How Much is a $300k Term Life Insurance Policy?
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A $300k ($300,000) term life insurance policy is one of the most common policies in the country today. Since life insurance proceeds are income tax free, $300,000 adequately replaces future income and pays off any outstanding debts for many families and businesses.
$300k term life insurance is ideal for:
- Income protection
- Mortgage protection
- Cover final expenses
- Pay off debts
- Cover educational expenses
- SBA life insurance loan requirement
- Estate planning
- Peace of mind
Below are the best $300k term life insurance rates sorted by: 10, 15, 20, 25 and 30 year level terms at each health rating class.
Sample Rates for $300k 10-Year Term
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $10 | $13 | $16 | $18 |
30 | $10 | $12 | $16 | $18 |
40 | $13 | $16 | $23 | $24 |
50 | $27 | $33 | $48 | $51 |
60 | $69 | $82 | $105 | $118 |
70 | $209 | $242 | $310 | $356 |
Sample Rates for $300k 15-Year Term
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $10 | $14 | $18 | $20 |
30 | $10 | $14 | $18 | $20 |
40 | $14 | $19 | $25 | $28 |
50 | $35 | $39 | $54 | $64 |
60 | $91 | $105 | $138 | $156 |
70 | $287 | $349 | $436 | $536 |
Sample Rates for $300k 20-Year Term
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $13 | $16 | $20 | $23 |
30 | $13 | $16 | $20 | $23 |
40 | $19 | $23 | $29 | $35 |
50 | $44 | $52 | $72 | $80 |
60 | $125 | $138 | $190 | $219 |
70 | $487 | $568 | $662 | $774 |
Sample Rates for $300k 25-Year Term
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $17 | $22 | $29 | $31 |
30 | $17 | $22 | $31 | $33 |
40 | $28 | $33 | $47 | $51 |
50 | $68 | $82 | $111 | $122 |
60 | $240 | $274 | $318 | $330 |
70 | NA | NA | NA | NA |
Sample Rates for $300k 30-Year Term
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $19 | $23 | $30 | $37 |
30 | $20 | $25 | $31 | $38 |
40 | $32 | $38 | $51 | $59 |
50 | $79 | $93 | $129 | $150 |
60 | NA | NA | NA | NA |
70 | NA | NA | NA | NA |
Sample Rates $300k 20-Year Term No Medical Exam
Age | Preferred Plus | Preferred | Standard Plus | Standard |
---|---|---|---|---|
20 | $14 | $18 | $23 | $27 |
30 | $14 | $18 | $24 | $28 |
40 | $21 | $25 | $34 | $39 |
50 | $55 | $64 | $79 | $93 |
60 | $168 | $189 | $213 | $262 |
The rates in the tables above are from the top carriers: Banner Life, Pacific Life, Protective Life, Transamerica, SBLI. To see how much a $300k term life insurance policy will cost you please use our instant quote engine.
Bottom Line
The best rates for a $300k term life insurance policy are very affordable if you choose the right carrier. Since each life insurance company has their own rates and underwriting guidelines, it’s important to compare quotes from several insurers to make you are getting the best rate.
FAQ
Are Life Insurance Proceeds Taxed?
Life insurance proceeds are generally income take free, unless the insured is subject to estate taxes.
How Much Is $300k Term Life Insurance
Rates range from $10 month to $774 month, depending on age, term and health class.
Who Is The Best Life Insurance Company for a $300k Term Life Policy?
Each company has their own underwriting guidelines and rates. It’s important to compare rates from several top insurers. Few of the top life insurance companies include: Banner Life, Pacific Life, Lincoln Financial, Symetra Life, Transamerica, SBLI, AIG and Protective Life.