How Much Does A $50k Term Life Insurance Policy Cost?
Posted in Life Insurance Face Amount last updated on September 13, 2023
A $50k ($50,000) term life insurance policy is a popular amount of coverage in the United States today. Life insurance proceeds are income tax free, therefore a $50,000 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.
$50k term life insurance is ideal for:
- Final expenses
- Mortgage protection
- Pay off outstanding debts
- Pay off education loans
- Income protection
- Estate Planning
- Peace of mind
Below are the best $50k term life insurance rates for a 10, 15, 20, 25, 30 year level (fixed) term for the four main health classification classes, Preferred Plus, Preferred, Standard Plus and Standard.
Sample Rates for $50k 10-Year Term
Below are the sample monthly rates for a $50,000 10-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $7 | $8 | $8 | $8 |
| 30 | $7 | $8 | $8 | $8 |
| 35 | $7 | $8 | $10 | $10 |
| 40 | $8 | $9 | $11 | $12 |
| 45 | $10 | $12 | $14 | $16 |
| 50 | $12 | $15 | $20 | $21 |
| 55 | $18 | $21 | $25 | $29 |
| 60 | $28 | $33 | $42 | $43 |
| 65 | $44 | $52 | $70 | $72 |
| 70 | $71 | $85 | $117 | $121 |
| 75 | $124 | $150 | $169 | $169 |
Sample Rates for $50k 15-Year Term
Below are the sample monthly rates for a $50,000 15-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $7 | $8 | $9 | $9 |
| 30 | $7 | $8 | $8 | $8 |
| 35 | $7 | $8 | $10 | $10 |
| 40 | $8 | $9 | $11 | $12 |
| 45 | $10 | $12 | $16 | $16 |
| 50 | $12 | $15 | $20 | $21 |
| 55 | $18 | $21 | $25 | $29 |
| 60 | $28 | $33 | $42 | $43 |
| 65 | $44 | $52 | $70 | $72 |
| 70 | $71 | $85 | $117 | $121 |
| 75 | $124 | $150 | $169 | $219 |
Sample Rates for $50k 20-Year Term
Below are the sample monthly rates for a $50,000 20-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $8 | $9 | $9 | $9 |
| 30 | $8 | $9 | $9 | $9 |
| 35 | $8 | $9 | $12 | $12 |
| 40 | $9 | $11 | $15 | $15 |
| 45 | $13 | $15 | $21 | $21 |
| 50 | $18 | $21 | $29 | $29 |
| 55 | $28 | $33 | $42 | $42 |
| 60 | $46 | $58 | $67 | $67 |
| 65 | $83 | $92 | $113 | $113 |
| 70 | NA | NA | NA | NA |
| 75 | NA | NA | NA | NA |
Sample Rates for $50k 25-Year Term
Below are the sample monthly rates for a $50,000 25-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $10 | $12 | $12 | $12 |
| 30 | $11 | $12 | $12 | $12 |
| 35 | $11 | $12 | $13 | $13 |
| 40 | $14 | $16 | $17 | $17 |
| 45 | $19 | $21 | $26 | $26 |
| 50 | $28 | $31 | $36 | $36 |
| 55 | $45 | $50 | $57 | $57 |
| 60 | $79 | $83 | $83 | $83 |
| 65 | NA | NA | NA | NA |
| 70 | NA | NA | NA | NA |
| 75 | NA | NA | NA | NA |
Sample Rates for $50k 30-Year Term
Below are the sample monthly rates for a $50,000 30-year level term life insurance policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $10 | $12 | $13 | $13 |
| 30 | $11 | $12 | $14 | $14 |
| 35 | $12 | $14 | $15 | $15 |
| 40 | $15 | $17 | $21 | $21 |
| 45 | $20 | $26 | $28 | $28 |
| 50 | $30 | $38 | $42 | $42 |
| 55 | $56 | $64 | $65 | $70 |
| 60 | NA | NA | NA | NA |
| 65 | NA | NA | NA | NA |
| 70 | NA | NA | NA | NA |
| 75 | NA | NA | NA | NA |
Sample Rates for $50k 10-Year Term No Medical Exam
Below are the sample monthly rates for a $50,000 no medical exam 10-year level term life insurance no medical exam policy for the four main health classes.
| Age | Preferred Plus | Preferred | Standard Plus | Standard |
|---|---|---|---|---|
| 25 | $7 | $8 | $8 | $8 |
| 30 | $7 | $8 | $8 | $8 |
| 35 | $7 | $8 | $10 | $10 |
| 40 | $8 | $9 | $11 | $12 |
| 45 | $10 | $12 | $14 | $16 |
| 50 | $12 | $15 | $20 | $21 |
| 55 | $18 | $21 | $25 | $29 |
| 60 | $28 | $33 | $42 | $43 |
| 65 | $44 | $52 | $70 | $72 |
| 70 | $71 | $85 | $117 | $121 |
The rates in the tables above are from some of the nation’s top life insurance companies: Pacific Life, Protective Life and Transamerica To see how much a $50k 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 $50k term life insurance policy are affordable if you select the right carrier based on 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
Are Life Insurance Proceeds Taxed?
Life insurance proceeds are generally income take free, unless the insured is subject to estate taxes
How Much Is $50k Term Life Insurance?
Rates range from $7 month to $294 month, depending on age, term and health class.
Is a Medical Exam Required?
It will depend on the insurance company, your age, policy type and last time you had a checkup.
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 Clas
Keep Reading:
- How Much is a $100,000 Term Life Insurance Policy?
- How Much Does A $150k Life Insurance Policy Cost?
- 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
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- Pacific Life Insurance Review 2023
- Life Insurance Over 50 No Medical Exam- Up to $3 Million Level Term Policy