slightly more favorable underwriting guidelines for certain conditions in women — another reason to work with a broker who understands carrier-specific nuances.
How We Calculated These $1 Million Life Insurance Rates
The prices shown on this page represent the lowest available monthly premium identified for each illustrated age, gender, coverage amount, and term length at the time the rates were generated.
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LifeStein compared pricing across 188 life insurance companies to identify the cheapest available rate in the market for each example. LifeStein is directly able to offer policies from 55 life insurance companies.
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Each illustration assumes:
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$1 million of term life insurance coverage
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Preferred Plus Non-Tobacco underwriting
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Monthly premium payments
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Male or female pricing as identified
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The applicant’s current age
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A 10-year, 15-year, 20-year, 25-year, or 30-year term
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Availability of the selected term length at that age
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These prices are not an average of every insurance company. Each rate reflects the lowest available illustrated premium found for that specific age, gender, and term-length combination.
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The company offering the cheapest rate can change based on the applicant’s state, health history, height and weight, medications, family history, driving record, nicotine or tobacco use, occupation, hobbies, and other underwriting factors. The cheapest company for a healthy applicant may not be the cheapest—or the best approval option—for someone with a medical condition or lifestyle risk.
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Rates were reviewed in August 2026 and are provided for comparison and educational purposes. Final premiums are determined by the insurance company after underwriting and are not guaranteed until a policy is approved and issued.
Written and Reviewed by a Licensed Life Insurance Agent
This guide was written and reviewed by Matt Mims, founder of LifeStein.com and a licensed life insurance agent. Matt works directly with applicants and life insurance companies to compare pricing, underwriting guidelines, and carrier fit across a wide range of health and lifestyle profiles.
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Through LifeStein, Matt can compare pricing from 188 life insurance companies and directly offer policies from 55 insurers. He regularly helps applicants evaluate term length, coverage amount, nicotine use, medical history, medications, build, family history, and other underwriting factors that can affect approval and pricing.
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Author: Matt Mims
Title: Founder, LifeStein.com
Experience: Licensed life insurance professional
Market access: 188 companies compared; 55 companies available through LifeStein
Last reviewed: August 6, 2026
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$1 Million Life Insurance Rates for Men Ages 25–29
How Much Does $1 Million Life Insurance Cost for a 25-Year-Old Man?
A 25-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $20.98 for a 15-year term, $28.72 for a 20-year term, $36.76 for a 25-year term, and $45.78 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 26-Year-Old Man?
A 26-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $21.10 for a 15-year term, $28.72 for a 20-year term, $37.63 for a 25-year term, and $46.48 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 27-Year-Old Man?
A 27-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $21.23 for a 15-year term, $28.72 for a 20-year term, $37.63 for a 25-year term, and $47.28 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 28-Year-Old Man?
A 28-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $21.45 for a 15-year term, $28.72 for a 20-year term, $38.51 for a 25-year term, and $48.23 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 29-Year-Old Man?
A 29-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $21.62 for a 15-year term, $28.72 for a 20-year term, $38.51 for a 25-year term, and $49.42 for a 30-year term.
$1 Million Life Insurance Rates for Men Ages 30–39
How Much Does $1 Million Life Insurance Cost for a 30-Year-Old Man?
A 30-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.66 for a 10-year term, $21.78 for a 15-year term, $28.72 for a 20-year term, $40.26 for a 25-year term, and $50.55 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 31-Year-Old Man?
A 31-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $17.67 for a 10-year term, $22.25 for a 15-year term, $29.38 for a 20-year term, $41.13 for a 25-year term, and $52.28 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 32-Year-Old Man?
A 32-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $18.51 for a 10-year term, $22.71 for a 15-year term, $30.06 for a 20-year term, $42.88 for a 25-year term, and $54.47 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 33-Year-Old Man?
A 33-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $18.54 for a 10-year term, $23.24 for a 15-year term, $30.73 for a 20-year term, $43.76 for a 25-year term, and $56.61 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 34-Year-Old Man?
A 34-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $19.35 for a 10-year term, $23.63 for a 15-year term, $31.40 for a 20-year term, $44.63 for a 25-year term, and $59.21 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 35-Year-Old Man?
