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How Much Does a $500,000 Term Life Insurance Policy Cost in 2016?

How much does a $500,000 life insurance policy cost?How much does a $500,000 term life insurance policy cost in 2016?

Are you seeking the answer to the question, how much does a $500,000 term life insurance policy cost in 2016? The good news that a $500,000 policy can be very affordable for many people. Factors such as age, health, term length and health and medication history will all determine the price. Let’s take a look at some sample rates for $500k from the nation’s leading companies.

$500,000 10 Year Term

Below are the sample rates for a $500k policy on 10 year term for a 40 year old male at the best health class.

Company Name          Rating   Price Product Name   Rate Class

United of Omaha Life Insurance Company      A+ $18.59 Term Life Answers 10 Preferred Plus Non-Tobacco
MetLife Insurance Company USA      A+ $19.26 Guaranteed Level Term 10 Elite Plus Nonsmoker
Ohio National Life Assurance Corporation      A+ $18.60 FlexTerm Series IX – 10 Year Super Preferred Non-Smoker
Ohio National Life Assurance Corporation      A+ $19.90 FlexTerm Series IX – 10 Year Plus Super Preferred Non-Smoker
Security Mutual Life Insurance Co of NY      A- $20.70 LT Security Plus 10-Year Preferred Plus Nonsmoker
Protective Life Insurance Company      A+ $19.97 Custom Choice UL – 10 Year No Lapse Select Preferred Non-Tobacco
AAA Life Insurance Company      A- $20.68 10 Year Level Term Super Preferred Non-Nicotine
Genworth Life and Annuity Insurance Co      A- $21.44 Colony Term 10 Preferred Best No Nicotine Use
Genworth Life Insurance Company      A- $21.44 Colony Term 10 Preferred Best No Nicotine Use
Symetra Life Insurance Company      A $21.44 10 Year Level Term Super Preferred Non-Nicotine
Minnesota Life Insurance Company      A+ $22.26 Advantage Elite Select Life – 10 Year Preferred Select Non-Tobacco
Ohio National Life Assurance Corporation      A+ $22.06 Recap Term – 10 Year Super Preferred Non-Smoker
The Penn Mutual Life Insurance Company      A+ $22.19 Guaranteed 10 Year Term Preferred Best Non-Smoker
Midland National Life Insurance Company      A+ $22.44 Premier CS7 – 10 Year Term Preferred Plus Non-tobacco
North American Co for Life and Health      A+ $22.44 ADDvantage 10 Super Preferred Non-Tobacco
Pacific Life Insurance Company      A+ $21.68 Pacific PRIME Term 10 Super Preferred NonTobacco
TIAA-CREF Life Insurance Company      A++ $22.95 10-Year Level Term Preferred Plus Non-Tobacco
