$400,000 Term Life Insurance Policy Rates
Term life is a type of temporary life insurance. By design, the policy will terminate after a specific number of years, such as 10, 15, 30, or 40, or upon reaching a certain age, such as 80 or 85. When the policy ends, you’re no longer insured, and the insurer keeps the premiums you’ve paid.
$400,000 Whole Life Insurance Policy Rates
Whole life is a type of permanent coverage with a guarantee that the premium and death benefit remain level. Also, the policy will build cash value, which acts as a behind-the-scenes savings account. With each payment, a tiny portion is redirected to the cash value account, and it earns interest. The money in the cash value grows tax-deferred, and you can withdraw and spend it as you see fit.
| Age | Female | Male |
|---|---|---|
| 20 | $197 | $226 |
| 25 | $235 | $268 |
| 30 | $278 | $319 |
| 35 | $333 | $386 |
| 40 | $402 | $472 |
| 45 | $506 | $582 |
| 50 | $622 | $724 |
| 55 | $814 | $932 |
| 60 | $1,059 | $1,213 |
| 65 | $1,384 | $1,583 |
| 70 | $1,905 | $2,178 |
| 75 | $2,774 | $3,126 |
| 80 | $3,712 | $4,103 |
| 85 | $4,640 | $5,214 |
| Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026. | ||
$400,000 Universal Life Insurance Policy Rates
Universal life offers lifelong coverage and the flexibility to adjust your premium payments. Like whole life, it also builds cash value, which you can withdraw. The danger with universal life is that if you pay too little or withdraw too much cash value, the insurer may dramatically increase the minimum amount you have to pay or terminate the policy altogether.
| Age | Female | Male |
|---|---|---|
| 20 | $93 | $110 |
| 25 | $94 | $111 |
| 30 | $107 | $131 |
| 35 | $141 | $173 |
| 40 | $179 | $215 |
| 45 | $216 | $270 |
| 50 | $255 | $320 |
| 55 | $295 | $370 |
| 60 | $389 | $500 |
| 65 | $484 | $630 |
| 70 | $769 | $1,104 |
| 75 | $1,072 | $1,592 |
| 80 | $1,582 | $2,366 |
| 85 | $2,431 | $3,487 |
| Monthly rates are calculated at a non-tobacco preferred rating, rounded to the nearest dollar, and are valid as of 03/09/2026. | ||
How To Qualify And Buy
Buying a $400,000 life insurance policy will require you to answer health questions. Most insurers offer options that do or don’t require a medical exam. The choice is yours, but it’s important to understand the pros and cons of each option.
- With a medical exam: You must meet with a medical provider who will gather a blood and urine sample from you. They will also measure your height, weight, and blood pressure. The insurance company will obtain all your medical records. With all this information, they can determine whether you’re approved and whether the price you were initially quoted needs to increase or decrease. The whole process takes about 4-6 weeks before the insurer can make a decision. The most significant benefit to taking a medical exam is that it can (and usually does) lead to lower premiums.
- Without a medical exam: You only need to answer health questions. The insurer will also obtain medical information about you from various electronic databases. Approvals are often instant or may take a few business days. No-exam options are convenient, but they cost more (usually not much more) than policies that do require a medical exam.
Nearly all insurers will require you to speak with a licensed agent. It’s fairly rare to be able to buy $400,000 in coverage completely online without talking to an agent. It’s best to work with an independent agent who can sell policies from multiple insurers.
That way, they can compare options from numerous providers to find you the best price. Captive insurance companies, such as State Farm, have agents who cannot shop other insurers on your behalf.
Is $400,000 The Right Amount Of Coverage?
Having the right amount of life insurance coverage is an essential part of proper financial planning. If your goal is to replace your income in the event of your death, then $400,000 might be enough. A common rule of thumb is to have at least ten times your annual income. If your annual income times ten is less than 400,000, then you should (assuming you can afford it) get more coverage.
However, if your goal is to have a policy to pay off your mortgage, then $400,000 might be enough, depending on your current mortgage balance.
Ultimately, the golden rule is: if you cannot afford as much coverage as you’d like, buy however much you can fit into your budget.
- Nationally licensed life insurance agent with over 16 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 16 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 20 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 20 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 15 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 15 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 20 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 20 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 15 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 15 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.
