Term life insurance is dramatically cheaper than most people think, especially for young healthy adults. A 30-year-old can get $500,000 in coverage for approximately $25/month — less than a streaming subscription.
Term Life Rates by Age
- Age 25: $500K for $18/month
- Age 30: $500K for $25/month
- Age 35: $500K for $32/month
- Age 40: $500K for $48/month
- Age 45: $500K for $78/month
Every year you wait costs more. Financial planners recommend coverage of 10-12x your annual income. A 30-year term ensures protection through your children's college years and mortgage payoff.
