Primerica Term Life Insurance Rates by Age Chart 2024

Primerica life insurance rates 2024

Are you looking to compare Primerica’s term life insurance rates to the term life insurance rates of their top competitors?

Great! You came to the right place.              

In this article, we’ll show you a chart with Primerica’s term life insurance rates by age as well as a chart with the rates from Primerica’s top competitors for term life insurance.

This will help you in choosing which life insurance company is the best for you and your family.

Primerica: Term Life Insurance Rates by Age Chart

The chart below shows the monthly rates (quotes) for a Primerica term life insurance policy for a healthy, non-smoker, male at the Preferred health class for a 20-year term policy.

Age$250,000 coverage$500,000 coverage$1,000,000 coverage
18$24.94 $38.48 $69.83
19$24.94 $38.48 $69.83
20$24.94 $38.48 $69.83
21$24.94 $38.48 $69.83
22$24.94 $38.48 $69.83
23$24.94 $38.48 $69.83
24$24.94$38.48 $69.83
25$24.94$38.48$69.83
26$24.94$38.48$69.83
27$24.94$38.48$69.83
28$24.94$38.48$69.83
29$24.94$38.95$70.78
30$25.41$39.90$72.68
31$25.65$40.85$74.58
32$26.13$41.80$76.48
33$26.60$43.23$79.33
34$27.08$44.18$81.23
35$27.79$45.13$83.13
36$28.98$46.55$85.98
37$30.16$48.93$90.73
38$31.59 $51.78 $96.43
39$32.78 $54.15 $101.18
40$33.73$56.53$105.93
41$35.39$59.85$112.58
42$37.53$63.65$120.18
43$40.14$70.30$133.48
44$43.46$76.95$146.78
45$46.55$83.60$160.08
46$50.59$89.78$172.43
47$55.34 $98.33 $189.53
48$60.56 $108.78 $210.43
49$65.79$118.75$230.38
50$71.25$130.15$253.18
51$76.95$141.08$275.03
52$82.89$152.95$298.78
53$89.06$165.30$323.48
54$96.43$179.55$351.98
55$104.74$195.23$383.33
56$113.76$213.28$419.43
57$124.45$234.18$461.23
58$137.75$259.35$511.58
59$154.61$292.13$577.13
60$175.75$332.98$658.83
Primerica term life insurance rates by age chart

Date of birth used is 3/1. Rates as of 3/15/2024. Primerica Custom Advantage Series term product.

Primerica Term Life Insurance Rate Comparison Calculator. Determine how much term life insurance you need, how long to lock in the rate and see instant price quotes online from top life insurance companies.
Determine how much term life insurance you need, how long to lock in your rate and see instant price quotes for free online from top life insurance companies.

Primerica Competitors: Term Life Insurance Rates by Age Chart

The charts below shows the monthly term life insurance rates (quotes) for some of Primerica’s top competitors for male and female for ages: 30, 35, 40, 45 and 50 at the Preferred Plus, Preferred, Standard Plus and Standard health classes for a 20-year term policy. Rates are from A+ (Superior) rated insurance companies: Banner Life, Protective Life and Pacific Life.

Banner Life Insurance Company

The chart below shows the monthly term life insurance rates (quotes) for Banner Life Insurance Company for the top four health classes, Preferred Plus, Preferred, Standard Plus and Standard. Rates below are for a 30-year old male for a 20-year level term policy.

Policy Face AmountPreferred PlusPreferredStandard PlusStandard
$100,000$9$10$14$13
$250,000$12$15$18$20
$500,000$19$23$29$35
$1,000,000$29$40$51$58
Banner Life term rates by age chart

Protective Life Insurance Company

The chart below shows the monthly term life insurance rates (quotes) for Protective Life Insurance Company for the top four health classes, Preferred Plus, Preferred, Standard Plus and Standard. Rates below are for a 35-year old female for a 20-year level term policy.

Policy Face AmountPreferred PlusPreferredStandard PlusStandard
$100,000$9$9$13$13
$250,000$12$14$20$20
$500,000$18$22$33$33
$1,000,000$30$38$56$56
Protective Life term rates by age chart

Pacific Life Insurance Company

The chart below shows the monthly term life insurance rates (quotes) for Banner Life Insurance Company for the top four health classes, Preferred Plus, Preferred, Standard Plus and Standard. Rates below are for a 40-year old female for a 20-year level term policy.

Policy Face AmountPreferred PlusPreferredStandard PlusStandard
$100,000$9$11$15$15
$250,000$15$18$22$25
$500,000$24$29$38$43
$1,000,000$40$51$70$78
Pacific Life term rates by age chart

Life insurance rates for males rates are higher than for females at the same age since females statistically have a longer life expectancy.

