$30,000 Whole Life Insurance Policy Rates
| Age | Female | Male |
|---|---|---|
| 40 | $53 | $64 |
| 45 | $61 | $71 |
| 50 | $65 | $84 |
| 55 | $76 | $100 |
| 60 | $91 | $122 |
| 65 | $115 | $155 |
| 70 | $151 | $202 |
| 75 | $206 | $284 |
| 80 | $288 | $400 |
| 85 | $400 | $555 |
| 86 | $498 | $681 |
| 87 | $595 | $796 |
| 88 | $690 | $912 |
| 89 | $782 | $1027 |
| 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 09/02/2025. | ||
$30,000 Guaranteed Acceptance Life Insurance Policy Rates
| Age | Female | Male |
|---|---|---|
| 45 | $134 | $172 |
| 50 | $141 | $181 |
| 55 | $158 | $194 |
| 60 | $174 | $231 |
| 65 | $204 | $276 |
| 70 | $269 | $357 |
| 75 | $370 | $452 |
| 80 | $483 | $623 |
| 85 | $560 | $712 |
| 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 09/02/2025. | ||
$30,000 Term Life Insurance Policy Rates
| Age | Female | Male |
|---|---|---|
| 50 | $33 | $51 |
| 55 | $43 | $65 |
| 60 | $54 | $84 |
| 65 | $69 | $111 |
| 70 | $87 | $149 |
| 75 | $116 | $203 |
| 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 09/02/2025. | ||
How Do The Different Types Of Life Insurance Work?
Not all life insurance policies work the same way. Below are the fundamental differences between each type of policy:
- Whole life: A form of permanent life insurance that lasts indefinitely. In addition, the premium and death benefit are guaranteed to remain level and not change. Finally, cash value will accumulate, which the policy owner may withdraw at any time.
- Term life: A form of temporary life insurance that terminates (hence the name “term”) after a defined period of time. The policy may end at a specific age, such as 70 or 80. However, the policy may end after a number of years, such as 10, 20, or 30. Either way, when the policy ends, you’ll no longer be insured and will need to find a new life insurance policy (assuming you still want to be insured).
- Guaranteed issue: A type of whole life insurance that has no health questions or medical exam. Simply put, you’re guaranteed approval regardless of any pre-existing conditions. There is always a two-year waiting period. Any non-accidental death during the waiting period will only result in a refund of your premiums.
It’s objectively true that term life insurance is always cheaper than whole life, assuming you’re comparing costs at the same coverage amount.
Frequently Asked Questions
There is no best type of life insurance in all circumstances. There are many types of life insurance that all work differently. The key is to select the correct type of policy that is best suited to accomplish your objective. It would be a huge mistake to select a policy based only on the cost. As a general rule, you should choose a term only when you need to cover a temporary liability, such as replacing your income or paying off a debt, such as a mortgage or car note. Conversely, opt for whole life if you need to cover a permanent need, such as supplementing retirement or paying estate taxes. Finally, opt for permanent final expense life insurance if you only need a small policy to cover your funeral expenses.
$30,000 is more than enough coverage to ensure your funeral expenses won’t burden your family. On average, a burial costs roughly $10,000, whereas a cremation costs approximately $6,000.
Generally speaking, if you only need a policy to cover your funeral costs, then a burial policy for seniors would be the ideal solution. However, if your needs are larger, such as income replacement or paying a mortgage note, then opt for a traditional life insurance policy with much higher amounts, such as $250,000 or more.
- 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.