Ameritas Life Insurance Corp      A $22.81 Keystone Term 10 Preferred Plus Non-Tobacco
American National Insurance Company      A $22.90 Signature Term 10 Preferred Plus Non-tobacco
Standard Life and Accident Insurance Co      A $22.90 Advantage Shield Term 10 Preferred Plus Non-tobacco
Principal National Life Insurance Co      A+ $23.51 10-Year Term (09/2015) Super Preferred non-tobacco
American General Life Insurance Company      A $23.27 Select-a-Term – 10 Year (Nov 2015) Preferred Plus Non-Tobacco
MetLife Insurance Company USA      A+ $24.21 Guaranteed Level Term 10 Elite Nonsmoker
American United Life Insurance Company      A+ $23.76 American Protector Plus – 10-Year Level Elite Preferred Nontobacco
Banner Life Insurance Company      A+ $23.77 OPTerm 10 – 10 Year Term Preferred Plus Non-Smoker
Savings Bank Life Insurance Co of MA      A+ $23.64 T-10/10 – 10 Year Term (new rates) Preferred Plus Non-Nicotine
Guardian Life Insurance Co of America      A++ $23.60 Level Term Gold 10 Elite
MTL Insurance Company      A- $24.75 SelecTerm-10 Preferred Plus Non-Tobacco
Cincinnati Life Insurance Company      A $24.64 LifeHorizons Termsetter 10 Preferred Plus Non-Smoker
National Life Insurance Co of Vermont      A $24.64 GL-10 – 10 Year Level Term Elite Preferred Nontobacco
Guardian Life Insurance Co of America      A++ $24.46 Level Term Gold 10 (xtended conversion) Elite
ReliaStar Life Insurance Company      A $24.94 TermSmart 10 – 10 Year Term Super Preferred Non-Tobacco
John Hancock Life Insurance Company USA      A+ $27.80 Term 10 Super Preferred Non-Smoker
United of Omaha Life Insurance Company      A+ $25.16 Term Life Answers 10 Preferred Non-Tobacco
Transamerica Life Insurance Company      A+ $25.81 Trendsetter Super 10 Preferred Plus Non-Smoker
Lincoln National Life Insurance Company      A+ $26.25 LifeElement (SM) Level Term 10 (2014) Preferred Plus Non-tobacco
Columbus Life Insurance Company      A+ $26.35 Nautical Term – 10 Year Super Preferred Non-tobacco
Accordia Life and Annuity Company      A- $27.59 10-Year Level Premium Term Premier Non-Tobacco
EMC National Life Company      A- $27.59 Term Select – 10 Year Preferred Plus Non-Tobacco
Security Mutual Life Insurance Co of NY      A- $27.90 LT Security Plus 10-Year Preferred Nonsmoker
AXA Equitable Life Insurance Company      A+ $29.09 Equitable Term 10 (151X) Preferred Elite Non-Tobacco
Guardian Life Insurance Co of America      A++ $27.04 Level Term Gold 10 Preferred Plus NT