A 35-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $19.37 for a 10-year term, $24.35 for a 15-year term, $32.10 for a 20-year term, $46.38 for a 25-year term, and $62.01 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 36-Year-Old Man?
A 36-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $20.49 for a 10-year term, $25.66 for a 15-year term, $34.65 for a 20-year term, $49.01 for a 25-year term, and $66.41 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 37-Year-Old Man?
A 37-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $21.85 for a 10-year term, $27.40 for a 15-year term, $37.76 for a 20-year term, $53.38 for a 25-year term, and $71.42 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 38-Year-Old Man?
A 38-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $23.20 for a 10-year term, $29.15 for a 15-year term, $41.00 for a 20-year term, $57.76 for a 25-year term, and $77.34 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 39-Year-Old Man?
A 39-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $24.48 for a 10-year term, $30.89 for a 15-year term, $44.18 for a 20-year term, $62.13 for a 25-year term, and $83.55 for a 30-year term.
$1 Million Life Insurance Rates for Men Ages 40–49
How Much Does $1 Million Life Insurance Cost for a 40-Year-Old Man?
A 40-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $26.14 for a 10-year term, $33.08 for a 15-year term, $46.38 for a 20-year term, $69.13 for a 25-year term, and $90.88 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 41-Year-Old Man?
A 41-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $28.82 for a 10-year term, $37.60 for a 15-year term, $49.88 for a 20-year term, $75.26 for a 25-year term, and $98.36 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 42-Year-Old Man?
A 42-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $32.22 for a 10-year term, $43.46 for a 15-year term, $57.76 for a 20-year term, $83.13 for a 25-year term, and $107.42 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 43-Year-Old Man?
A 43-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $35.62 for a 10-year term, $49.01 for a 15-year term, $64.76 for a 20-year term, $91.01 for a 25-year term, and $118.64 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 44-Year-Old Man?
A 44-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $39.02 for a 10-year term, $53.38 for a 15-year term, $74.60 for a 20-year term, $98.01 for a 25-year term, and $130.37 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 45-Year-Old Man?
A 45-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $43.29 for a 10-year term, $61.26 for a 15-year term, $83.65 for a 20-year term, $111.13 for a 25-year term, and $144.26 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 46-Year-Old Man?
A 46-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $47.10 for a 10-year term, $66.51 for a 15-year term, $89.38 for a 20-year term, $121.63 for a 25-year term, and $157.35 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 47-Year-Old Man?
A 47-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $52.17 for a 10-year term, $72.63 for a 15-year term, $97.87 for a 20-year term, $133.88 for a 25-year term, and $173.23 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 48-Year-Old Man?
A 48-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $57.25 for a 10-year term, $79.80 for a 15-year term, $107.13 for a 20-year term, $150.51 for a 25-year term, and $192.89 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 49-Year-Old Man?
A 49-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $62.32 for a 10-year term, $89.10 for a 15-year term, $116.83 for a 20-year term, $165.38 for a 25-year term, and $213.45 for a 30-year term.
$1 Million Life Insurance Rates for Men Ages 50–59
How Much Does $1 Million Life Insurance Cost for a 50-Year-Old Man?
A 50-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $68.64 for a 10-year term, $98.88 for a 15-year term, $127.59 for a 20-year term, $182.88 for a 25-year term, and $236.94 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 51-Year-Old Man?
A 51-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $76.50 for a 10-year term, $107.76 for a 15-year term, $140.35 for a 20-year term, $203.01 for a 25-year term, and $261.44 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 52-Year-Old Man?
A 52-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $86.78 for a 10-year term, $118.07 for a 15-year term, $155.02 for a 20-year term, $231.88 for a 25-year term, and $304.81 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 53-Year-Old Man?
A 53-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $96.74 for a 10-year term, $127.76 for a 15-year term, $173.12 for a 20-year term, $255.51 for a 25-year term, and $341.00 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 54-Year-Old Man?
A 54-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $107.76 for a 10-year term, $144.38 for a 15-year term, $192.09 for a 20-year term, $277.38 for a 25-year term, and $389.65 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 55-Year-Old Man?
