Cost of Whole Life vs Term Life Insurance
In the table below we’ve compared the cost of $100,000 of whole life insurance to the cost of a $100,000, 30-year level term for an individual in “preferred” or slightly above average health.
Male – $100,000 Whole Life Vs. $100,000 Term
| Age |
Whole Life |
Term Life |
Annual Savings |
Savings After 30 Years |
| 20 |
$143.29 |
$10.59 |
$1,569.96 |
$47,098.80 |
| 25 |
$144.59 |
$10.90 |
$1,585.56 |
$47,566.80 |
| 30 |
$148.60 |
$12.99 |
$1,627.32 |
$48,819.60 |
| 35 |
$163.73 |
$13.73 |
$1,800.00 |
$54,000.00 |
| 40 |
$188.27 |
$17.52 |
$2,049.00 |
$61,470.00 |
| 45 |
$226.03 |
$26.29 |
$2,396.88 |
$71,906.40 |
| 50 |
$271.00 |
$38.33 |
$2,792.04 |
$83,761.20 |
| 55 |
$329.64 |
$67.21 |
$3,149.16 |
$94,474.80 |
| 60 |
$407.77 |
N/A |
N/A |
N/A |
Female – $100,000 Whole Life Vs. $100,000 Term
| Age |
Whole Life |
Term Life |
Annual Savings |
Savings After 30 Years |
| 20 |
$131.28 |
$10.31 |
$1,451.64 |
$43,549.20 |
| 25 |
$132.59 |
$10.31 |
$1,467.36 |
$44,020.80 |
| 30 |
$135.37 |
$11.23 |
$1,489.68 |
$44,690.40 |
| 35 |
$146.16 |
$12.16 |
$1,608.00 |
$48,240.00 |
| 40 |
$164.78 |
$15.29 |
$1,793.88 |
$53,816.40 |
| 45 |
$191.83 |
$20.60 |
$2,054.76 |
$61,642.80 |
| 50 |
$221.41 |
$29.93 |
$2,297.76 |
$68,932.80 |
| 55 |
$259.69 |
$47.08 |
$2,551.32 |
$76,539.60 |
| 60 |
$315.03 |
N/A |
N/A |
N/A |
*Displayed monthly rates are provided for illustrative purposes only.
Obtain an Accurate Life Insurance Quote Today
We work with over 40 top-rated life insurance companies that specialize in affordable term and whole life issuance products. We also offer guaranteed universal life insurance which works just like term life insurance (no investing) with guaranteed rates and coverage until the age of 85 or later.
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