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$10,000 Life Insurance [With Sample Rates by Age]

10000 life insurance

Are you considering purchasing a small burial life insurance policy to protect yourself or a loved one, but unsure of the cost? Don’t worry, we’ve got you covered!

However, it’s important to note that not all $10,000 life insurance policies are created equal. Many policies come with provisions and exclusions that are often overlooked by shoppers who prioritize price over coverage.  To help you make an informed decision, we want to discuss the common definitions, provisions, and exclusions that you may encounter when shopping for the best $10,000 life insurance policy.

By understanding these details, you will be better prepared to determine which policy and company is right for you.

So, let’s dive right in…

The first thing that you’re going to want to know about most “$10,000 life insurance policies” is that most of them are going to be considered “final expense and burial insurance“policies, which means that some may have some “characteristics” that differ from a traditional term or whole life insurance policy or your standard no medical exam life insurance policy.

This is why…

You’re going to want to make sure that ANY small $10,000 dollar life insurance policy is going to have:

  • Lifetime coverage,
  • Fixed premiums,
  • Guaranteed cash value growth,
  • And a guaranteed death benefit.

Because the worst thing you could do is to automatically apply for coverage with the lowest-priced carrier without fully understanding what they are offering.

$10,000 Life Insurance Rates

You can scroll down or simply click on the age group your interested in to view the $10,000 whole life insurance rates by age.

The following sample quotes are for informational purposes only. All life insurance rates are subject to change.

All premium quotes are for a $10,000 whole life insurance policy, with fixed premiums, guaranteed death benefit, and guaranteed cash value growth.

$10,000 Whole Life Insurance Rates ages 20-45

All whole life premiums shown below are fixed and will not increase.


$10,000 Whole Life Insurance Rates ages 50-59

All whole life rates shown below are fixed and will stay the same for your lifetime.

AgeLevel BenefitGraded BenefitGuaranteed Issue

$10,000 Whole Life Insurance Rates ages 60-69

All whole life quotes shown below are guaranteed to stay the same for your lifetime.

AgeLevel BenefitGraded BenefitGuaranteed Issue

$10,000 Whole Life Insurance Rates ages 70-79

All whole life insurance quotes shown below are guaranteed to stay the same for your lifetime.

AgesLevel BenefitGraded BenefitGuaranteed Issue

$10,000 Whole Life Insurance Rates ages 80-85

All whole life insurance rates shown below are fixed for life and will not increase.

AgesLevel BenefitGraded BenefitGuaranteed Issue

So now that you have a better idea of how much you can expect to pay for a $10,000 life insurance policy, let’s go over some important language you will come across when deciding on the best policy for you.

Level, Graded, and Guaranteed Issue

There are three different categories of final expense insurance policies: level, graded and guaranteed issue. Ideally, we prefer to put our clients into level benefit policies. However, that may not always be possible. So let’s take a look at all three below.

Level Benefit

Level benefit whole life insurance is final expense insurance that pays out the full death benefit from day one the policy is placed in force. And the full death benefit is paid out no matter if the death is due to natural causes or an accident.

Level benefit policies are the best option but you have to be in relatively good health to qualify for this type of coverage. For those who have some health issues, there are some other options available.

Graded Benefit

Graded benefit life insurance is coverage that pays out a percentage of the death benefit in the first 2 or 3 years of the policy for natural causes.

For example, year one may pay out 50% of the death benefit and year two would pay out 75% of the death benefit, with the full death benefit being paid in year 3 onward.

Death due to an accident pays out 100% from the policy inception.

Graded benefit policies are going to be for someone that has some more serious health issues and cannot qualify for a level benefit policy. The good news is that the team here at IBUSA works with many excellent companies that offer affordable graded benefit policies.

Guaranteed Issue

Guaranteed issue life insurance has a two or three year graded death benefit, where the policy will only provide a return of premium, plus a percentage on top, around 8-10% depending on the carrier.

So, if you have paid $50 premiums for a year and then you die, your beneficiary would receive the entire amount of premiums ($600) plus an additional 10% ($60) for a total death benefit payout of $660, minus any fees or costs.

Death due to an accident pays out 100% from the policy inception.

Guaranteed issue life insurance is for someone that due to some serious health issues has been unable to find any coverage. The good news is that we at IBUSA have a handful of different companies that we can offer you.

Confused yet?

Well ,if so, don’t worry about it.  The purpose of this article wasn’t to make you an expert, it was just to get you thinking about what questions you ought to have before you decide to apply for coverage, and to show you that we can help you make the best decision.

This way…

Once you make your decision, you’ll know that you’re applying for the “right” life insurance policy at the right price!

So what are you waiting for?  Just give us a call and let us show you what we can do for you!

2 comments… add one
  • Diana January 24, 2022, 9:18 am

    I have tried twice to talk to someone about my policy and when calling Colonial Life at their 800 number have been given twice an ‘agent contact’ phone number only for it to go to voice mail both times and no call back. Also, these agents were not in my local area and so I looked up another close to me but cannot find the phone number to contact them hoping that they get back to me to discuss my policy and perhaps changing it. I have been paying on my policy since 2007, price keeps going up because of my age of course but feel I have overpaid now and would like options or to cancel my policy. Would love to hear from someone that can help.

    • IBUSA January 24, 2022, 10:54 am


      Since we did not assist you with setting up your policy, we here at IBUSA would not have any information regarding your policy. Our recommendation would be to continue to try and contact Colonial Life using the contact information provided on this link: https://www.coloniallife.com/individuals/Policyholder-Support

      Best wishes,


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