When you are looking for life insurance, you can choose between whole life insurance or term life insurance. Term life insurance has an expiry date, and the shortest is 5 years.
Although the policy eventually comes to an end, you do have the opportunity to take out a policy for a long time. The longest coverage available for term life insurance is 30 year term life insurance. It offers protection for three decades, after which it will need to be renewed to continue coverage.
There are various factors that can affect 30 year term life insurance rates. Whether you choose decreasing or level term insurance, your age, your health, your occupation, and your hobbies or whether you engage in any risky activities can all have an impact. You will need to provide information to the insurer so that they can provide you with the right coverage and give you an accurate quote.
Comparing 30 year life insurance policy quotes will allow you to get the best price and the best policy to meet your needs.
A 30 year term life insurance lasts the longest of all types of term life insurance policies. As the name suggests, this insurance will cover you for 30 years.
So does this type of insurance mature? Most likely not. Similar to other term life insurance policies, 30 year term life insurance doesn’t provide a payout if ever you managed to outlive its policy period.
There are insurance companies that allow you to purchase this policy with no medical exam. However, an evaluation might still be requested if you’ve have a poor medical history.
Get all the best quotes from leading providers in a click of a button!
The average 30 year term life insurance cost is $50.45 per month or $605.40 per year for a $1 million worth of coverage. The table below further gives an idea of how much to pay for premiums based on the actual rates of the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| Fabric | $18.23 | $218.76 | Quickly setting up life insurance |
| USAA | $23.11 | $277.32 | Military personnel |
| Bestow | $24.55 | $294.60 | 30 year term life insurance with high customer ratings |
| Ethos | $29 | $348 | 30-year term life insurance with money-back guarantee |
| Haven | $29.06 | $348.72 | 30 year term life insurance with an online digital will |
| AARP | $37.50 | $450.00 | 30 year term life insurance for seniors |
Getting a 30 year term life insurance quote is the best way to find out how much it's going to cost you to take out this type of insurance. However, there are plenty of resources that can also tell you more about average costs and help you work out how much you might pay.
It's helpful to use a 30 year term life insurance calculator if you want to get an idea of how much you might pay. It can help you work out how much coverage to take out too. Term life insurance can be an affordable option compared to whole life insurance, and it can still cover you for a long time. You could pay a lot more per month for whole life insurance for the same amount of coverage.
Understanding the different types of term life insurance and the benefits available can be useful if you want to understand how much you should be paying.
One option is a 30 year decreasing term life insurance. With this option, the coverage provided by the policy falls over the length of the term. It's often required by creditors, who want their debtors to have a policy that covers their repayments as they decrease over time.
Another option is 30 year fixed term life insurance or level term life insurance. With this type of term life insurance, the premiums and death benefit remain the same for the whole term. However, when it's renewed, these things could change for the new policy.
You can also get a 30 year term life insurance with return of premium (ROP) rider. 30 year ROP life insurance means that you can get a return on your premiums if you don't die during the term. However, a downside to this is that it raises the cost of the policy considerably, and you can expect to pay a lot more if you choose this option.
Before you choose a life insurance policy, make sure you understand how it works and the coverage it will offer. You don't want to discover that it doesn't protect you in the way that you want it to.
Your age is one of the most important factors affecting the cost of 30-year term life insurance. The older you are, the more the average cost 30 year term life insurance will increase.
For example, if you are a 30-year-old male who wants $250,000 of coverage, you could pay more than three times less than a 50-year-old male looking for the same amount of coverage.
Your gender also makes a difference, with men paying more at any age and continuing to pay even more as they get older. Here’s a table showing an idea of 30-year term life insurance rates by age and gender.
| Customer age | Coverage Amount | Cost for 30 Year Life Term |
|---|---|---|
| 30 year old male | $250,000 | $19 |
| 30 year old male | $500,000 | $31 |
| 30 year old male | $1,000,000 | $54 |
| 30 year old female | $250,000 | $16 |
| 30 year old female | $500,000 | $26 |
| 30 year old female | $1,000,000 | $44 |
| 40 year old male | $250,000 | $28 |
| 40 year old male | $500,000 | $50 |
| 40 year old male | $1,000,000 | $90 |
| 40 year old female | $250,000 | $23 |
| 40 year old female | $500,000 | $39 |
| 40 year old female | $1,000,000 | $75 |
| 50 year old male | $250,000 | $67 |
| 50 year old male | $500,000 | $125 |
| 50 year old male | $1,000,000 | $242 |
| 50 year old female | $250,000 | $49 |
| 50 year old female | $500,000 | $92 |
| 50 year old female | $1,000,000 | $175 |
Before you choose a life insurance provider and policy, you need to understand what factors they're taking into account when giving you a quote.
Some of the key factors that will affect the quotes you receive, or even if a provider is willing to insure you, include:
Your age–the age you are when you take out the policy will affect the price you pay, as older people have a higher risk of illness and death
Your gender–women typically are offered lower rates because of factors such as higher life expectancy and lower-risk lifestyles
Your medical history–your health will be assessed and more complicated medical histories usually result in higher premiums
Your job–if your occupation is high-risk, this could raise the cost of 30yr term life insurance
Your lifestyle–if you have any high-risk hobbies or activities, this will also be taken into account by insurance companies
Get all the best quotes from leading providers in a click of a button!
