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How Much Does a $5 Million Term Life Insurance Policy Cost for a 39-Year-Old Male? (Full 2025 Market Data)
- mattmims
- 3 days ago
- 7 min read
If you're a 39-year-old male shopping for a $5,000,000 term life insurance policy, the rates vary widely depending on the carrier and the term length you choose. Below are the full-market, no-repeat charts for 10-year, 20-year, and 30-year term life insurance—showing only the cheapest product from each company. This gives you a true apples-to-apples comparison across every major life insurance carrier in the U.S.
These charts are pulled directly from real 2025 carrier data, so you can see exactly what the top insurers are charging before you apply. After the charts, you’ll find explanations, takeaways, and more guidance to help you choose the right coverage.
10-Year Term Life Insurance Rates for a 39-Year-Old Male – Full $5 Million Market Comparison
Carrier | Product | AM Best | Health Class | Monthly |
Symetra | SwiftTerm Instant Issue | A | Super Preferred Non-Nicotine | $97.44 |
Principal National | Term – Non-Convertible | A+ | Super Preferred Non-Tobacco | $98.86 |
Corebridge | Select-a-Term (SimpliNow Choice) | A | Preferred Plus Non-Tobacco | $100.77 |
Pacific Life | Promise Term | A+ | Super Preferred Non-Tobacco | $101.91 |
Nationwide | Guaranteed Level Term | A+ | Preferred Plus Non-Tobacco | $111.56 |
Protective | Classic Choice Term | A+ | Select Preferred | $113.89 |
Prudential | Essential Term Value | A+ | Preferred Best | $125.57 |
Minnesota Life | Advantage Elite Select | A+ | Preferred Select Non-Tobacco | $128.76 |
Lincoln | LifeElements Level Term | A | Preferred Plus Non-Tobacco | $128.01 |
North American | ADDvantage Term Gen 9 | A+ | Super Preferred | $137.72 |
MassMutual | MassMutual Term | A++ | Ultra-Preferred Non-Tobacco | $141.38 |
United of Omaha | Term Life Answers | A+ | Preferred Plus Non-Tobacco | $142.98 |
Banner Life | OPTerm | A+ | Preferred Plus Non-Tobacco | $146.05 |
Foresters | Your Term (Medical) | A | Preferred Best Non-Tobacco | $154.88 |
National Life Group | LSW 10-G | A+ | Elite Non-Tobacco | $156.20 |
Cincinnati Life | Termsetter | A+ | Preferred Plus | $157.59 |
Assurity | Term Life | A– | Preferred Plus Non-Tobacco | $223.59 |
John Hancock | Vitality Term | A+ | Super Preferred Non-Smoker | $230.34 |
This chart shows the full market pricing for a $5,000,000 10-year term life insurance policy for a 39-year-old male, listing the cheapest product from each life insurance company. It ranks every major carrier by monthly premium so you can quickly see which insurers offer the lowest short-term rates.
20-Year Term Life Insurance Rates for a 39-Year-Old Male – Full $5 Million Market Comparison
Carrier | Product | AM Best | Health Class | Monthly |
Symetra | SwiftTerm Instant Issue | A | Super Preferred Non-Nicotine | $195.19 |
Principal National | Term – Non-Convertible | A+ | Super Preferred Non-Tobacco | $201.24 |
Protective | Classic Choice Term | A+ | Select Preferred | $199.36 |
Pacific Life | Promise Term | A+ | Super Preferred Non-Tobacco | $201.57 |
Corebridge | Select-a-Term (SimpliNow Choice) | A | Preferred Plus Non-Tobacco | $200.90 |
Nationwide | GLT | A+ | Preferred Plus Non-Tobacco | $234.06 |
Banner Life | OPTerm | A+ | Preferred Plus Non-Tobacco | $210.23 |
Lincoln | LifeElements Level Term | A | Preferred Plus Non-Tobacco | $238.47 |
Cincinnati Life | Termsetter | A+ | Preferred Plus | $246.32 |
Minnesota Life | Advantage Elite Select | A+ | Preferred Select | $259.16 |
North American | ADDvantage Term Gen 9 | A+ | Super Preferred | $260.92 |
MassMutual | MassMutual Term | A++ | Ultra-Preferred Non-Tobacco | $258.83 |
National Life Group | LSW 20-G | A+ | Elite Non-Tobacco | $261.80 |
Foresters | Your Term (Medical) | A | Preferred Best | $264.26 |
Prudential | Essential Term Value | A+ | Preferred Best | $265.57 |
United of Omaha | Term Life Answers | A+ | Preferred Plus Non-Tobacco | $276.28 |
John Hancock | Vitality Term | A+ | Super Preferred Non-Smoker | $310.34 |
Assurity | Term Life | A– | Preferred Plus Non-Tobacco | $362.79 |
This chart displays the complete market comparison for a $5,000,000 20-year term life insurance policy for a 39-year-old male. Each row shows the most affordable product from each carrier, giving a clear view of long-term pricing differences across the industry for extended coverage.