A 55-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $120.50 for a 10-year term, $159.81 for a 15-year term, $214.51 for a 20-year term, $328.13 for a 25-year term, and $446.48 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 56-Year-Old Man?
A 56-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $136.13 for a 10-year term, $177.91 for a 15-year term, $238.59 for a 20-year term, $404.21 for a 25-year term, and $554.20 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 57-Year-Old Man?
A 57-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $149.95 for a 10-year term, $197.61 for a 15-year term, $266.29 for a 20-year term, $457.66 for a 25-year term, and $622.20 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 58-Year-Old Man?
A 58-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $167.81 for a 10-year term, $220.59 for a 15-year term, $300.56 for a 20-year term, $523.69 for a 25-year term, and $702.95 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 59-Year-Old Man?
A 59-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $185.80 for a 10-year term, $247.28 for a 15-year term, $336.40 for a 20-year term, and $592.87 for a 25-year term. A 30-year term was not available in this pricing comparison.
$1 Million Life Insurance Rates for Men Ages 60–65
How Much Does $1 Million Life Insurance Cost for a 60-Year-Old Man?
A 60-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $205.58 for a 10-year term, $275.66 for a 15-year term, $378.71 for a 20-year term, and $674.63 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 61-Year-Old Man?
A 61-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $232.42 for a 10-year term, $304.12 for a 15-year term, $431.98 for a 20-year term, and $826.40 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 62-Year-Old Man?
A 62-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $258.26 for a 10-year term, $340.79 for a 15-year term, $500.99 for a 20-year term, and $937.10 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 63-Year-Old Man?
A 63-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $286.74 for a 10-year term, $379.52 for a 15-year term, $560.05 for a 20-year term, and $1,047.79 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 64-Year-Old Man?
A 64-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $319.16 for a 10-year term, $422.25 for a 15-year term, $637.38 for a 20-year term, and $1,168.75 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 65-Year-Old Man?
A 65-year-old male can qualify for $1 million in term life insurance with starting monthly premiums of $357.79 for a 10-year term, $473.65 for a 15-year term, $729.94 for a 20-year term, and $1,275.85 for a 25-year term. A 30-year term was not available in this pricing comparison.
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LifeStein.com Pricing Methodology: Rates reflect the lowest illustrated premiums identified through CompuLife, not market averages, based on the highest available health classification. Prices vary by age, term length, health, nicotine use, state, and carrier underwriting guidelines. Rates are not guaranteed and may change.
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Data Source: CompuLife life insurance quotation software.
Female Rates
$1 Million Life Insurance Rates for Women Ages 25–29
How Much Does $1 Million Life Insurance Cost for a 25-Year-Old Woman?
A 25-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.37 for a 15-year term, $21.60 for a 20-year term, $27.63 for a 25-year term, and $34.29 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 26-Year-Old Woman?
A 26-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.41 for a 15-year term, $21.72 for a 20-year term, $28.47 for a 25-year term, and $35.14 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 27-Year-Old Woman?
A 27-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.42 for a 15-year term, $22.12 for a 20-year term, $28.88 for a 25-year term, and $35.98 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 28-Year-Old Woman?
A 28-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.42 for a 15-year term, $22.36 for a 20-year term, $29.76 for a 25-year term, and $37.10 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 29-Year-Old Woman?
A 29-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.43 for a 15-year term, $22.60 for a 20-year term, $29.76 for a 25-year term, and $38.04 for a 30-year term.
$1 Million Life Insurance Rates for Women Ages 30–39
How Much Does $1 Million Life Insurance Cost for a 30-Year-Old Woman?
A 30-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $14.88 for a 10-year term, $17.64 for a 15-year term, $22.76 for a 20-year term, $31.51 for a 25-year term, and $39.10 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 31-Year-Old Woman?
A 31-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $15.13 for a 10-year term, $18.00 for a 15-year term, $23.68 for a 20-year term, $32.38 for a 25-year term, and $40.66 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 32-Year-Old Woman?
A 32-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $15.13 for a 10-year term, $18.39 for a 15-year term, $24.69 for a 20-year term, $34.13 for a 25-year term, and $42.53 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 33-Year-Old Woman?
