How Much Does $200k Term Life Insurance Cost?
Posted in Life Insurance Face Amount last updated on September 15, 2023
Are you looking for the cost for a $200k term life insurance policy?
If so, you’re in the right place.
Below we’ll go over the rates for a $200,000 term life insurance policy by: age (20-70 years old), health class (Preferred Plus, Preferred, Standard Plus and Standard) and term duration (10 to 40 year level term) to show what is available today on the open market. These rates are pulled from several of the nation’s top companies such as: Pacific Life, AIG, Banner Life, Protecive Life, SBLI and Transamerica.
Let’s get stated!
Table of contents
Sample Rates for $200k 10-Year Term
Below are the sample monthly rates for a $200k 10-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $9.56 | $11.76 | $13.31 | $17.86 |
| 30 | $9.56 | $11.76 | $13.04 | $15.30 |
| 40 | $11.44 | $13.40 | $18.87 | $20.16 |
| 50 | $21.44 | $27.74 | $33.42 | $42.32 |
| 60 | $53.88 | $63.74 | $92.88 | $94.26 |
| 70 | $163.84 | $197.52 | $265.54 | $286.62 |
Sample Rates for $200k 15-Year Term
Below are the sample monthly rates for a $200k 15-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $9.56 | $11.76 | $13.04 | $15.30 |
| 30 | $9.56 | $11.76 | $16.00 | $17.19 |
| 40 | $12.40 | $15.17 | $20.66 | $23.70 |
| 50 | $27.86 | $33.52 | $45.82 | $48.62 |
| 60 | $69.22 | $86.38 | $112.16 | $128.86 |
| 70 | $231.82 | $275.40 | $360.74 | $404.72 |
Sample Rates for $200k 20-Year Term
Below are the sample monthly rates for a $200k 20-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $10.92 | $11.96 | $18.44 | $18.61 |
| 30 | $10.96 | $12.14 | $18.27 | $19.75 |
| 40 | $13.36 | $17.20 | $26.04 | $27.40 |
| 50 | $34.98 | $42.02 | $61.20 | $63.38 |
| 60 | $96.84 | $118.42 | $151.70 | $171.00 |
| 70 | $395.52 | $443.10 | $460.36 | $601.38 |
Sample Rates for $200k 25-Year Term
Below are the sample monthly rates for a $200k 25-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $15.66 | $18.42 | $20.22 | $21.30 |
| 30 | $16.34 | $18.69 | $22.44 | $22.61 |
| 40 | $24.28 | $27.38 | $36.53 | $40.42 |
| 50 | $52.87 | $61.73 | $73.08 | $92.08 |
| 60 | $181.42 | $202.08 | $225.54 | $231.66 |
| 70 | NA | NA | NA | NA |
Sample Rates for $200k 30-Year Term
Below are the sample monthly rates for a $200k 30-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $15.92 | $18.77 | $23.28 | $28.72 |
| 30 | $16.72 | $19.04 | $24.64 | $30.32 |
| 40 | $26.60 | $32.88 | $42.66 | $48.90 |
| 50 | $64.00 | $78.28 | $96.72 | $114.66 |
| 60 | NA | NA | NA | NA |
| 70 | NA | NA | NA | NA |
Sample Rates for $200k 35-Year Term
Below are the sample monthly rates for a $200k 35-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 30 | $22.02 | $28.42 | $37.56 | $39.62 |
| 40 | $36.60 | $43.94 | $61.44 | $68.94 |
| 50 | $91.46 | $109.06 | $150.45 | $179.40 |
| 60 | NA | NA | NA | NA |
| 70 | NA | NA | NA | NA |
| 80 | NA | NA | NA | NA |
Sample Rates for $200k 40-Year Term
Below are the sample monthly rates for a $200k 40-year level term life insurance policy from the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 20 | $25.56 | $32.38 | $42.41 | $43.98 |
| 30 | $29.96 | $35.64 | $46.99 | $48.56 |
| 40 | NA | NA | NA | NA |
| 50 | NA | NA | NA | NA |
| 60 | NA | NA | NA | NA |
| 70 | NA | NA | NA | NA |
*Rates for the tables above are for a male with date of birth 8/1.
Bottom Line
The best rates for a $200k ($200,000) term life insurance policy are very affordable if you choose the right company, as you can see in the tables above. Since each life insurance company has their own underwriting guidelines, it’s important to compare rates from several top life insurers to ensure you are getting the best deal. Just a few extra pounds on the build chart or your even family history can affect which life insurance company will offer the lowest rate based on your underwriting profile.
FAQ
How much does a $200k term life insurance policy cost?
Rates range from $9.56 month to $601.38 month, depending on age, term and health class.
Do I need to do an exam for a $200k term life insurance policy?
Many applicants will not need an exam for a $200k term life policy, however it will depend on your age and your health.
Can the rates increase during the term?
No, whichever term you select: 10, 15, 20, 25, 30, 35 or 40 years, once you are approved and active the policy the rate cannot increase for the term you select regardless of changes in age or health.
Is there a waiting period for the $200k of coverage?
No, coverage begins from day one for natural causes and accidents without a waiting period.
Is the a penalty if I cancel early?
No, for a $200k term life insurance policy, the insurance company will lock in the rate for the term but you cancel anytime without a penalty.
Not Sure Which Life Insurance Health Class You Qualify For?
Take a look at our articles on the four main life insurance rate (health) classes:
- What Is Preferred Plus Life Insurance Health Class?
- What Is Preferred Life Insurance Health Class?
- What Is Standard Plus Life Insurance Health Class?
- What Is Standard Life Insurance Health Class
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