 

$500,000 15 Year Term

Below are the sample rates for a $500k policy on 15 year term for a 40 year old male at the best health class.

Protective Life Insurance Company      A+ $23.85 Custom Choice UL – 15 Year No Lapse Select Preferred Non-Tobacco
Ohio National Life Assurance Corporation      A+ $24.65 FlexTerm Series IX – 15 Year Plus Super Preferred Non-Smoker
Pacific Life Insurance Company      A+ $24.59 Pacific PRIME Term 15 Super Preferred NonTobacco
Genworth Life and Annuity Insurance Co      A- $25.81 Colony Term 15 Preferred Best No Nicotine Use
Genworth Life Insurance Company      A- $25.81 Colony Term 15 Preferred Best No Nicotine Use
AAA Life Insurance Company      A- $26.84 15 Year Level Term Super Preferred Non-Nicotine
Banner Life Insurance Company      A+ $27.04 OPTerm 15 – 15 Year Term Preferred Plus Non-Smoker
Savings Bank Life Insurance Co of MA      A+ $26.88 T-15/15 – 15 Year Term (new rates) Preferred Plus Non-Nicotine
American General Life Insurance Company      A $26.73 Select-a-Term – 15 Year (Nov 2015) Preferred Plus Non-Tobacco
MetLife Insurance Company USA      A+ $28.26 Guaranteed Level Term 15 Elite Plus Nonsmoker
Midland National Life Insurance Company      A+ $27.72 Premier CS7 – 15 Year Term Preferred Plus Non-tobacco
North American Co for Life and Health      A+ $27.72 ADDvantage 15 Super Preferred Non-Tobacco
Symetra Life Insurance Company      A $28.00 15 Year Level Term Super Preferred Non-Nicotine
Guardian Life Insurance Co of America      A++ $27.89 Level Term Gold 15 Elite
The Penn Mutual Life Insurance Company      A+ $28.28 Guaranteed 15 Year Term Preferred Best Non-Smoker
TIAA-CREF Life Insurance Company      A++ $28.44 15-Year Level Term Preferred Plus Non-Tobacco
Security Mutual Life Insurance Co of NY      A- $29.25 LT Security Plus 15-Year Preferred Plus Nonsmoker
American National Insurance Company      A $28.51 Signature Term 15 Preferred Plus Non-tobacco
Standard Life and Accident Insurance Co      A $28.51 Advantage Shield Term 15 Preferred Plus Non-tobacco
Principal National Life Insurance Co      A+ $29.02 15-Year Term (09/2015) Super Preferred non-tobacco
Guardian Life Insurance Co of America      A++ $28.75 Level Term Gold 15 (xtended conversion) Elite
American United Life Insurance Company      A+ $29.48 American Protector Plus – 15-Year Level Elite Preferred Nontobacco
ReliaStar Life Insurance Company      A $29.75 TermSmart 15 – 15 Year Term Super Preferred Non-Tobacco
Cincinnati Life Insurance Company      A $29.92 LifeHorizons Termsetter 15 Preferred Plus Non-Smoker
Lincoln National Life Insurance Company      A+ $30.19 LifeElement (SM) Level Term 15 (2014) Preferred Plus Non-tobacco
United of Omaha Life Insurance Company      A+ $30.84 Term Life Answers 15 Preferred Plus Non-Tobacco
MTL Insurance Company      A- $32.40 SelecTerm-15 Preferred Plus Non-Tobacco
MetLife Insurance Company USA      A+ $32.76 Guaranteed Level Term 15 Elite Nonsmoker
Ameritas Life Insurance Corp      A $31.41 Keystone Term 15 (CA, IN, OR, PA) Preferred Plus Non-Tobacco
John Hancock Life Insurance Company USA      A+ $34.80 Term 15 Super Preferred Non-Smoker
AXA Equitable Life Insurance Company      A+ $34.65 Equitable Term 15 (151X) Preferred Elite Non-Tobacco
Transamerica Life Insurance Company      A+ $32.69 Trendsetter Super 15 Preferred Plus Non-Smoker
National Life Insurance Co of Vermont      A $33.44 GL-15 – 15 Year Level Term Elite Preferred Nontobacco
Nationwide Life and Annuity Insurance Co      A+ $33.82 YourLife(SM) GLT 15 Year Term Preferred Plus Nontobacco
Columbus Life Insurance Company      A+ $32.73 Nautical Term – 15 Year Super Preferred Non-tobacco
EMC National Life Company      A- $34.27 Term Select – 15 Year Preferred Plus Non-Tobacco
Guardian Life Insurance Co of America      A++ $33.90 Level Term Gold 15 Preferred Plus NT

 

$500,000 20 Year Term

Below are the sample rates for a $500k policy on 20 year term for a 40 year old male at the best health class.