A 33-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $15.68 for a 10-year term, $18.83 for a 15-year term, $25.70 for a 20-year term, $35.01 for a 25-year term, and $44.51 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 34-Year-Old Woman?
A 34-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $15.85 for a 10-year term, $19.32 for a 15-year term, $26.71 for a 20-year term, $36.76 for a 25-year term, and $47.14 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 35-Year-Old Woman?
A 35-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $16.03 for a 10-year term, $20.06 for a 15-year term, $27.13 for a 20-year term, $38.51 for a 25-year term, and $49.88 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 36-Year-Old Woman?
A 36-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $17.23 for a 10-year term, $21.74 for a 15-year term, $29.76 for a 20-year term, $41.13 for a 25-year term, and $53.13 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 37-Year-Old Woman?
A 37-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $18.75 for a 10-year term, $23.96 for a 15-year term, $32.13 for a 20-year term, $44.63 for a 25-year term, and $56.83 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 38-Year-Old Woman?
A 38-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $20.20 for a 10-year term, $26.31 for a 15-year term, $34.55 for a 20-year term, $47.26 for a 25-year term, and $61.26 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 39-Year-Old Woman?
A 39-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $21.69 for a 10-year term, $28.53 for a 15-year term, $36.93 for a 20-year term, $50.76 for a 25-year term, and $66.04 for a 30-year term.
$1 Million Life Insurance Rates for Women Ages 40–49
How Much Does $1 Million Life Insurance Cost for a 40-Year-Old Woman?
A 40-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $23.59 for a 10-year term, $31.36 for a 15-year term, $39.91 for a 20-year term, $55.13 for a 25-year term, and $70.88 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 41-Year-Old Woman?
A 41-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $25.70 for a 10-year term, $33.84 for a 15-year term, $43.74 for a 20-year term, $59.51 for a 25-year term, and $77.01 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 42-Year-Old Woman?
A 42-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $28.31 for a 10-year term, $37.16 for a 15-year term, $48.83 for a 20-year term, $65.63 for a 25-year term, and $84.01 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 43-Year-Old Woman?
A 43-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $30.94 for a 10-year term, $40.47 for a 15-year term, $53.38 for a 20-year term, $71.76 for a 25-year term, and $92.62 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 44-Year-Old Woman?
A 44-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $33.60 for a 10-year term, $43.79 for a 15-year term, $59.01 for a 20-year term, $78.76 for a 25-year term, and $101.29 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 45-Year-Old Woman?
A 45-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $36.91 for a 10-year term, $47.96 for a 15-year term, $64.76 for a 20-year term, $88.38 for a 25-year term, and $111.13 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 46-Year-Old Woman?
A 46-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $39.86 for a 10-year term, $51.68 for a 15-year term, $69.22 for a 20-year term, $94.51 for a 25-year term, and $121.01 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 47-Year-Old Woman?
A 47-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $43.40 for a 10-year term, $56.63 for a 15-year term, $75.89 for a 20-year term, $105.01 for a 25-year term, and $132.06 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 48-Year-Old Woman?
A 48-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $47.00 for a 10-year term, $61.59 for a 15-year term, $81.89 for a 20-year term, $114.63 for a 25-year term, and $146.62 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 49-Year-Old Woman?
A 49-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $51.34 for a 10-year term, $66.54 for a 15-year term, $87.88 for a 20-year term, $123.38 for a 25-year term, and $156.46 for a 30-year term.
$1 Million Life Insurance Rates for Women Ages 50–59
How Much Does $1 Million Life Insurance Cost for a 50-Year-Old Woman?
A 50-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $56.25 for a 10-year term, $72.64 for a 15-year term, $95.39 for a 20-year term, $137.38 for a 25-year term, and $178.01 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 51-Year-Old Woman?
A 51-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $61.14 for a 10-year term, $78.18 for a 15-year term, $104.63 for a 20-year term, $155.76 for a 25-year term, and $196.76 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 52-Year-Old Woman?
A 52-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $66.78 for a 10-year term, $85.18 for a 15-year term, $116.96 for a 20-year term, $174.13 for a 25-year term, and $221.44 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 53-Year-Old Woman?
