Top pick: Sproutt
- Quotes from 40+ top insurers
- Up to $10 million in coverage
- Skip the medical exam
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Finding $25,000 of life insurance coverage may be limited. Very few insurance companies offer policies as low as $25,000, and those that do price them in such a way that your premium may be equal to or more than a premium for a much larger policy, since this type of policy doesn’t usually include a medical exam.
Researching the cost of a $25,000 policy can be restrictive because most online quote calculators don’t allow you to set coverage lower than $100,000. The only online quote we were able to find was from AAA, which listed rates at $23 per month for a 30-year-old man in good health and $20.44 for a woman.
You may need to call an agent to get quotes directly. But the main factors in determining price are still the same — your age and your health.
Policies of this size tend to be marketed toward seniors 60 years old and older who are looking to cover end-of-life expenses. These types of policies are often no-exam policies, such as guaranteed issue life insurance, but expect the premiums to be higher.
You may not have your choice of insurers, but the eligibility requirements for a policy this small shouldn’t be too strict compared to larger policies. And as with any insurance policy, your health and age are the major factors in both eligibility and how much you’ll pay. If you smoke, you’ll pay significantly more for your policy.
Because no-exam policies, such as guaranteed issue and simplified issue insurance, tend to have low-coverage caps, you might be able to purchase $25,000 in coverage without a medical exam. Depending on the insurer, you may still have to fill out a medical questionnaire.
The coverage you need depends on your circumstances. A $25,000 benefit may not replace your income, but consider the following factors when determining the coverage you need:
Expense may be among your top concerns when considering a lower coverage policy. Because so few insurers carry standard term or whole life $25,000 policies, you won’t have many options when shopping around. And no-exam policies typically cost more.
If you think you may need more coverage, you can look for a policy that includes a future increase rider that allows you to expand your coverage later in life. Alternatively, you could also purchase an additional or replacement policy when you decide you need it.
If you’re single with little to no debt, a $25,000 policy could be just enough to cover any expenses you might leave behind. But when you compare life insurance companies, you may find that choosing a larger policy gives you more options, which could mean paying a similar or even less expensive premium for significantly more coverage.
Save money by targeting your coverage to your largest debts.
Plus, 2 you can’t.
A new change to the tax code quietly went into effect on January 1, lowering the minimum interest rate for permanent life insurance policies.
A permanent life insurance policy’s cash value can be used as a retirement income supplement, though using it reduces your policy’s death benefit.
New all-time high of $25,000 for Bitcoin as the positive market sentiment from Wall Street continues to fuel the momentum.
How much do pets actually cost? We’ve crunched the numbers.
Getting a policy can be complicated, but it offers protection for you and your employees.
Replace your biannual checkup with a virtual appointment to save time and stay safe.
Get a new smile in as little as six months with SmileDirectClub. Learn about treatment, costs and whether it’s covered by health insurance.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.