30-Year Term Life Insurance Rates for a 39-Year-Old Male – Full $5 Million Market Comparison
Carrier | Product | AM Best | Health Class | Monthly |
Symetra | SwiftTerm Instant Issue | A | Super Preferred Non-Nicotine | $390.61 |
Banner Life | OPTerm | A+ | Preferred Plus Non-Tobacco | $392.46 |
Protective | Classic Choice Term | A+ | Select Preferred | $398.05 |
Corebridge | Select-a-Term | A | Preferred Plus Non-Tobacco | $396.09 |
Pacific Life | Promise Term | A+ | Super Preferred Non-Tobacco | $399.38 |
Principal National | Term – Non-Convertible | A+ | Super Preferred Non-Tobacco | $442.90 |
Nationwide | GLT | A+ | Preferred Plus Non-Tobacco | $457.19 |
Prudential | Essential Term Value | A+ | Preferred Best | $458.07 |
Lincoln | LifeElements Term | A | Preferred Plus Non-Tobacco | $454.93 |
Cincinnati Life | Termsetter | A+ | Preferred Plus | $453.34 |
North American | ADDvantage Term Gen 9 | A+ | Super Preferred | $472.12 |
Minnesota Life | Advantage Elite Select | A+ | Preferred Select | $502.55 |
MassMutual | MassMutual Term | A++ | Ultra-Preferred Non-Tobacco | $519.83 |
United of Omaha | Term Life Answers | A+ | Preferred Plus Non-Tobacco | $504.18 |
Foresters | Your Term (Medical) | A | Preferred Best Non-Tobacco | $513.63 |
National Life Group | LSW 30-G | A+ | Elite Non-Tobacco | $512.60 |
Assurity | Term Life | A– | Preferred Plus Non-Tobacco | $558.54 |
John Hancock | Vitality Term | A+ | Super Preferred Non-Smok |
This chart highlights the lowest-priced option from every major life insurance company for a $5,000,000 30-year term policy for a 39-year-old male. It reflects true long-term protection costs and helps you compare carriers side by side for the most competitive lifetime-level term rates available.
What These $5 Million Term Life Insurance Charts Show
The three charts above give you the full-market view of what a healthy 39-year-old male can expect to pay for a $5,000,000 term life insurance policy in 2025. Because each chart shows only the cheapest product from each company, you’re seeing the true competitive landscape without duplicates or inflated pricing.
Key Takeaways From the Data
1. 10-year term is by far the cheapest option. Rates start under $100 per month, making short-term coverage extremely affordable for high-income earners or business owners needing temporary protection.
2. 20-year term is the best balance of cost and stability. Most carriers fall between $195 and $300 per month. This length is ideal for people who want coverage through kids’ college years, a mortgage, or major income-earning years.
3. 30-year term requires a much higher commitment from carriers. Because insurers lock in your rate until age 69, prices naturally rise into the $390–$600+ per month range. This is the preferred option for those wanting lifetime-level protection without buying permanent insurance.
