Primerica Term Life Insurance Rates by Age Chart 2021

Primerica Term Life Insurance Rates by Age Chart 2021

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$72.69
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

Date of birth used is 3/1. Rates as of 8/20/2021. Primerica Custom Advantage Series term product.

Primerica Competitors: Term Life Insurance Rates by Age Chart

The chart below shows the monthly term life insurance rates (quotes) for Primerica’s top competitors, for a healthy, non-smoker, male at the Preferred health class for a 20-year term policy. Rates are from A+ (Superior) rated insurance companies: Pacific Life, Protective Life, Banner Life, Principal and Lincoln Financial and A (Excellent) rated carriers AIG and Transamerica.

Age$250,000 coverage $500,000 coverage $1,000,000 coverage
18$15.16$23.92$40.54
19$15.16$23.92$40.54
20$15.16$23.92$40.54
21$15.16$23.92$40.54
22$15.16$23.92$40.54
23$15.16$23.92$40.54
24$15.16$23.92$40.54
25$15.16$23.92$40.54
26$15.26$24.27$41.26
27$15.26 $24.39$41.50
28$15.26$24.52$41.77
29$15.26$24.68$42.05
30$15.26$24.80$42.05
31$15.71$25.07$42.98
32$15.85$25.30$43.35
33$15.96$25.55$43.70
34$15.96$25.88$44.43
35$16.00$26.01$45.30
36$16.72$27.66$47.96
37$17.45$27.17$50.78
38$19.11$31.36$55.23
39$19.61$33.48$58.76
40$20.92$35.90$64.01
41$22.63$38.58$70.99
42$24.52$42.14$77.53
43$26.55$46.24$84.59
44$28.66$50.53$94.49
45$31.02$54.95$103.60
46$33.36$59.77$113.46
47$36.02$65.00$122.23
48$38.90$70.67$134.01
49$41.95$76.72$145.91
50$45.41$83.77$159.42
51$49.31$91.00$174.89
52$53.62$99.44$191.99
53$58.86$110.39$213.64
54$64.92$121.21$234.96
55$71.57$134.66$257.14
56$78.35$148.70$290.19
57$86.08$164.58$322.03
58$96.42$183.98$357.25
59$106.80 $204.50 $398.42
60$119.81$227.81$448.73

Date of birth used is 3/1. Rates as of 8/20/2021

Primerica Life Insurance Premiums vs. Pacific Life vs. Protective Life vs. Banner Life vs. Lincoln Financial vs. AIG vs State Farm vs. Ethos vs. New York Life

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 on a 20- year level term.

CompanyRating$250k$500k$750k$1 million
Protective LifeA+$38.90$71.22$104.06$133.80
Banner LifeA+$38.90$71.42$104.57$133.86
Pacific LifeA+$38.92$71.43$104.59$134.23
Lincoln FinancialA+$40.59$72.25$104.50$135.43
AIGA$40.80$73.10$106.91$135.08
State FarmA++$50.02$90.94$133.37$169.69
New York LifeA++$55.80$106.26$156.64$200.16
Ethos LifeA+$58.00$103.00$151.00$199.00
PrimericaA+$60.09$108.30$158.89$209.48

Rates for a 20-year term Preferred Plus health class- D.O.B. 4/1/1971

*Ethos Life is a no exam application process. They represent A+ and A rated carriers, average credit or better used as methodology on drop-down

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+ 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.

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, Protective Life, Pacific Life, Lincoln Financial, Principal National 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.


Where can I get instant Primerica term life insurance quotes?

You can receive instant Primerica term Life Insurance quotes here. Just change the ‘Minimum Life Company Rating’ to A+ Superior and enter your basic information, no personal contact information is asked and it will return the rates from all the top A+ rated life insurance companies including Primerica.


Is Primerica life insurance worth it?

Life insurance is a very important financial product designed to replace future income or cover debts if someone to were pass away unexpectedly. Primerica is one of the largest term life insurance companies in the country. They are A+ rated and pay out valid claims. However, their premiums are typically more expensive than those of their competitors. 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.


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