How Much is a $300k Term Life Insurance Policy?

A $300k 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

AgePreferred PlusPreferredStandard PlusStandard
20$10$13$16$18
30$10$13$16$18
40$13$16$23$24
50$27$33$48$51
60$69$82$105$118
70$209$243$311$356
$300k 10 Year Term Rate Chart by Age and Health Class

Sample Rates for $300k 15-Year Term

AgePreferred PlusPreferredStandard PlusStandard
20$11$14$18$21
30$11$14$18$21
40$14$19$26$29
50$35$40$55$65
60$91$110$138$156
70$287$349$437$537
$300k 15 Year Term Rate Chart by Age and Health Class

Sample Rates for $300k 20-Year Term

AgePreferred PlusPreferredStandard PlusStandard
20$13$17$20$24
30$14$17$22$24
40$20$24$32$36
50$45$53$73$81
60$125$144$191$221
70$487$568$662$779
$300k 20 Year Term Rate Chart by Age and Health Class

Sample Rates for $300k 25-Year Term

AgePreferred PlusPreferredStandard PlusStandard
20$17$22$29$32
30$18$23$31$33
40$28$34$47$52
50$68$82$112$123
60$242$276$320$332
70NANANANA
$300k 25 Year Term Rate Chart by Age and Health Class

Sample Rates for $300k 30-Year Term

AgePreferred PlusPreferredStandard PlusStandard
20$20$24$30$38
30$20$25$32$39
40$33$38$51$60
50$79$93$129$150
60NANANANA
70NANANANA
$300k 30 Year Term Rate Chart by Age and Health Class

Sample Rates $300k 20-Year Term No Medical Exam

AgePreferred PlusPreferredStandard PlusStandard
20$14$18$24$27
30$14$18$24$28
40$21$25$34$39
50$55$64$79$93
60$168$189$213$262
$300k 20-Year Term No Medical Exam Rate Chart by Age and Health Class

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 $779 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 guidlines and rates. It’s important to compare rates from several top insurers. Top companies include: Banner Life, Pacific Life, Lincoln Financial, Transamerica, SBLI, AIG and Protective Life.

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