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Compare $10,000 life insurance policies

Low-coverage policies tend to be specialized.

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Very few, if any, insurers offer standard life insurance with coverage less than $100,000, so finding a $10,000 policy will take some research. Low-coverage policies tend to be specialized and only offered to certain applicants.

How much does $10,000 life insurance cost?

The cost of $10,000 in coverage depends on the type of policy you want to purchase.

Type of coverageWho it’s best forAmount of coverage availableAverage cost
Final expense insurancePeople 50+ years old$5,000 – $25,000$20+ per month
Group life insuranceEmployees$10,000 – multiples of your annual salary$0, if covered by the employer $10-30 per month, if adding coverage for a spouse
Child insurance rider or standalone policyParents adding coverage for their dependants to their life insurance policy$1,000 – $50,000$50-$60 per year
Guaranteed issuePeople 50+ years old$5,000 – $50,000Varies, but typically more expensive than other policies
Simplified issuePeople 18+ years old$5,000 – $500,000Varies, but more expensive than other policies

Can I get a $10,000 life insurance policy?

If you meet the age or other eligibility criteria, getting a $10,000 policy shouldn’t be too difficult. Most have low underwriting requirements, but you’ll likely pay higher premiums compared to what you might pay for a higher coverage policy with more eligibility requirements.

Can I get $10,000 coverage without a medical exam?

Yes. Most of the specialty plans available for $10,000 coverage don’t require a medical exam.

Is a $10,000 life insurance policy right for me?

Whether one of these policies is right for you depends on your current situation. But before you decide, consider whether $10,000 is enough for you, or whether you’re in one of the following situations:

  • You don’t want to take a medical exam. Whether your health is poor or you just don’t want to take an exam, guaranteed issue and simplified issue policies are more expensive, but allow you to select a low level of coverage without taking a medical exam.
  • You need end-of-life coverage. Seniors who want to make sure their funeral and medical bills are covered can get a final expense policy.
  • You’re offered insurance through your work. Group policies often come in multiples of your salary, but offer coverage for your spouse in multiples of $10,000 and have options that don’t require a medical exam.
  • You want coverage for your children. This usually comes as a rider to your life insurance policy, but offers coverage for end-of-life expenses should something happen to your children. And some insurers give you the option to convert your rider into a whole life policy in your child’s name when they turn 18 years old.

What should I watch out for?

A policy this small won’t cover much more than your funeral, so if you have any debt or additional expenses that need to be covered, consider a larger policy. Unless you’re offered coverage through work, smaller policies that don’t require a medical exam tend to be more expensive.

Get quotes for $10 million life insurance policies

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 60 years old
$50,000
$4,000,000
5, 10, 15, 20, 25 and 30 years
No
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
Bestow
18 - 60 years old
$50,000
$1,500,000
10, 15, 20, 25, 30 years
No
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
$100,000
$10,000,000
10, 15, 20, 25, 30, 35 and 40 years.
No
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
Ladder
20 - 60 years old
$100,000
$8,000,000
10, 15, 20, 25 or 30 years
Depends on policy
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
Haven Life
18 - 64 years old
$100,000
$3,000,000
10, 15, 20, or 30 years
No exams for some applicants
Fill out a quick online application and get approval in minutes with up to $3 million in coverage.
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Bottom line

If you’re just looking for your funeral expenses to be covered, a $10,000 policy could be a fit. Regardless of the amount of your coverage, compare life insurance companies to make sure you’re getting the best deal.

Common questions about $10,000 policies

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