$15,000 Whole Life Insurance Policy Rates
Whole life insurance lasts your entire life (hence the name “whole life”). The premium is guaranteed to remain level, and it builds cash value that you can withdraw and spend on anything you desire.
| Age | Female | Male |
|---|---|---|
| 40 | $29 | $34 |
| 45 | $32 | $37 |
| 50 | $35 | $44 |
| 55 | $40 | $52 |
| 60 | $48 | $63 |
| 65 | $59 | $79 |
| 70 | $78 | $103 |
| 75 | $105 | $144 |
| 80 | $145 | $200 |
| 85 | $196 | $280 |
| 86 | $255 | $353 |
| 87 | $307 | $413 |
| 88 | $356 | $474 |
| 89 | $388 | $534 |
| Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 02/26/2025. | ||
$15,000 Guaranteed Acceptance Life Insurance Policy Rates
Guaranteed issue life insurance policies are a type of whole life insurance with no health questions or medical examinations. You cannot be denied for any prior health issues. Bear in mind that these policies all have a two-year waiting period where death during this time will only result in a refund of your premiums.
| Age | Female | Male |
|---|---|---|
| 45 | $41 | $54 |
| 50 | $45 | $60 |
| 55 | $56 | $68 |
| 60 | $64 | $85 |
| 65 | $75 | $102 |
| 70 | $95 | $130 |
| 75 | $132 | $169 |
| 80 | $190 | $235 |
| 85 | $236 | $289 |
| Source for monthly prices: Choice Mutual quote calculator. Rates are for Mutual of Omaha's guaranteed acceptance whole life policy, rounded to the nearest dollar, and are valid as of 02/20/2025. | ||
$15,000 Term Life Insurance Policy Rates
Term life is a type of temporary insurance that will cover you for a specified number of years. The policy may last for 10 or 15 years or until a certain age, such as 75 or 80. Lastly, many term policies have premium increases every five years, but some plans have a fixed cost. How long the policy lasts and the premiums changing or remaining level varies by company.
| Age | Female | Male |
|---|---|---|
| 45 | $11 | $15 |
| 50 | $14 | $19 |
| 55 | $20 | $28 |
| 60 | $28 | $42 |
| 65 | $40 | $63 |
| Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 02/20/2025. | ||
Best Companies For A $15,000 Life Insurance Policy
Dozens of final expense insurance companies offer policies with a $15,000 death benefit. It’s important to remember that no single company can be the best option for everyone. That said, below are three of the top companies to consider if you only need a small life insurance policy.
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $41.01/month*
- New Applicant Ages 45-85
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $51.10/month*
- New Applicant Ages 18-85
- Death Benefit Options $5,000-$100,000
- 2-Year Waiting Period No
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $55.00/month*
- New Applicant Ages 45-85
- Death Benefit Options $3,000-$25,000
- 2-Year Waiting Period Yes
Answering Health Questions Vs. Plans Without Health Questions
Some final expense life insurance policies have health questions, and some do not. There is a big difference between each option.
- With health questions: If you’re approved, there is no waiting period, which means you’re fully covered for natural or accidental death.
- No health questions: You’re guaranteed approval, but there will be a two-year waiting period. Death during the first 24 months will only result in a refund of your premiums.
Despite having pre-existing conditions, most people are able to qualify for a policy with health questions and no waiting period. Also, plans with health questions are typically less expensive since the insurer knows you don’t have terminal cancer or some other condition likely to cause death in the near future.
As a general rule, you should only opt for a guaranteed acceptance policy if your health is such that you cannot qualify for a policy with health questions.
If you have existing or prior health issues, it’s best to speak with an agent who can advise you of your options.