4. Every major carrier shows up differently depending on the term length. Companies like Symetra, Corebridge, Protective, and Banner are consistently competitive. Others—like MassMutual, Prudential, John Hancock—tend to rise on longer terms due to underwriting, mortality assumptions, or conversion privileges.
FAQ Section: $5 Million Term Life Insurance for a 39-Year-Old Male
1. How much does a $5 million term life insurance policy cost for a 39-year-old male?
A healthy 39-year-old male can expect to pay between $97 and $606 per month depending on the term length. The cheapest carriers start under $100 for a 10-year term, around $195 for a 20-year term, and around $390 for a 30-year term.
2. What is the cheapest $5 million policy for a 39-year-old male in 2025?
The lowest rate comes from Symetra SwiftTerm at $97.44 per month for a 10-year term.
3. How much does Symetra charge for a $5 million term policy at age 39?
Symetra’s rates start at $97.44 per month for a 10-year term, $195.19 per month for a 20-year term, and $390.61 per month for a 30-year term.
4. Which company has the best 10-year $5 million rate for a 39-year-old male?
Symetra offers the best 10-year pricing at $97.44 per month.
5. Which company has the best 20-year $5 million rate for a 39-year-old?
Symetra again leads with $195.19 per month for a 20-year term.
6. Which company has the best 30-year $5 million rate for a 39-year-old male?
Symetra holds the top spot with a $390.61 per month rate for a 30-year term.
7. How much does Protective Life cost for a $5 million term at 39?
Protective charges $113.89 for a 10-year term, $199.36 for a 20-year term, and $398.05 for a 30-year term.
8. How much does Banner Life cost for $5 million at age 39?
Banner’s 10-year rate is $146.05, the 20-year rate is $210.23, and the 30-year rate is $392.46.
9. Is Pacific Life competitive for a $5 million policy?
Yes. Pacific Life is consistently in the top five across all terms, with rates of $101.91 (10-year), $201.57 (20-year), and $399.38 (30-year).
10. What does Nationwide charge for a $5 million term policy at age 39?
Nationwide premiums are $111.56 for 10-year, $234.06 for 20-year, and $457.19 for 30-year terms.
11. What is the average cost of a 10-year $5 million term at age 39?
Most 10-year rates fall between $97 and $160 monthly for healthy non-tobacco applicants.
12. What is the average cost of a 20-year $5 million policy at age 39?
The main carriers cluster between $195 and $260 monthly for 20-year coverage.
13. What is the average cost of a 30-year $5 million term at age 39?
30-year rates typically range from $390 to $520 monthly for top-tier health classes.
14. Does health class affect $5 million term life pricing at age 39?
Yes. These charts reflect Super Preferred or Preferred Plus rates. Dropping to a lower class can increase premiums by 25–70 percent depending on the carrier.
15. Why are 30-year term rates more expensive?
Because insurers lock in your price until age 69, carriers take on more risk. Longer protection always results in higher premiums.
16. Is $5 million a common coverage amount for a 39-year-old?
Yes. High-income earners, business owners, or people with mortgages and children frequently purchase $3M–$10M of coverage at this age.
17. Can nicotine or vaping change these rates for a 39-year-old male?
Yes. Nicotine automatically moves you into a “smoker” rating, which usually doubles or triples the cost compared to non-nicotine rates shown in the charts.
18. Which carrier is best for long-term coverage at $5 million?
Symetra, Banner, Pacific Life, and Protective consistently appear among the lowest-priced 20- and 30-year options.
19. What if I need a policy that allows conversion to permanent life insurance?
Carriers like Lincoln, MassMutual, Nationwide, Banner, and Pacific Life have strong conversion options, but prices vary. Some slightly higher premiums reflect stronger conversion privileges.
20. How do I know whether a 10-, 20-, or 30-year term is right for me?
Choose 10-year for short-term protection, 20-year for mid-length income replacement, and 30-year if you want long-term stability or protection through retirement age.
Matt Mims
CEO/Founder of LifeStein.com
(601)-218-7854 (call/text)
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