Date of birth used is 3/21. Rates for a non-smoker. Rates as of 3/1/2024

Primerica Life Insurance Premiums vs. Pacific Life vs. Protective Life vs. Banner Life vs. Lincoln Financial vs. AIG vs

The table below compares the term life insurance rates between: Primerica vs. Protective Life vs. Banner Life vs. Pacific Life vs. Lincoln Financial vs. AIG vs. State Farm vs. Ethos vs. New York Life for: $250k, $500k, $750k and a $1 million policy. Rates for a 50 year old male at the Preferred health class.

CompanyRating$250k$500k$750k$1 million
Protective LifeA+$44$83$121$157
Banner LifeA+$44$83$120$157
Pacific LifeA+$44$83$122$157
Lincoln FinancialA$48$88$129$189
AIGA$44$83$122$157
PrimericaA+$71$130$191$253
Primerica rate chart vs Banner Life vs Protective Life vs Pacific Life vs AIG vs Lincoln National

Rates for a 20-year term Preferred health class for a male, non-smoker- D.O.B. 3/1/1974. Rates current as of 3/10/2024

Primerica Facts and Statistics

  • Founded: 1977
  • Financial rating: “A+ Superior”
  • J.D. Power Rating: 784
  • Customers Insured: 5.7 million
  • Term life insurance in force 2022: $917 billion
  • Death claims paid daily 2022: $5.3 million
  • Licensed life-licensed representatives: 141,572

Sources: Primerica.com, Businesswire

Primerica Life Insurance Plans

Custom Advantage Series

The Custom Advantage Series has scheduled level premiums for an initial period of either: 10, 15, 20, 25, 30, or 35 years. After this initial period, premiums automatically increase every five years before attained age 70 and every year after attained age 70 until age 95, when coverage expires.

Custom Advantage 35– Primerica’s longest level term premium period product. The premiums are guaranteed and level (fixed) for the initial 35 years. Available issue ages: 18-45.

Custom Advantage 30– The initial premiums are guaranteed and level (fixed) for 20 years. Available issue ages: 18-50.

Custom Advantage 25– The initial premiums are guaranteed and level (fixed) for 25 years. Available issue ages: 18-55.

Custom Advantage 20– The initial premiums are guaranteed and level (fixed) for 20 years. Available issue ages: 18-60.

Custom Advantage 15– The initial premiums are guaranteed and level (fixed) for 15 years. Available issue ages: 18-65.

Custom Advantage 10– The initial premiums are guaranteed and level (fixed) for 10 years. Available issue ages: 18-70.

TermNow Series

TermNow Series (no exam life insurance) has scheduled level premiums for an initial period of either: 10, 15, 20, 25, 30, or 35 years. After this initial period, premiums automatically increase every five years before attained age 70 and every year after attained age 70 until age 95, when coverage expires.

TermNow 35– Primerica’s longest level premium period product. The initial premiums are guaranteed and level (fixed) for 35 years. Available issue ages: 18-45.

TermNow 30– The initial premiums are guaranteed and level (fixed) for 30 years. Available issue ages: 18-50.

TermNow 25– The initial premiums are guaranteed and level (fixed) for 25 years. Available issue ages: 18-55.

TermNow 20– The initial premiums are guaranteed and level (fixed) for 20 years. Available issue ages: 18-60.

TermNow 15– The initial premiums are guaranteed and level (fixed) for 15 years. Available issue ages: 18-65.

TermNow 10– The initial premiums are guaranteed and level (fixed) for 10 years. Available issue ages: 18-70.

Primerica Custom Advantage Series vs TermNow Series

Primerica’s Custom Advantage Series has lower rates than the TermNow series. This is because the Custom Advantage product offers a possible Preferred Plus and Preferred non-tobacco and tobacco health classes while TermNow offers Select and tobacco or non-tobacco rates.

TermNow

  • TermNow has three plans or health classes- Select, Non-tobacco. Tobacco.
  • TermNow offers coverage up to $300,000 and typically doesn’t require a medical (paramed) exam.
  • Select health class is available for TermNow $150,000 minimum coverage amount.

Custom Advantage

  • Custom Advantage term product has four available plans or health classes: Preferred Plus, Preferred, Non-tobacco, Tobacco.
  • Custom Advantage term product requires the medical (paramed) exam.
  • Custom Advantage term product goes up to $9 million + coverage amount.
  • The Preferred Plus and Preferred health class are only available at $150,000 or higher coverage amount.