United of Omaha Life Insurance Company      A+ $33.47 Term Life Answers 20 Preferred Plus Non-Tobacco
Protective Life Insurance Company      A+ $33.03 Custom Choice UL – 20 Year No Lapse Select Preferred Non-Tobacco
American General Life Insurance Company      A $33.65 Select-a-Term – 20 Year (Nov 2015) Preferred Plus Non-Tobacco
Pacific Life Insurance Company      A+ $32.51 Pacific PRIME Term 20 Super Preferred NonTobacco
Ohio National Life Assurance Corporation      A+ $34.17 FlexTerm Series IX – 20 Year Plus Super Preferred Non-Smoker
Genworth Life and Annuity Insurance Co      A- $35.00 Colony Term 20 Preferred Best No Nicotine Use
Genworth Life Insurance Company      A- $35.00 Colony Term 20 Preferred Best No Nicotine Use
Cincinnati Life Insurance Company      A $35.64 LifeHorizons Termsetter 20 Preferred Plus Non-Smoker
Savings Bank Life Insurance Co of MA      A+ $35.58 T-20/20 – 20 Year Term (new rates) Preferred Plus Non-Nicotine
MetLife Insurance Company USA      A+ $36.81 Guaranteed Level Term 20 Elite Plus Nonsmoker
AAA Life Insurance Company      A- $36.08 20 Year Level Term Super Preferred Non-Nicotine
Banner Life Insurance Company      A+ $36.30 OPTerm 20 – 20 Year Term Preferred Plus Non-Smoker
Midland National Life Insurance Company      A+ $36.52 Premier CS7 – 20 Year Term Preferred Plus Non-tobacco
North American Co for Life and Health      A+ $36.52 ADDvantage 20 Super Preferred Non-Tobacco
Symetra Life Insurance Company      A $37.63 20 Year Level Term Super Preferred Non-Nicotine
American National Insurance Company      A $37.58 Signature Term 20 Preferred Plus Non-tobacco
Standard Life and Accident Insurance Co      A $37.58 Advantage Shield Term 20 Preferred Plus Non-tobacco
The Penn Mutual Life Insurance Company      A+ $37.85 Guaranteed 20 Year Term Preferred Best Non-Smoker
TIAA-CREF Life Insurance Company      A++ $38.15 20-Year Level Term Preferred Plus Non-Tobacco
Principal National Life Insurance Co      A+ $39.03 20-Year Term (09/2015) Super Preferred non-tobacco
ReliaStar Life Insurance Company      A $39.38 TermSmart 20 – 20 Year Term Super Preferred Non-Tobacco
Nationwide Life and Annuity Insurance Co      A+ $40.05 YourLife(SM) GLT 20 Year Term Preferred Plus Nontobacco
Security Mutual Life Insurance Co of NY      A- $40.50 LT Security Plus 20-Year Preferred Plus Nonsmoker
AXA Equitable Life Insurance Company      A+ $41.06 Equitable Term 20 (151X) Preferred Elite Non-Tobacco
EMC National Life Company      A- $40.50 Term Select – 20 Year Preferred Plus Non-Tobacco
MTL Insurance Company      A- $40.95 SelecTerm-20 Preferred Plus Non-Tobacco
American United Life Insurance Company      A+ $40.92 American Protector Plus – 20-Year Level Elite Preferred Nontobacco
Columbus Life Insurance Company      A+ $39.95 Nautical Term – 20 Year Super Preferred Non-tobacco
Lincoln National Life Insurance Company      A+ $41.13 LifeElement (SM) Level Term 20 (2014) Preferred Plus Non-tobacco
Transamerica Life Insurance Company      A+ $40.86 Trendsetter Super 20 Preferred Plus Non-Smoker
Ameritas Life Insurance Corp      A $40.87 Keystone Term 20 (CA, IN, OR, PA) Preferred Plus Non-Tobacco
Guardian Life Insurance Co of America      A++ $41.20 Level Term Gold 20 Elite
MetLife Insurance Company USA      A+ $43.56 Guaranteed Level Term 20 Elite Nonsmoker
Pacific Life Insurance Company      A+ $40.43 Pacific PRIME Term 20 Preferred Plus NonTobacco
Minnesota Life Insurance Company      A+ $42.68 Advantage Elite Select Life – 20 Year Preferred Select Non-Tobacco
Pruco Life Insurance Company      A+ $43.65 Term Essential 20 (<250K PruXpress / CA) Preferred Best
Minnesota Life Insurance Company      A+ $43.96 Advantage Elite – 20 Year (w/ext conv.) Preferred Select Non-Tobacco
Transamerica Life Insurance Company      A+ $43.01 Trendsetter LB 20 Preferred Plus Non-Smoker
Guardian Life Insurance Co of America      A++ $43.34 Level Term Gold 20 (xtended conversion) Elite
Accordia Life and Annuity Company      A- $44.95 20-Year Level Premium Term Premier Non-Tobacco
Primerica Life Insurance Company      A+ $47.98 Custom Advantage – 20 Year Preferred Plus Non-Smoker

 

$500,000 30 Year Term

Below are the sample rates for a $500k policy on 30 year term for a 40 year old male at the best health class.

