How much is life insurance for a healthy 40-year-old?
Mia Phillips
Published Jan 20, 2026
Despite popular belief, life insurance rates can be very affordable. In fact, according to eFinancial, the cost of a 10-year, $250,000 life insurance policy is typically between $15 and $17 per month for a healthy 40-year-old.
What’s the average life insurance amount?
Average cost of term life insurance by state
| State | Annual life insurance premium | Average monthly premium |
|---|---|---|
| California | $668 | $56 |
| Colorado | $645 | $54 |
| Connecticut | $724 | $60 |
| Delaware | $657 | $55 |
How much does whole life insurance cost per month?
Smokers pay an average of $859 per month. Here’s a more detailed breakdown of average whole life insurance costs by age (for non-smokers). A 20-year, $250,000 term life insurance policy for a family of 4 with no health issues costs an average of $470 per year. This average is based on the best rates possible.
What’s the average cost of term life insurance?
All charts refer to term life policies, unless otherwise indicated. The average cost for a $250,000 20-year term policy at age 35 is about $14 per month. The cost of insurance increases exponentially as you age.
When does the cost of life insurance increase?
Through our findings, you can see that the increase in monthly premiums as you age is much smaller if you are young, compared to when you are older. For example, the average life insurance quote only increases by 4% between ages 25 and 30, but it jumps much higher between ages 60 and 65 — an average increase of 86%, or $275.
How much does a 30 year old save on life insurance?
30-year-old applicants can save an average of 26.2% if they were to take out a decreasing term policy as opposed to a level term policy, whilst a 50-year-old applicant could save a huge 46.1% saving a month. This equates to an average saving of £3,430.80 for a 50-year-old applicant over the course of the policy term.