Primerica’s Term Life Insurance Is Commonly Used For:

  • Family Protection
  • Debt Protection
  • Income Replacement
  • Final Expenses
  • Estate Planning
  • Buy-Sell Agreement
  • Business Protection
  • SBA Loan
  • Employer (Key Man, Key Person) Coverage

Primerica Term Life Insurance Underwriting

Primerica’s term life insurance underwriting can be more strict than other A+ Superior rated term life insurance companies.

For example, take a look at other A+ rated life insurance companies and their underwriting guidelines.

  • Pacific Life Insurance Company has a very favorable build chart. For example, Pacific Life allows an applicant the Preferred Best health class with a build (height/weight) of 5’10” 209 lbs or another example is 6’00 221 lbs with a (BMI) of≤ 33 is still eligible for the best health class.
  • Lincoln Financial allows total cholesterol up to 300 (HDL ratio 5.0 or less) and still qualify for the Preferred Plus health class.
  • Lincoln Financial offers the Preferred health class after 24 months (2 years) of quitting smoking cigarettes and the Preferred Plus health class after just 36 months (3 years).
  • Banner Life offers a standard plus health class for diabetics that were diagnosed age 50 and over with an A1c of less than 7.
  • Pacific Life, Banner Life, Lincoln Financial and Protective Life- Preferred Best rate class available on a blood pressure medication, as long at it is well-controlled.
  • Preferred Plus and Preferred rates are also possible from A+ rated companies for: Anxiety/depression, sleep apnea, no-medical exam, high cholesterol, travel, multiple moving violations for driving, avocations such as scuba diving and piloting private plane.
  • Non-tobacco rates are available from top A and A+ rated life insurance companies such as: Prudential and Lincoln Financial for: smokeless tobacco, chewing tobacco, dip, unlimited cigars, pipes and even marijuana.

Spouse Conversion

Primerica does have a unique and positive spouse conversion option.

An existing spouse of an active policy can move his or her coverage to a new policy for an equal face amount due to divorce or death. The conversion must be made within 30 days after the date of death or removal from the spouse policy due to divorce.

What Happens At The End Of The Term With Primerica?

Similar to other term life insurance companies, Primerica will typically mail a package approximately 60 days prior to the coverage’s anniversary date and is designed to provide the insured with information regarding their existing coverage and some pre-selected exchange options. This package has been personalized to take into consideration current age, classification, and existing benefits.

Does Primerica Life Insurance Payout Claims?

Yes. Primerica paid out $2.1 billion in life insurance death claims to clients’ families in 2021 alone. Primerica pays an average of $4 million in life insurance claims to families to everyday. 90% of claims were paid within 14 days.

Bottom Line

Primerica is a highly rated term life insurance company with an A+ Superior financial rating from A.M. Best and a company you and your family can depend on to pay out a valid claim.

However, as you can see in our Primerica Term Life Insurance Rates by Age Chart above, Primerica’s term life insurance rates are typically more expensive than those of their competitors, as see above in Primerica’s Competitors: Term Life Insurance Rates by Age Chart.

There are many other A+ Superior rated life insurance companies that typically offer much lower rates and premiums. Some of the nation’s largest term life insurance companies with an A+ Superior rating (same as Primerica) are: Banner Life, Pacific Life, Protective Life and Lincoln Financial to name a few.


FAQ

Does Primerica have whole life insurance?

No, Primerica offers term life insurance, they do not offer whole life insurance. Primerica was founded in 1977 by Art Williams and was originally called A.L. Williams & Associates, later named Primerica in 1981. Primerica lead the “buy term and invest the difference” movement in the 70’s, 80’s, 90’s and still today. In fact, in their early years, the company was on a “crusade” for customers to buy term life insurance at a time when most people purchased and were sold whole life insurance.


Is Primerica life insurance any good?

Primerica is a highly rated and trusted life insurance company. However, their rates (premiums) are typically much higher than other A+ rated life insurance companies.


Is Primerica life insurance worth it?

Term life insurance is a very important financial product designed to replace future income and cover debts if in the event of a premature death. Primerica is one of the largest term life insurance companies in the country and has an excellent track record of paying out all valid claims in a timely manner. Primerica is also A+ (Superior) rated by A.M. Best is a company your family can depend on. A drawback to Primerica is the cost of their term life insurance products. For most, their premiums are typically more expensive than those of their competitors. For this reason, it’s important to compare rates from Primerica as well as other A+ rated term life insurance companies and choose the best company for you. This is the best way to answer the question if Primerica life insurance is worth it for you.


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