Cincinnati Life Insurance Company      A $56.76 LifeHorizons Termsetter 30 Preferred Plus Non-Smoker
United of Omaha Life Insurance Company      A+ $58.84 Term Life Answers 30 Preferred Plus Non-Tobacco
Pruco Life Insurance Company      A+ $60.75 Term Essential 30 (<250K PruXpress / CA) Preferred Best
Columbus Life Insurance Company      A+ $58.65 Nautical Term – 30 Year Super Preferred Non-tobacco
American General Life Insurance Company      A $60.03 Select-a-Term – 30 Year (Nov 2015) Preferred Plus Non-Tobacco
Midland National Life Insurance Company      A+ $61.60 Premier CS7 – 30 Year Term Preferred Plus Non-tobacco
North American Co for Life and Health      A+ $61.60 ADDvantage 30 Super Preferred Non-Tobacco
Pacific Life Insurance Company      A+ $58.76 Pacific PRIME Term 30 Super Preferred NonTobacco
American National Insurance Company      A $60.91 Signature Term 30 Preferred Plus Non-tobacco
Standard Life and Accident Insurance Co      A $60.91 Advantage Shield Term 30 Preferred Plus Non-tobacco
AAA Life Insurance Company      A- $62.48 30 Year Level Term Super Preferred Non-Nicotine
Protective Life Insurance Company      A+ $61.22 Custom Choice UL – 30 Year No Lapse Select Preferred Non-Tobacco
Transamerica Life Insurance Company      A+ $61.50 Trendsetter Super 30 Preferred Plus Non-Smoker
Savings Bank Life Insurance Co of MA      A+ $62.21 T-30/30 – 30 Year Term (new rates) Preferred Plus Non-Nicotine
Banner Life Insurance Company      A+ $63.87 OPTerm 30 – 30 Year Term Preferred Plus Non-Smoker
Security Mutual Life Insurance Co of NY      A- $65.70 LT Security Plus 30-Year Preferred Plus Nonsmoker
Transamerica Life Insurance Company      A+ $64.51 Trendsetter LB 30 Preferred Plus Non-Smoker
Symetra Life Insurance Company      A $65.63 30 Year Level Term Super Preferred Non-Nicotine
Pruco Life Insurance Company      A+ $67.50 Term Elite 30 (<250K PruXpress ONLY/CA) Preferred Best
Principal National Life Insurance Co      A+ $65.83 30-Year Term (09/2015) Super Preferred non-tobacco
Guardian Life Insurance Co of America      A++ $64.80 Level Term Gold 30 Elite
Lincoln National Life Insurance Company      A+ $67.38 LifeElement (SM) Level Term 30 (2014) Preferred Plus Non-tobacco
Guardian Life Insurance Co of America      A++ $68.66 Level Term Gold 30 (xtended conversion) Elite
EMC National Life Company      A- $71.20 Term Select – 30 Year Preferred Plus Non-Tobacco
MetLife Insurance Company USA      A+ $73.26 Guaranteed Level Term 30 Elite Plus Nonsmoker
Nationwide Life and Annuity Insurance Co      A+ $72.54 YourLife(SM) GLT 30 Year Term Preferred Plus Nontobacco
MTL Insurance Company      A- $74.25 SelecTerm-30 Preferred Plus Non-Tobacco
Pacific Life Insurance Company      A+ $70.01 Pacific PRIME Term 30 Preferred Plus NonTobacco
Minnesota Life Insurance Company      A+ $73.92 Advantage Elite Select Life – 30 Year Preferred Select Non-Tobacco
TIAA-CREF Life Insurance Company      A++ $74.27 30-Year Level Term Preferred Plus Non-Tobacco
Minnesota Life Insurance Company      A+ $76.14 Advantage Elite – 30 Year (w/ext conv.) Preferred Select Non-Tobacco
Accordia Life and Annuity Company      A- $77.43 30-Year Level Premium Term Premier Non-Tobacco
Ameritas Life Insurance Corp      A $75.70 Keystone Term 30 (CA, IN, OR, PA) Preferred Plus Non-Tobacco

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