30-year term life insurance policies

Lock in level premiums when you're at your best health

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Time flies. Thirty years can see a lot of changes in the world — and for your life. Between promotions, children, grandchildren and retirement, there could be any number of planned and unexpected shifts in how you think about money.

Life insurance can provide your family with a financial safety net should you pass away prematurely. If you’re young and in good health, you could lock in level premiums and strong protection with a 30-year term.

Why we like:

Customized term life insurance policies up to $3 million, no medical exam for certain applicants.

  • Up to $3 million in affordable term coverage
  • Dependable level term premiums
  • No commission nor up-selling

Why we like: Haven Life

Customized term life insurance policies up to $3 million, no medical exam for certain applicants.

  • Competitive rates at an affordable price
  • Effortless online application process
  • No medical exam necessary for qualified applicants

What is the typical cost of a 30-year term life insurance policy?

The cost of your insurance policy depends on a range of factors, like your age, gender, health, occupation, hobbies and lifestyle. To give you an idea of what you might pay for coverage, we break down averages by gender and smoking status.

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Monthly rates you might see for a 30-year, $500,000 term life policy for non-smokers:

30$32.30 – $86.54$27.20 – $69.65
40$52.46 – $128.19$42.50 – $96.69
45$81.27 – $184.41$63.32 – $157.94
50$125.13 – $286.78$97.18 – $227.94

Monthly rates you might see for the same coverage for smokers:

AgeMale smokerFemale smoker
30$115.67 – $207.38$85.14 – $162.40
40$213.77 – $379.31$149.33 – $277.38
45$345.86 – $520.86$228.07 – $381.50
50$524.02 – $785.31$347.78 – $605.50

Learn more about life insurance for smokers

What is my risk of dying in the next 30 years?

Life insurance providers use mortality or actuarial tables to determine the probability of death by gender. These tables are based on averages of mortality among specific population, gender and age groups. Of course, your likelihood of dying depends on your overall health, risks and medical history.

Who should buy a 30-year policy?

Your age, health, wealth, family and debt obligations will affect whether you decide to buy a 30-year policy. When considering a policy with a 30-year term, think about:

  • Your mortgage. How long would it take for your family to pay off your home? Someone 10 years into a 20-year mortgage might not need as long of a term as one who’s just settled into a 40-year mortgage.
  • Your children. When will your children be old enough to live independently? You may want a longer term if you’re considering adding to your family than if you’ve just sent your youngest off to college.
  • Future policies. Do you think you can get coverage at a reasonable rate after your current policy expires? To cover you after age 65, premiums can get pricey. However, some term policies offer the option to convert to whole life when you outlive the term.
  • Premium increases. The cost of a 30-year $500,000 term policy for a 30-year-old woman could come with fixed monthly premiums of $27 to $70. Meanwhile, a 10-year term policy for the same person at age 30 could see premiums of $12 to $42. At age 40, premiums on a 30-year term could cost her $43 to $97 a month.
  • Initial premium costs. Will the premiums strain your growing family’s budget? Monthly costs for a 30-year term life insurance policy are often higher than that of a 5- or 10-year policy. For those just starting out, it may not be feasible to incorporate that cost into their budget.
  • Optional riders. Could you buy riders up front that would make a shorter term more valuable? Child and spouse riders for shorter terms can potentially protect your new family while you stabilize your finances, for instance.

What happens if my policy expires?

If you outlive your 30-year policy, it’s likely that you’re not as spry as you were when initially signing up so many years before. But this milestone affords you several routes forward for continued protection for your loved ones:

  • Renew your policy. You may be able to renew your policy — albeit at likely higher premiums — or purchase a new policy from a different insurer.
  • Convert your policy. Specific policies allow you to convert to whole life at the end of your term. Your provider might use the rating from the beginning of your term to establish your new premium.
  • Let your policy lapse. The last option is to simply let the expire. You’re not required to have life insurance, however helpful a financial-planning tool.

Should I choose a shorter or longer term?

Whether you go for a short- or long-term policy depends on your life and circumstances. When weighing policy renewal, here’s what to consider.


  • Offers another term policy at a good price.
  • Can cover you until you settle into a new career.
  • Good for those with personal and family histories of decent health.
  • You can purchase riders to supplement shorter coverage.


  • You’ll be 70 or older at the end of the term.
  • Your rate won’t increase over the full term.
  • May be a benefit if your health is noticeably worsening.

Life insurance companies that offer a 30-year term policy

Name Product Issue Ages Minimum Coverage Maximum Coverage Medical Exam Required State Availability
LadderLife™ Life Insurance
20 - 60 years old
Not available in New York
Term life insurance with no policy fees and the freedom to cancel anytime. Simple application process that can get you approved for coverage instantly.
18 - 100 years old
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.
20 - 85 years old
Depends on policy.
Products and product features may not be available in all states.
This well-established life insurance provider could offer you $250,000 worth of coverage for as low as $14 per month.
21 - 54 years old
Not available in New York
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.
25 - 60 years old
Available in all states except NY, CA and MT
Get affordable term life insurance with accelerated underwriting or no-exam coverage up to $1,000,000. Available in all states except CA, NY and MT.

Compare up to 4 providers

Bottom line

Life insurance can provide the security your loved ones need when you’re no longer around the protect them. A 30-year policy is a big commitment — and it often comes with higher premiums than smaller terms.

But you’ll likely never be as healthy as you are today, and you can rest easy knowing that your premiums are locked in over the full term to cover whatever life throws your way. Take the time to thoroughly compare providers before settling on a policy to find the right one for you and your family.

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