$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 06/27/2025. | ||
$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.
- $10K Policy Cost$41.01/month*
- New Applicant Ages45-85
- Death Benefit Options$2,000-$50,000
- 2-Year Waiting PeriodNo
- $10K Policy Cost$51.10/month*
- New Applicant Ages18-85
- Death Benefit Options$5,000-$100,000
- 2-Year Waiting PeriodNo
- $10K Policy Cost$55.00/month*
- New Applicant Ages45-85
- Death Benefit Options$3,000-$25,000
- 2-Year Waiting PeriodYes
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.
Our Insurance Review Methodology
Every company we review has an overall score that illustrates how well it stands out in the market relative to its competitors. These scores are not subjective. Instead, we utilize a defined 5-star scoring system that applies a weighted average of particular factors, all of which are outlined below and on our review methodology page.
We measure the price of a company’s most popular they promote relative to its competitors. The closeness of their cost to other companies determines the final score. Read a full breakdown of the price of coverage factor on our review methodology page.
This factor assesses whether a company offers immediate coverage and, if so, how difficult it is to qualify for it. Read a full breakdown of the no waiting period coverage factor on our review methodology page.
A company’s financial strength is based on its rating with A.M. Best. Read a full breakdown of the financial strength factor on our review methodology page.
The National Association of Insurance Commissioners’ complaint index measures an insurer’s frequency of consumer complaints compared to the rest of the market. The score the insurer receives is based on how it stacks up to the median score of other insurers. Read a full breakdown of the NAIC complaint index factor on our review methodology page.
Why trust Choice Mutual?
When we review products, our findings are unbiased and free of any influence from partnerships or methods of compensation. All findings, good or bad, are solely the derivative of our objective analysis of any given product or company.
As noted on our review methodology page, our researchers evaluate the financial stability of the insurer, policy costs, product limitations, state availability, customer satisfaction, waiting periods (if applicable), and other relevant factors. We aggregate all this cumulative data to develop objective overall scores based on pre-defined weighted factors.
In addition, a qualified expert who is well-qualified to speak on the matter will provide opinion-based feedback about the company or product being reviewed.
For over a decade, Choice Mutual has been an insurance agency specializing in final expense life insurance. Our expertise in this type of insurance is well-documented in numerous authoritative publications, some of which are listed below:
Choice Mutual’s mission is to provide consumers with unbiased expert commentary and explanations of the topics being discussed. We want our readers to be armed with information and tools that cannot be found anywhere else on the internet, so they can truly make an informed decision.
All content on this website is written by Anthony Martin, who is a licensed life insurance agent with over a decade of expertise in this industry and has been quoted as an expert source hundreds of times by many reputable news outlets.
Per our editorial guidelines, we have never, and will never, use artificial intelligence to create our content. Every word printed on this website is produced and curated 100% by human beings who have firsthand experience with the subject matter.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
