To get the best term life insurance rates it often pays to apply with a broker that can offer dozens of companies, so that you can choose the provider that best aligns with your needs, goals and objectives.
Further, different top life insurance companies cater to different health and lifestyle niches, so applying with the company most friendly to your specific health or lifestyle can greatly increase your chances of qualifying for the best health class rating.
This article covers ways to qualify for the best 250,000 life insurance rates. But the bottom line is don’t sell your self short when shopping for the most affordable life insurance.
The key to getting the best policy and the best rates is to shop life insurance with a broker who can align you with the right company, for you, based on your unique need, health and lifestyle, a broker like IBUSA.
$250,000 Term Life Insurance Rates
The best 250,000 term life insurance rates are listed below. These quotes are form top rated life insurance companies, are subject to change, and must be qualified for.
| 250,000 | 10 Year Term | 15 Year Term | 20 Year Term | 30 Year Term |
|---|---|---|---|---|
| Age 20 | $9.77 | $10.19 | $12.51 | $18.04 |
| Age 30 | $9.77 | $10.38 | $12.69 | $18.77 |
| Age 40 | $11.89 | $13.08 | $17.03 | $28.66 |
| Age 50 | $24.17 | $31.26 | $39.33 | $68.68 |
| Age 60 | $59.11 | $77.74 | $77.74 | N/A |
| Age 70 | $178.86 | $251.59 | $409.53 | N/A |
| 250,000 | 10 Year Term | 15 Year Term | 20 Year Term | 30 Year Term |
|---|---|---|---|---|
| Age 20 | $8.53 | $9.33 | $11.03 | $14.97 |
| Age 30 | $8.71 | $9.68 | $11.24 | $16.10 |
| Age 40 | $10.86 | $12.67 | $15.27 | $23.59 |
| Age 50 | $20.78 | $23.95 | $30.44 | $52.10 |
| Age 60 | $41.50 | $53.55 | $76.13 | N/A |
| Age 70 | $109.97 | $155.87 | $349.13 | N/A |
$250,000 Whole Life Insurance
The best $250,000 whole life insurance rates are listed below based on a preferred plus rate class. These quotes are from A- rated carriers and better, are subject to change, and must be qualified for.
| Age | Male | Female |
|---|---|---|
| 20 | $132 | $132 |
| 25 | $156 | $156 |
| 30 | $188 | $188 |
| 35 | $230 | $230 |
| 40 | $278 | $278 |
| 45 | $350 | $349 |
| 50 | $429 | $429 |
| 55 | $549 | $549 |
| 60 | $700 | $700 |
| 65 | $1019 | $912 |
| 70 | $1359 | $1255 |
| 75 | $1868 | $1788 |
| 80 | $2801 | $2428 |
Which $250,000 Life Insurance Policy is Best for Me?
Term life insurance is the lowest cost policy available. It is ideal for anyone on a budget that is looking to secure coverage, but only has a little wiggle room in their budget to work with.
A term life policy can be set up with a term that extends:
- annually,
- 5 years,
- 10 years,
- 15 years,
- 20 years,
- 25 years,
- 30 years,
- 35 years and
- 40 year term life insurance
The huge benefit of term life insurance besides being the lowest cost option is that you can tailor a term policy to meet specific objectives, such as your home mortgage, or when your youngest child should finish up college.
Whole life insurance is more expensive than term, but it offers cash value accumulation, which provides a great nest egg further down the road.
Initially with a whole life policy, you get a leveraged death benefit that pays out to your beneficiary if you die prematurely.
Overtime, the cash value growth in your whole life insurance policy can act as a retirement income supplement.
Which type of life insurance is ideal for you will be dependent on many factors, including your budget, your need, and how long you want coverage.
If you would like to talk to a life insurance professional about the different choices avaialble, please give us a call for a complimentary strategy session.
