$40,000 Whole Life Insurance Policy Rates
| Age | Female | Male |
|---|---|---|
| 40 | $70 | $83 |
| 45 | $81 | $94 |
| 50 | $86 | $111 |
| 55 | $100 | $132 |
| 60 | $120 | $161 |
| 65 | $152 | $205 |
| 70 | $201 | $272 |
| 75 | $278 | $377 |
| 80 | $382 | $532 |
| 85 | $532 | $739 |
| 86 | $677 | $918 |
| 87 | $805 | $1072 |
| 88 | $925 | $1227 |
| 89 | $1039 | $1381 |
| 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. | ||
$40,000 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. | ||
$40,000 Term Life Insurance Policy Rates
| Age | Female | Male |
|---|---|---|
| 50 | $33 | $47 |
| 55 | $49 | $70 |
| 60 | $71 | $108 |
| 65 | $104 | $163 |
| 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 Is Whole Life Different Than Term Life And Guaranteed Acceptance?
Below is an overview of the differences between each type of policy.
- Term life insurance: A form of temporary life insurance that is due to expire after a predetermined number of years or once the insured reaches a certain age. Upon reaching the termination point, the policy ends, and there is no longer any insurance in place. Some companies sell term life insurance with fixed prices for the life of the policy. However, some companies (such as Globe Life Insurance Company) sell term life insurance with a premium that increases every five years.
- Whole life insurance: A type of permanent life insurance with guarantees that the premium will not increase, the death benefit can’t decrease, and the coverage remains in place forever. Additionally, it builds cash value, which the policy owner can borrow from and spend as they see fit.
- Guaranteed issue: A type of whole life insurance that does not require the applicant to answer health questions, nor do they have to endure a medical exam. Because approval is guaranteed, there is a two-year waiting period. If the insured dies during the first two years, the insurance company will only refund the premiums paid plus approximately 10% interest.
It’s worth noting that term life insurance will always cost less than whole life (for the same coverage amount). Term is cheaper because the policy expires, whereas whole life does not.
Best Companies For A $40,000 Life Insurance Policy
Regardless of which type of insurance you need, it’s critically important to evaluate multiple providers. That will give you the best chance at finding the best value for your needs. Below are three excellent companies that have competitive prices for whole, term, final expense, and guaranteed acceptance coverage.
- $10K Policy Cost $43.99/month*
- New Applicant Ages 45-80
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
- $10K Policy Cost $51.10/month*
- New Applicant Ages 18-85
- Death Benefit Options $5,000-$100,000
- 2-Year Waiting Period No
- $10K Policy Cost $41.01/month*
- New Applicant Ages 45-85
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
- 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.
