Current California Term Life Insurance Rates-October 2023
Compare today’s term life insurance quotes for CA
As of Friday, October 2nd, 2023, current term life insurance rates in California are $58 month for a 30-year fixed term.1
PolicyMutual.com has offers for California term life insurance from top partners that are well-below the national average. Compare, apply, and start saving today.
1Methodology: Rates for a 40-year old male, preferred health class, $500k 30-year fixed term policy.
Instant term life insurance and no-medical exam term life insurance quotes for California residents
Results:
30-Year Fixed Term
Insurer: Banner Life Insurance Company
Rating: A+ Superior
Amount: $500,000
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $685.11
Monthly Rate: $58.23
Receive a personalized quote from Banner Life
Insurer: Protective Life Insurance Company
Rating: A+ Superior
Amount: $500,000
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $689.29
Monthly Rate: $58.59
Receive a personalized quote from Protective Life
Insurer: Lincoln National Life Insurance Company
Rating: A Excellent
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $736.07
Monthly Rate: $63.30
Receive a personalized quote from Lincoln National Life
Insurer: American General Life Insurance Company
Rating: A Excellent
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $689.25
Monthly Rate: $58.24
Receive a personalized quote from American General Life
Insurer: Pacific Life Insurance Company
Rating: A+ Superior
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $693.35
Monthly Rate: $58.23
Receive a personalized quote from Pacific Life
Insurer: Symetra Life Insurance Company
Rating: A Superior
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $689.18
Monthly Rate: $58.58
Receive a personalized quote from Pacific Life
Insurer: Transamerica Life Insurance Company
Rating: A Excellent
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $695.00
Monthly Rate: $59.08
Receive a personalized quote from Transamerica Life
Insurer: Prudential Life Insurance Company
Rating: A+ Superior
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $985.00
Monthly Rate: $86.19
Receive a personalized quote from Prudential Life
Insurer: Mutual of Omaha Life Insurance Company
Rating: A+ Superior
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $817.50
Monthly Rate: $70.31
Receive a personalized quote from Mutual of Omaha
No Medical Exam 30-Year Fixed Term
Insurer: Savings Bank Life Insurance Company (SBLI)
Rating: A Excellent
Term: 30-Year Term
Health Class: Preferred
Annual Rate: $732.63
Monthly Rate: $61.05
Receive a personalized no medical exam quote from SBLI
Insurer: Ethos Life (Banner Life Insurance Company)
Rating: A+ Superior
Term: 30-Year Term
Health Class: Preferred
Monthly Rate: $74.04
Receive a personalized no medical exam quote from Ethos Life
Trends and insights
California term life insurance rates today
Accurate as of 3/4/2023
| Policy | Monthly Rate | Rating |
|---|---|---|
| 40-year fixed-term | $142 | A+ |
| 35-year fixed-term | $72 | A+ |
| 30-year fixed-term | $59 | A+ |
| 25-year fixed-term | $49 | A+ |
| 20-year fixed-term | $35 | A+ |
| 15-year fixed-term | $28 | A+ |
| 10-year fixed-term | $22 | A+ |
| No medical exam 30-year fixed term | $61 | A+ |
| No medical exam 25-year fixed term | $58 | A+ |
| No medical exam 20-year fixed term | $38 | A+ |
| No medical exam 15-year fixed term | $28 | A+ |
| No medical exam 10-year fixed term | $23 | A+ |
| Instant-decision, no medical exam 30-year fixed term | $70 | A+ |
| Instant-decision, no medical exam 25-year fixed term | $54 | A+ |
| Instant-decision, no medical exam 20-year fixed term | $38 | A+ |
| Instant-decision, no medical exam 15-year fixed term | $35 | A+ |
| Instant-decision, no medical exam 10-year fixed term | $32 | A+ |
Today’s sample rates based on a $500,000 life insurance policy amount for a 40-year old male at the Preferred health rate class, D.O.B. 3/4/1983. Rates vary depending on age, health, build and other underwriting factors. Rates shown are the average of the best rates 3 top term life insurance companies price results.
Top 30 Largest Life Insurance Companies in California 2023
Below is a list of the largest life insurance companies in California for 2022 by premiums written. Not surprisingly, most insurers on the list of the largest life insurance companies in California 2023 many people will recognize and are household names. The list is calculated by the life insurance market share for life insurance premiums annually.
| Ranking | Life Insurance Company |
|---|---|
| 1 | New York Life |
| 2 | Transamerica |
| 3 | MassMutual |
| 4 | MetLife |
| 5 | Northwestern Mutual |
| 6 | Lincoln National (Financial) |
| 7 | Pacific Life |
| 8 | American General Life (AIG) |
| 9 | Pruco Life Insurance Co |
| 10 | State Farm Life |
| 11 | John Hancock USA |
| 12 | Life Insurance Co of the Southwest |
| 13 | Primerica Life |
| 14 | Prudential Insurance Co of America |
| 15 | New York Life and Annuity Corp |
| 16 | Nationwide Life |
| 17 | Midland National Life |
| 18 | Farmers New World Life |
| 19 | Minnesota Life |
| 20 | Guardian Life Insurance Company of America |
| 21 | AAA Life Insurance |
| 22 | Allianz Life Insurance |
| 23 | Life Insurance Company of North America |
| 24 | Brighthouse Life |
| 25 | United of Omaha (Mutual of Omaha) |
| 26 | Equitable Financial |
| 27 | Accordia Life and Annuity |
| 28 | Protective Life Insurance |
| 29 | ReliaStar Life Insurance |
| 30 | Security Benefit Life |
The bottom line
California is the most populous state in the country with over 39 million residents. When California residents are shopping for term life insurance coverage it’s important to compare rates from at least 5 highly rated companies or to use a life insurance broker who can do the shopping for you. This will ensure that you are receiving the best rate to say you money.
Compare term life, no-medical exam and whole life insurance quotes instantly from the nation’s top companies such as: Banner Life, Protective Life, Prudential Life, Mutual of Omaha, Transamerica, Lincoln Financial, Bestow Life, Ethos Life, Symetra Life other top California’s top exam and no-exam term insurance companies.
