$750,000 Term Life Insurance Policy Rates
Term life insurance is coverage that terminates at a predefined date. It may terminate after a specified number of years, such as 5, 10, or 20, or it may last until you become a certain age. Either way, when the policy ends, you will not be insured, and the insurer retains the premiums you’ve paid.
$750,000 Whole Life Insurance Policy Rates
Whole life insurance lasts your entire life (hence the name “whole life”). Furthermore, the premium and death benefit are both guaranteed to remain the same. Finally, the policy will accumulate what’s called “cash value”.
With each payment you make, a portion is routed to this account, and it earns interest. As the money in the cash value grows, you’re entitled to withdraw it at any time and spend it however you wish.
| Age | Female | Male |
|---|---|---|
| 20 | $361 | $414 |
| 25 | $430 | $491 |
| 30 | $510 | $586 |
| 35 | $613 | $711 |
| 40 | $741 | $872 |
| 45 | $933 | $1,075 |
| 50 | $1,149 | $1,339 |
| 55 | $1,506 | $1,725 |
| 60 | $1,961 | $2,247 |
| 65 | $2,564 | $2,933 |
| 70 | $3,530 | $4,038 |
| 75 | $5,144 | $5,797 |
| 80 | $6,886 | $7,612 |
| 85 | $8,609 | $9,674 |
| Monthly rates are calculated at a preferred non-tobacco rating, rounded to the nearest dollar, and are valid as of 03/09/2026. | ||
$750,000 Universal Life Insurance Policy Rates
Universal life insurance is a type of permanent coverage that builds cash value, just like whole life policies do. The primary difference with universal life is that you typically have the freedom to adjust your premiums higher or lower. In addition, universal life policies will cost less than whole life.
The thing to keep in mind is that if you don’t pay enough money for too long, the insurer may request a large bulk payment to keep your policy in force.
| Age | Female | Male |
|---|---|---|
| 20 | $164 | $195 |
| 25 | $165 | $197 |
| 30 | $189 | $234 |
| 35 | $254 | $314 |
| 40 | $324 | $392 |
| 45 | $394 | $494 |
| 50 | $468 | $589 |
| 55 | $542 | $682 |
| 60 | $719 | $926 |
| 65 | $896 | $1,170 |
| 70 | $1,430 | $2,059 |
| 75 | $2,000 | $2,974 |
| 80 | $2,956 | $4,425 |
| 85 | $4,547 | $6,526 |
| 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 Buy And Qualify
For starters, to buy a $750,000 life insurance policy, you will need to meet with (in person or via phone) a licensed agent. They will need to ask you a series of health and lifestyle questions while gathering all the information necessary to complete the application.
Many companies still offer policies at this level of coverage without requiring a medical exam. However, you will need to be in fairly good health for that to be possible. For most applicants with pre-existing conditions, a medical exam will likely be required. Essentially, you’ll meet with a healthcare professional (they can come to you or you go to them) who will gather a blood and urine sample.
They will also measure your height and weight and take a blood pressure reading. The insurance company will request complete copies of all your medical records from all physicians you have seen in the last decade. Once they have all this information, they can then determine if you’re approved and the final premium. This entire process generally takes about 4-6 weeks to complete.
Some people balk at the idea of having to take a medical exam and wait many weeks for approval. First, to get this amount of coverage, it’s often unavoidable. Secondly, the main advantage of policies that require an exam is the lower cost. You can and likely will have significantly lower life insurance premiums compared to a policy that does not require a medical exam.
Potential Financial Requirements
Life insurance companies limit how much coverage a person can buy. It’s based on your annual salary if you’re seeking coverage to replace your income. The amount of coverage you can buy is determined by a multiplier (varies by age) of your current income.
For a $750,000 policy, these rules won’t affect most adults. However, seniors should be mindful of these limits since the older you are, the less coverage you can buy as a multiplier of your annual income.
Below is a table with approximate values; remember that every insurer sets its own guidelines, so some may be higher or lower than these.
| Age | Approximate Multiplier Of Annual Income To Determine The Maximum Amount Of Coverage You Can Buy |
|---|---|
| 18-30 | 30x-40x |
| 31-40 | 25x-30x |
| 41-50 | 20x-25x |
| 51-60 | 10x-15x |
| 61-65 | 7x-10x |
| 66+ | 5x-7x |
| It's important to know that insurers generally consider income to be money received from salaries, bonuses, or commissions. It usually does not include investment income, pending interest, retirement income, or rental income. | |
Or it can be based on the current value and estimated future value of your estate if you’re seeking a policy to cover the expected estate taxes your heirs will incur when they inherit it.
Essentially, insurance companies use a formula to estimate the anticipated tax liability. That value will be the coverage maximum they allow you to purchase for this purpose.
Choosing The Right Amount Of Coverage- Is $750K Enough Life Insurance?
For most families, $750,000 will either be more than enough coverage or very close to it. That’s especially true if you already have an existing life insurance policy.
To determine if $750K is enough, consider first what the money would be used for if you died. Some common reasons include:
- Income replacement: A safe rule to follow is the 10x rule. You should have coverage equal to or greater than ten times your yearly salary (gross). So if you currently make $50,000 per year, then a $750,000 would be more than enough. However, if you make $100,000 per year, then $750K would be a little low.
- Paying off a mortgage: If your mortgage balance is similar to or lower than $750,000, then you’re safe.
It’s also very helpful to use a life insurance needs calculator to help you determine how much total life insurance coverage you need.
Finally, be sure to choose the policy type not solely based on cost. For example, a term policy is certainly cheaper. However, it would not make sense to buy one to address a permanent problem, such as estate planning, or to pay end-of-life costs.
Choose the type of policy that will best solve your problem.
- 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.
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estate taxes. https://www.usbank.com/wealth-management/financial-perspectives/trust-and-estate-planning/estate-taxes.html