A 53-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $72.99 for a 10-year term, $92.63 for a 15-year term, $129.27 for a 20-year term, $188.13 for a 25-year term, and $246.12 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 54-Year-Old Woman?
A 54-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $80.58 for a 10-year term, $99.85 for a 15-year term, $141.59 for a 20-year term, $204.76 for a 25-year term, and $270.79 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 55-Year-Old Woman?
A 55-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $89.53 for a 10-year term, $108.89 for a 15-year term, $157.00 for a 20-year term, $235.38 for a 25-year term, and $301.70 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 56-Year-Old Woman?
A 56-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $95.90 for a 10-year term, $119.36 for a 15-year term, $174.69 for a 20-year term, $293.89 for a 25-year term, and $389.30 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 57-Year-Old Woman?
A 57-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $106.31 for a 10-year term, $130.53 for a 15-year term, $193.97 for a 20-year term, $339.12 for a 25-year term, and $441.15 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 58-Year-Old Woman?
A 58-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $115.60 for a 10-year term, $142.31 for a 15-year term, $214.72 for a 20-year term, $394.02 for a 25-year term, and $493.00 for a 30-year term.
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How Much Does $1 Million Life Insurance Cost for a 59-Year-Old Woman?
A 59-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $125.20 for a 10-year term, $159.21 for a 15-year term, $240.99 for a 20-year term, and $445.10 for a 25-year term. A 30-year term was not available in this pricing comparison.
$1 Million Life Insurance Rates for Women Ages 60–65
How Much Does $1 Million Life Insurance Cost for a 60-Year-Old Woman?
A 60-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $135.21 for a 10-year term, $177.80 for a 15-year term, $262.62 for a 20-year term, and $503.14 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 61-Year-Old Woman?
A 61-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $150.01 for a 10-year term, $197.29 for a 15-year term, $303.93 for a 20-year term, and $638.81 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 62-Year-Old Woman?
A 62-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $165.16 for a 10-year term, $220.42 for a 15-year term, $340.97 for a 20-year term, and $744.44 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 63-Year-Old Woman?
A 63-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $183.87 for a 10-year term, $246.12 for a 15-year term, $388.95 for a 20-year term, and $850.06 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 64-Year-Old Woman?
A 64-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $199.83 for a 10-year term, $271.80 for a 15-year term, $437.53 for a 20-year term, and $961.35 for a 25-year term. A 30-year term was not available in this pricing comparison.
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How Much Does $1 Million Life Insurance Cost for a 65-Year-Old Woman?
A 65-year-old female can qualify for $1 million in term life insurance with starting monthly premiums of $222.65 for a 10-year term, $310.34 for a 15-year term, $491.33 for a 20-year term, and $1,066.75 for a 25-year term. A 30-year term was not available in this pricing comparison.
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LifeStein.com Pricing Methodology: Rates reflect the lowest illustrated premiums identified through CompuLife, not market averages, based on the highest available health classification. Prices vary by age, term length, health, nicotine use, state, and carrier underwriting guidelines. Rates are not guaranteed and may change.
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Data Source: CompuLife life insurance quotation software.
The Science Behind Pricing
How Life Insurance Rates Are Calculated
​Underwriters evaluate dozens of factors. These four have the biggest impact on your premium.
​Age at Application
01
The single biggest driver of premium cost. Rates lock in at the age you apply — every year you wait increases your risk pool for the carrier.
​Gender
05
Women pay 15–30% less than men at most ages due to longer life expectancy. This difference is baked into all carrier pricing models.
Health Classification
02
​Preferred Plus → Preferred → Standard Plus → Standard → Substandard. Each tier carries a different base rate. Preferred Plus can save 30–45% vs. Standard.
Term Length
03
​Longer terms carry higher monthly premiums because carriers face greater exposure. A 30-year term at age 45 is typically 72% more expensive than a 10-year term.
Carrier Selection
04
Rates for the same applicant can vary 20–40% between carriers. Different companies have different underwriting niches — a broker who knows these is worth their weight in gold.
Lifestyle Factors
06
Nicotine use, cannabis, hazardous occupations, and hobbies (aviation, diving) are evaluated. Many carriers have evolved on nicotine pouches, cigars, and vaping.
