$650,000 Term Life Insurance Cost
A $650,000 term life insurance policy provides insurance coverage for a certain
period of time, or a term. The term can range from one year, such as annually renewable term insurance, or up
to 40 years of continuous coverage. When shopping for rates on a $650,000 term life insurance policy, you must
also consider which term length is best for your particular needs. Keep in mind that the longer the term, the
higher the rates will be, but you will also have continuous coverage for a longer period of time.
How Much Does A $650,000 Term Life Insurance Policy Cost?
Here are some sample rates for a $650,000 term life insurance policy. These rates are based on a non-smoker with
a preferred health rating. Your rate may be higher or lower depending on your health, your smoking status, and
which company you choose.
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10 Year Term
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20 Year Term
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30 Year Old Male |
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$309 / Year
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$452 / Year
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30 Year Old Female |
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$205 / Year
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$329 / Year
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40 Year Old Male
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$563 / Year
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$849 / Year
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40 Year Old Female
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$413 / Year
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$654 / Year
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50 Year Old Male
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$1,258 / Year
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$2,123 / Year
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50 Year Old Female
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$862 / Year
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$1,414 / Year
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60 Year Old Male
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$2,560 / Year
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$5,405 / Year
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60 Year Old Female
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$1,765 / Year
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$3,507 / Year
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Rates for term life insurance are very affordable because it is temporary coverage. This type of
coverage fits the budget and goals for many situations. If you need a permanent policy then you may want to
consider whole life insurance. For comparison purposes, you can also view sample rates for a $650,000 whole life insurance policy. If you are unclear about the
different between these coverage types, then please read term life vs whole
life.
$650,000 Term Life Insurance - What If I Have Health Issues?
If you have some minor health issues, such as high blood pressure or high cholesterol, and it is controlled well
with medication, then you should have no problem getting approved for a $650,000 term life insurance policy. If you
have some more serious health problems such as a recent heart attack, cancer treatment, or diabetes, then you want
to be sure that you carefully choose which company that you apply for. This is important because all carriers have
different criteria and some companies will charge much more or even decline a policy based on certain health
issues, while other companies may approve you with a more affordable rate.
$650,000 Term Life Insurance - Compare Rates Today
The first step is to shop around. Rates can vary by as much as 70% from one
company to another so it definitely pays to compare multiple rates from several different carriers. Get a free no
obligation quote today and compare multiple rates for a $650,000 term life
insurance policy.
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