The Average Rate for a 25-Year Term Life Insurance Policy
The best way to make sure you’re receiving the life insurance coverage you need at a price you can afford is by comparing rates. We can help you better understand how the average rate for a 25-year term life insurance policy is calculated in addition to providing multiple quotes from some of the most trusted insurance companies in just minutes.
What are life insurance premiums based on?
Life insurance premiums are usually based on the factors making up your “risk profile,” and typically include:
- General health
- Unhealthy habits, such as smoking and drinking.
Some life insurance calculators may also ask about your geographic location, family health history, hobbies and even driving violations. In addition to these factors, the type of policy you’re looking to purchase, the length and benefit amount can also impact the price you pay. A 25-year term life insurance policy will likely cost more than a 20-year term life insurance policy for the same benefit amount, but would likely cost less than a 30-year policy.
We can help you keep all of the above factors in mind as you shop around for life insurance, making sure the cost of your life insurance policy is the best available to you.
How much does a 25-year term life insurance policy cost?
It’s hard to pin down what the average 25-year term life insurance policy might cost, as premiums are based on the individual factors included above. That being said, the cost of term life insurance policies are often more affordable than you would think.
Generally, the younger and healthier you are, the more likely you’ll be able to find a lower 25-year term life insurance rate. The cost of life insurance coverage increases as you age, so the best time to buy life insurance is always right now; when you’re the youngest and likely the healthiest.
The best way to find out how much a 25-year term life insurance policy will cost you is to let us help. We can help you compare coverage and rates from some of the most trusted companies in the industry, finding you the right coverage, right carrier and right price available to you.
Can I change my policy later?
Although your 25-year term life insurance policy lasts for 25 years, you probably understand the reality that much can change during that period of time. If there comes a point where you’re wondering whether your 25-year term life insurance policy is still the right fit, don’t be afraid to re-evaluate your life insurance needs and make necessary adjustments.
Maybe you’ve had another baby or a new mortgage, or maybe you’ve started leading a healthier lifestyle that could potentially help decrease your premium cost. Or perhaps you’ve simply noticed a decrease in rates across the industry. It’s typically in your benefit to re-shop both your coverage and rates to make sure you’re still getting the best available to you and we can help you do so.
There’s no need to stay locked into your current life insurance rate if there are lower prices available or your coverage needs change. We can help you re-shop your coverage and rates at any time, ensuring you feel confident that you’re getting the coverage you need at a price you can afford.
Let SelectQuote Help
Buying life insurance can be one of the biggest decisions you’ll make to protect your family’s financial future. At SelectQuote, we have helped millions of families find the coverage they need at a rate they can afford and we can help you, too. In just minutes, we can compare coverage and rates from some of the most trusted insurance carriers in the industry.