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$10,000 life insurance policies

Low-coverage policies tend to be specialized.

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
18 - 60 years old
5, 10, 15, 20, 25 and 30 years
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius - Life Insurance
18 - 85 years old
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.
18 - 60 years old
10, 15, 20, 25, 30 years
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
10, 15, 20, 25, 30, 35 and 40 years.
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
JRC Life Insurance
18 - 85 years old
10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121
May be required
Compare policies up to $10 million from 45+ top insurance companies with the click of a button.

Compare up to 4 providers

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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