If you're looking for the best 30 year term life insurance policy, some of the top providers are listed below. We've reviewed some of the most popular life insurance providers to help you get an idea of those that are available. Proceed below to know the pros, cons, and rate of the best 30 year term life insurance companies:
130+ years of underwriting life insurance
100% digital term life insurance experience
30 day money-back guarantee
No price changes
Good customer experience
Coverage can't be increased after purchase
Not available in all states
Fabric offers a fast, easy way to get your life insurance online. You can arrange everything directly with them, with no need for brokers or agents. Fabric has a large range of options for term life insurance, including different amounts of coverage for you to choose from. This company is very affordable, offering great rates on 30 year level term life insurance and more. You can take out a 30 year term life insurance with no medical exam.
A couple of slight downsides are that you can't adjust your coverage after taking out the policy, and Fabric isn't available in Montana or New York.
Best for: Quickly setting up life insurance
Average cost: $18.23 per month
Our rating: 10/10
Affordable 30 year term life insurance with no exam
No waiting period
Good ratings
Wide range of insurance products
Premiums increase every 5 years
Limited death benefit that terminates at 80
Members only
The AARP is available to support seniors in many different ways. One of the ways that can help is through their life insurance options. If you are a senior over 50 years old, you can explore the options they have for life insurance provided by New York Life.
However, it's important to note you must be a member of AARP to get their deals. Additionally, the premiums will increase every 5 years as you get older and the limited death benefit of between $10,000 and $100,000 terminates when you reach the age of 80.
Best for: 30 year term life insurance for seniors
Average cost: $37.50 per month
Our rating: 10/10
Automatic underwriting
Get an estimate of your rates online
Level premiums
Works with multiple insurance companies to grant you coverage
Doesn’t allow you to convert your 30-year term life insurance into a permanent life insurance policy
Ethos grants comprehensive coverage by working with notable investors and life insurance underwriters. Your life insurance from this company will come from Legal & General America, Ameritas Life Insurance Corp., TruStage®, and others. Note that you’re in safe hands since Ethos continues to promote growth by smartly using the funds provided by high profile investors.
Whether your looking for 30 year term life insurance 1 million or a coverage with much lower or higher payouts, Ethos has got your back. This company’s 30 year term life insurance no exam starts at $100,000 and grants up to $2 million maximum worth of coverage.
You can get covered online without any for medical exams. And once covered, you can view your policy using the Ethos app. The company also accepts the possibility of you switching so it offers a money-back guarantee.
Best for: 30-year term life insurance with money-back guarantee
Average cost: $29 per month
Our rating: 10/10
Good ratings from TrustPilot
No medical exam
Rates are very cheap if you’re in excellent health
Live chat
Riders might not be available
Bestow is another good option for online 30 year term life insurance with fast approval. This company’s term life coverage is underwritten for people ages 18-60 years old. Also, you’re covered when looking for 30 year term life insurance 500k because bestow offers coverage between $100,000-$1.5 million.
Best for: 30 year term life insurance with high customer ratings
Average cost: $24.55 per month
Our rating: 10/10
Offers term life insurance from 5 years to 30 years
Backed by a long-standing insurance company
Easy to apply online
Other financial services available
No convertible term life insurance option
Low coverage for no-exam policies
Consider working with Haven if you’re looking for a 30 yr term life insurance that won’t change its rates no matter what happens. It’s because this company implements a level premiums feature on your coverage. Your coverage will be written by MassMutual or C.M. Life. Life insurance payouts are up to $3 million. While Haven states that it offers 30 year term life insurance no medical exam, we suggest you don’t ease up because the company also states that an evaluation might be required in some cases.
Best for: 30 year term life insurance with a digital will
Average cost: $29.06 per month
Our rating: 9/10
Great discounts for members
Overall customer experience
Easy to do online
Only available to USAA members
Medical exam required
The USAA has been bringing military personnel great discounts on insurance and more for many years. They offer a wide range of discounts on insurance policies for military people and their families and receive top ratings. USAA grants coverage starting at 30 year term life insurance 250k dollars up to 1 million dollars. Their online process is very fast and user-friendly, making it easy to get started with one of their life insurance policies. However, be aware that a medical exam is required and you do have to be a member to access their great products.
Best for: Military personnel
Average cost: $23.11 per month
Our rating: 8/10
If you're looking for a 30 year level term life insurance quote or decreasing term life insurance quote, we suggest you click the “Get Quotes” button on this page. It takes hardly any time at all to gather some quotes and start comparing top insurance providers. Remember to compare not just the cost of premiums but also the coverage you are provided and what you get for your money.
Excellent prices and customer service, and a very straightforward online shopping experience.
Incredible experience from quote to claims!
You wouldn't find such life insurance coverage, such excellent experience online, service and rock bottom rates elsewhere! That's my experience however. Don't think twice.
Very few coverage options... you are very limited on what you get life insurance wise, there are much broader coverage options on other life insurance companies
very indifferent about it
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
