How Much Does A $50k Term Life Insurance Policy Cost?
Posted in Life Insurance Face Amount last updated on July 10, 2024A $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.
Who Are The Best Life Insurance Companies for A $50k Term Life Policy?
Below are several of the best life insurance companies insurance companies in America that offer a $50k level term life policy.
- AAA Life
- Assurity Life
- Cincinnati Life
- Fidelity Life
- Illinois Mutual
- Pacific Life
- Transamerica
Pro Tip: The majority of life insurance companies start their term life insurance policies at $100,000. For many, the $100k coverage amount will be about the same price or even less expensive than a $50k term policy since there is a price break at $100k. We recommend to compare rates for both and choose the best policy for you.
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 – Resource Center
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. The majority of companies do not require a medical exam for $50k in term coverage.
What Terms Are Avaialbe for A $50k Policy?
The terms available for a $50k policy are: 10, 15, 20, 25 and 30 year level (fixed) duration.
Which Life Insurance Companies Have The Best Rates for A $50k Term Life Policy?
The life insurance companies that have the best rates for a $50,000 level term life policy are: Pacific Life, Assurity Life, AAA Life, Transamerica Life, Cincinnati Life, Illinois Mutual and Fidelity Life.
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
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 2024
- Primerica Life Insurance Rates by Age Chart 2024
- 10 vs 15 vs 20 vs 25 vs 30 Year Term Life Insurance
- A+ Rated Life Insurance Companies 2024
- Pacific Life Insurance Review 2024
- Life Insurance Over 50 No Medical Exam- Up to $3 Million Level Term Policy
