How Much Does It Cost for Term Life Insurance?

The cost of a term life insurance policy can vary from less than $10 per month to over $100 per month depending on the duration of your life insurance and the amount of coverage you need.

In addition, other factors will impact your term life insurance cost including your gender and age.

Several additional risk factors go into determining your rate per $1,000 of life insurance coverage including your health, tobacco use, driving record, occupation, hobbies, height-to-weight ratio, and family health history, etc.

The insurer uses this information and the results of any health exam to develop your life expectancy - how long you are expected to live, and pay your premiums for your life insurance policy.

The younger and healthier you are, the lower your cost of term insurance. The shorter the duration of your term coverage, the lower your cost. And, the lower the amount of life insurance you buy, the lower your cost of coverage.

Term life is usually available for a "term" of 10, 15, 20 or 30 years.

Here's how you can compare instant term life insurance price quotes online from top carriers.