Carrier Intelligence
Cheapest Life Insurance Companies in 2026
​Not every carrier is right for every applicant. Here's what each carrier excels at — and where they're most competitive.
Corebridge Financial
Best Overall Value
A (Excellent)
✓Consistently among the top 2–3 lowest rates across most ages and term lengths
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✓Excellent for ages 30–55 in both 10 and 20-year terms
✓Strong preferred plus and preferred underwriting criteria
✓Competitive for most standard health profiles
Ages 30–55
10 & 20yr
Healthy Applicants
Symetra Life
Best for Younger Buyers
A (Excellent)
✓Extremely competitive for healthy applicants — often the single lowest rate
✓Outstanding 20 and 30-year pricing, especially for younger buyers
✓Strong for ages 25–45 across all term lengths
✓Qualifying applicants may receive fast approval without a medical exam.
Ages 50–65
​10 & 15yr
Senior Buyers
Banner Life
A+ (Superior)
Most Competitive Pricing
✓Extremely competitive for healthy applicants — often the single lowest rate
✓Outstanding 20 and 30-year pricing, especially for younger buyers
✓Strong for ages 25–45 across all term lengths
✓Part of Legal & General Group — one of the world's largest insurers
Ages 25–45
20 & 30yr
Healthy Only
Pacific Life
​ Best for High Net Worth
A+ (Superior)
✓Excellent for large face amounts ($2M–$10M+)
✓Competitive across 20 and 25-year terms for ages 40–60
✓Strong financial strength — consistently A+ rated for decades
✓Good for business owners and estate planning scenarios
$2M+ Coverage
​Business Owners
Estate Planning
Protective Life
A+ (Superior)
Best Long-Term Value
✓Excellent 30-year term pricing — often neck-and-neck with Banner
✓Strong rates for ages 35–55 with favorable underwriting
✓Good for standard plus applicants with minor health history
✓Consistent pricing stability — rates rarely increase year-over-year
Ages 35–55
30yr Specialist
Standard Plus
Prudential
​Best for Cigar Smokers
A+ (Superior)
✓One of the very few carriers offering non-smoker rates to occasional cigar smokers
✓Strong underwriting flexibility — great for complex medical histories
✓Excellent for large face amounts and business applications
✓One of America's most financially stable insurers
Cigar Smokers
Complex Cases
​High Net Worth
Lincoln Financial
Best Underwriting Flexibility
A+ (Superior)
Known for nuanced underwriting of complex health histories
✓Strong for ages 40–60 across 15–25 year terms
✓Good for applicants with well-controlled chronic conditions
✓Excellent living benefits and rider options
Cincinnati Life
​Best for Nicotine Pouch & Dip Users
A+ (Superior)
✓One of the most competitive carriers for nicotine pouch and chewing tobacco users
✓Favorable underwriting for Zyn, On!, Rogue, and similar products
✓Competitive pricing in 25-year term — rare among carriers in this niche
✓Conservative, highly-rated regional carrier with outstanding claims history
Principal Life
Best for Business Applications
A+ (Superior)
✓Excellent for key man insurance and buy-sell agreements
✓Strong underwriting for business owners with unique income documentation
✓Competitive across 10 and 20-year terms for professional buyers
✓Known for fast, streamlined underwriting process
Foresters Financial
A (Excellent)
Most Inclusive Underwriting
✓One of the most lenient underwriters for moderate health conditions
✓Good option for applicants who've been declined elsewhere
✓No-exam options available for qualified applicants
✓Fraternal benefit society — member benefits included with coverage
FAQ Section
How much does a $1 million life insurance policy cost per month?
A $1 million term life insurance policy can cost as little as about $28 per month for a healthy 30-year-old male and about $23 per month for a healthy 30-year-old female on a 20-year term. The price changes based on age, gender, health class, term length, nicotine use, and the company selected.
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What health class are these life insurance rates based on?
These rates are based on Preferred Plus Non-Tobacco pricing. That means the applicant is generally healthy, does not smoke cigarettes, has a good build, and does not have major health issues. Your actual rate may be higher or lower after underwriting.
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Why do life insurance rates increase with age?
