How Much Does A $150k Life Insurance Policy Cost?
Posted in Life Insurance Face Amount last updated on February 18, 2023
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A $150k ($150,000) life insurance policy is popular amount of coverage in the United States today. Life insurance proceeds are income tax free, therefore a $150,000 policy is the ideal amount of coverage for many are looking for to replace their income or cover outstanding debts such as a mortgage in the event of a premature death.
$150k life insurance is ideal for:
- Mortgage protection
- Income protection
- Final expenses
- Pay off outstanding debts
- Pay off education loans
- Estate Planning
- Peace of mind
Below are the best $150k term life insurance rates for a 10, 15, 20, 25 and 30 year level (fixed) term for the four main health classification classes, Preferred Plus, Preferred, Standard Plus and Standard.
Sample Rates for $150k 10-Year Term
Below are the sample monthly rates for a $150,000 10-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $9 | $10 | $11 | $12 |
| 30 | $9 | $10 | $11 | $12 |
| 35 | $9 | $10 | $13 | $13 |
| 40 | $10 | $11 | $16 | $16 |
| 45 | $12 | $16 | $20 | $22 |
| 50 | $17 | $22 | $28 | $33 |
| 55 | $28 | $35 | $40 | $46 |
| 60 | $42 | $50 | $71 | $72 |
| 65 | $75 | $90 | $120 | $126 |
| 70 | $125 | $150 | $201 | $217 |
| 75 | $220 | $267 | $357 | $392 |
Sample Rates for $150k 15-Year Term
Below are the sample monthly rates for a $150,000 15-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $9 | $10 | $13 | $14 |
| 30 | $9 | $10 | $14 | $14 |
| 35 | $9 | $11 | $14 | $15 |
| 40 | $11 | $13 | $19 | $19 |
| 45 | $15 | $17 | $25 | $27 |
| 50 | $23 | $27 | $36 | $38 |
| 55 | $33 | $42 | $55 | $61 |
| 60 | $53 | $67 | $86 | $100 |
| 65 | $97 | $116 | $148 | $168 |
| 70 | $175 | $214 | $272 | $306 |
| 75 | $407 | $467 | $532 | $584 |
Sample Rates for $150k 20-Year Term
Below are the sample monthly rates for a $150,000 20-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $10 | $11 | $14 | $14 |
| 30 | $10 | $11 | $16 | $16 |
| 35 | $10 | $11 | $17 | $17 |
| 40 | $12 | $15 | $22 | $22 |
| 45 | $19 | $22 | $33 | $33 |
| 50 | $28 | $33 | $48 | $49 |
| 55 | $46 | $55 | $70 | $78 |
| 60 | $74 | $90 | $116 | $131 |
| 65 | $141 | $163 | $208 | $234 |
| 70 | $298 | $334 | $347 | $453 |
| 75 | N/A | N/A | N/A | N/A |
Sample Rates for $150k 25-Year Term
Below are the sample monthly rates for a $150,000 25-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $13 | $16 | $17 | $18 |
| 30 | $13 | $16 | $17 | $18 |
| 35 | $14 | $17 | $21 | $22 |
| 40 | $19 | $22 | $30 | $32 |
| 45 | $27 | $33 | $43 | $48 |
| 50 | $46 | $50 | $63 | $71 |
| 55 | $77 | $86 | $108 | $110 |
| 60 | $138 | $154 | $171 | $176 |
| 65 | $230 | $245 | $272 | $272 |
| 70 | N/A | N/A | N/A | N/A |
| 75 | N/A | N/A | N/A | N/A |
Sample Rates for $150k 30-Year Term
Below are the sample monthly rates for a $150,000 30-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $14 | $15 | $19 | $23 |
| 30 | $14 | $17 | $20 | $24 |
| 35 | $16 | $19 | $24 | $27 |
| 40 | $22 | $26 | $34 | $38 |
| 45 | $31 | $40 | $48 | $56 |
| 50 | $50 | $60 | $74 | $88 |
| 55 | $97 | $112 | $114 | $122 |
| 60 | N/A | N/A | N/A | N/A |
| 65 | N/A | N/A | N/A | N/A |
| 70 | N/A | N/A | N/A | N/A |
| 75 | N/A | N/A | N/A | N/A |
| 80 | N/A | N/A | N/A | N/A |
Sample Rates for $150k 10-Year Term No Medical Exam
Below are the sample monthly rates for a no medical exam $150,000 10-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $10 | $12 | $14 | $17 |
| 30 | $10 | $12 | $14 | $17 |
| 35 | $10 | $12 | $14 | $17 |
| 40 | $11 | $16 | $16 | $21 |
| 45 | $15 | $17 | $21 | $24 |
| 50 | $21 | $25 | $33 | $35 |
| 55 | $28 | $35 | $47 | $49 |
| 60 | $46 | $57 | $73 | $80 |
| 65 | $76 | $91 | $125 | $127 |
| 70 | $126 | $151 | $208 | $222 |
| 75 | N/A | N/A | N/A | N/A |
Sample Rates for $150k Whole Life Insurance
Below are the sample monthly rates for a $150,000 whole life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $60 | $62 | $65 | $68 |
| 30 | $68 | $69 | $75 | $79 |
| 35 | $80 | $85 | $89 | $95 |
| 40 | $98 | $103 | $110 | $118 |
| 45 | $119 | $126 | $135 | $146 |
| 50 | $150 | $157 | $172 | $184 |
| 55 | $188 | $198 | $217 | $231 |
| 60 | $244 | $258 | $283 | $302 |
| 65 | $330 | $350 | $386 | $414 |
| 70 | $451 | $479 | $525 | $559 |
| 75 | $585 | $663 | $726 | $769 |
The rates in the tables above are from some of the nation’s top life insurance companies: Pacific Life, Protective Life, Banner Life, Transamerica and SBLI. To see how much a $150k term life insurance policy, no medical exam or whole life insurance (permanent life insurance) will cost you please use our instant quote engine.
Bottom Line
The best rates for a $150k life insurance policy are very affordable if you select the right carrier for your age and health. Each life insurance company in the United States has their own underwriting guidelines and rates so it’s important to compare rates from several top insurers to make sure you are receiving the best deal. This will allow you to stretch your life insurance dollar to get the most coverage at the best price.
FAQ
How Much Does $150k Term Life Insurance Cost?
Rates range from $9 month to $554 month, depending on age, term and health class.
Do The Rates Increase Every 5 Years?
No, you can lock in a rate for 10, 15, 20, 25 or 30 years depending on your age so the rates won’t increase every five years as you get older.
Is There A Waiting Period for $150k of Life Insurance?
No, coverage begins from day one for natural causes and accidents without a waiting period.
What Are The Payment Options for A $150,000 Life Insurance Policy?
The payment options include monthly, quarterly, semi-annually or annually.
Is There A Penalty To Cancel A $150,000 Life Insurance Policy Early?
No, you can cancel the policy at anytime without a penalty.
Keep Reading
- AARP Life Insurance Rates by Age Chart 2023
- New York Life Insurance Rates by Age Chart 2023
- Primerica Life Insurance Rates by Age Chart 2023
- 10 vs 15 vs 20 vs 25 vs 30 Year Term Life Insurance
- A+ Rated Life Insurance Companies 2023
- Pacific Life Insurance Review 2023
- Life Insurance Over 50 No Medical Exam- Up to $3 Million Level Term Policy