Life insurance gets more expensive as you get older because the insurance company is taking on more risk. A 35-year-old has a much lower chance of dying during a 20-year term than a 55-year-old, so the younger person usually pays much less.
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Is a 10-year, 20-year, or 30-year term better?
A 10-year term is usually the cheapest. A 20-year term is often the best balance of cost and protection. A 30-year term costs more, but it can be a smart choice for younger buyers who want to lock in coverage through their mortgage years or while raising children.
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Why are women’s life insurance rates lower than men’s?
Women usually pay less for life insurance because they statistically live longer than men. Since the insurance company has a lower expected risk, the monthly premium is usually lower for women at the same age and health class.
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What is the cheapest age to buy life insurance?
The cheapest age to buy life insurance is usually as early as possible once you have a need for coverage. Rates are lowest in your 20s and 30s, but the right time to buy is when someone depends on your income, you have a mortgage, or you want to protect your family.
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How much does life insurance cost at age 40?
For a healthy 40-year-old male, a $1 million policy may cost around $46 per month for a 20-year term. For a healthy 40-year-old female, it may cost around $40 per month. Longer terms cost more, while shorter terms usually cost less.
How much does life insurance cost at age 50?
For a healthy 50-year-old male, a $1 million 20-year term may cost around $128 per month. For a healthy 50-year-old female, it may cost around $95 per month. Rates can be much higher if the applicant has health issues or uses tobacco.
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How much does life insurance cost at age 60?
For a healthy 60-year-old male, a $1 million 20-year term may cost around $379 per month. For a healthy 60-year-old female, it may cost around $263 per month. At this age, a 10-year or 15-year term may be more affordable.
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Which life insurance company is cheapest?
There is no single cheapest company for everyone. Corebridge, Banner, Protective, Symetra, Pacific Life, Foresters, Cincinnati Life, Principal, Prudential, and Lincoln can all be competitive depending on age, health, term length, state, and lifestyle factors.
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Why should I compare multiple life insurance companies?
Different companies price the same person differently. One company may view your health history, build, nicotine use, or family history more favorably than another. Comparing multiple carriers helps you avoid overpaying.
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Can nicotine pouch users get non-smoker life insurance rates?
Yes, some nicotine pouch users may qualify for non-smoker rates with the right company. This includes users of products like Zyn, Velo, On!, and Rogue. The key is applying with a carrier that understands nicotine pouches and does not automatically treat them like cigarettes.
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Can cigar smokers get non-smoker life insurance rates?
Yes, some occasional cigar smokers may qualify for non-smoker rates, depending on the company and frequency of use. Each carrier has different rules, so it is important to shop the case correctly before applying.
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Can THC or marijuana users qualify for life insurance?
Yes, many THC or marijuana users can qualify for life insurance. The rate depends on frequency of use, method of use, health history, driving record, and the carrier selected. Some companies are much more favorable than others.
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Are these rates guaranteed?
No. The rates shown are sample market rates based on age, gender, term length, and a Preferred Non-Tobacco health class. Your final rate depends on underwriting, including medical history, prescriptions, build, lifestyle, driving history, and carrier approval.
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Does using LifeStein cost extra?
No. There is no extra cost to use LifeStein. If you buy a policy, the insurance company pays the broker commission. Your premium is not increased because you used LifeStein to compare companies.
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Why use LifeStein instead of going directly to one company?
Going directly to one company only shows you that company’s price. LifeStein compares multiple top-rated life insurance companies to help find the best fit for your age, health, nicotine use, coverage amount, and term length.
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Can LifeStein help if I was declined before?
Yes. A prior decline does not always mean you cannot get coverage. LifeStein can review the reason for the decline and help identify companies that may view the case more favorably.
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What information do I need to get a personalized quote?
You usually need your age, gender, state, height, weight, coverage amount, term length, nicotine or tobacco use, health history, medications, and basic contact information. The more accurate the information, the more accurate the quote.
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What is the best term length for a $1 million life insurance policy?
For many families, a 20-year term is the best balance of affordability and protection. A 30-year term may be better for younger buyers with children or a long mortgage. A 10-year or 15-year term may be better for older buyers or business needs.