May, 30 2017

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Life insurance reviews, news and prices from the top companies

Life Insurance: $1,000,000 vs $500,000 vs $250,000 vs  $100,000

Life Insurance: $1,000,000 vs $500,000 vs $250,000 vs $100,000

Most people want the right amount of life insurance to protect their family but don’t know how much it will cost. Fortunately, life insurance companies offer price band discounts at certain policy amounts. These price brands offer a cost-per-thousand price reduction over other policy amounts. The price bands on life insurance in 2016 are at the following policy amounts: $1,000,000, $500,000, $250,000 and $100,000. While the right amount of life insurance one should carry will be different for each person, these price band numbers above are a good place start.

How much does a $1,000,000 (million dollar) life insurance policy cost 2016?

Company Name Annual Monthly    A.M. Best
Ratings as of
  2016
United of Omaha Life Insurance Company $212.50 $18.59      A+
MetLife Insurance Company USA $214.00 $19.26      A+
Ohio National Life Assurance Corporation $215.00 $18.60      A+
Ohio National Life Assurance Corporation $230.00 $19.90      A+
Security Mutual Life Insurance Co of NY $230.00 $20.70      A-
Protective Life Insurance Company $232.16 $19.97      A+
AAA Life Insurance Company $235.00 $20.68      A-
Symetra Life Insurance Company $245.00 $21.44      A
Minnesota Life Insurance Company $253.00 $22.26      A+
Ohio National Life Assurance Corporation $255.00 $22.06      A+
The Penn Mutual Life Insurance Company $255.00 $22.19      A+
Midland National Life Insurance Company $255.00 $22.44      A+
North American Co for Life and Health $255.00 $22.44      A+
Pacific Life Insurance Company $260.00 $21.68      A+
TIAA-CREF Life Insurance Company $262.25 $22.95      A++
Ameritas Life Insurance Corp $265.00 $22.81      A
American National Insurance Company $265.00 $22.90      A
Principal National Life Insurance Co $268.69 $23.51      A+
American General Life Insurance Company $269.00 $23.27      A
MetLife Insurance Company USA $269.00 $24.21      A+
American United Life Insurance Company $270.00 $23.76      A+
Banner Life Insurance Company $271.66 $23.77      A+
Savings Bank Life Insurance Co of MA $271.67 $23.64      A+
Guardian Life Insurance Co of America $275.00 $23.60      A++
Cincinnati Life Insurance Company $280.00 $24.64      A
National Life Insurance Company $280.00 $24.64      A
Guardian Life Insurance Co of America $285.00 $24.46      A++
ReliaStar Life Insurance Company $285.00 $24.94      A
John Hancock Life Insurance Company USA $285.00 $27.80      A+
Transamerica Life Insurance Company $300.00 $25.81      A+
Lincoln National Life Insurance Company $300.00 $26.25      A+

 

How much does a $500,000 (five hundred thousand) life insurance policy cost 2016?

Company Name Annual Monthly    A.M. Best
Ratings as of
  2016

 

United of Omaha Life Insurance Company $212.50 $18.59      A+
MetLife Insurance Company USA $214.00 $19.26      A+
Ohio National Life Assurance Corporation $215.00 $18.60      A+
Ohio National Life Assurance Corporation $230.00 $19.90      A+
Security Mutual Life Insurance Co of NY $230.00 $20.70      A-
Protective Life Insurance Company $232.16 $19.97      A+
AAA Life Insurance Company $235.00 $20.68      A-
Symetra Life Insurance Company $245.00 $21.44      A
Minnesota Life Insurance Company $253.00 $22.26      A+
Ohio National Life Assurance Corporation $255.00 $22.06      A+
The Penn Mutual Life Insurance Company $255.00 $22.19      A+
Midland National Life Insurance Company $255.00 $22.44      A+
North American Co for Life and Health $255.00 $22.44      A+
Pacific Life Insurance Company $260.00 $21.68      A+
TIAA-CREF Life Insurance Company $262.25 $22.95      A++
Ameritas Life Insurance Corp $265.00 $22.81      A
American National Insurance Company $265.00 $22.90      A
Principal National Life Insurance Co $268.69 $23.51      A+
American General Life Insurance Company $269.00 $23.27      A
MetLife Insurance Company USA $269.00 $24.21      A+
American United Life Insurance Company $270.00 $23.76      A+
Banner Life Insurance Company $271.66 $23.77      A+
Savings Bank Life Insurance Co of MA $271.67 $23.64      A+
Guardian Life Insurance Co of America $275.00 $23.60      A++
Cincinnati Life Insurance Company $280.00 $24.64      A
National Life Insurance Company $280.00 $24.64      A
Guardian Life Insurance Co of America $285.00 $24.46      A++
ReliaStar Life Insurance Company $285.00 $24.94      A
John Hancock Life Insurance Company USA $285.00 $27.80      A+

 

How much does a $250,000 (two hundred and fifty thousand) life insurance policy cost 2016?

Company Name Annual Monthly    A.M. Best
Ratings as of
2016
United of Omaha Life Insurance Company $140.00 $12.25      A+
MetLife Insurance Company USA $141.50 $12.74      A+
Ohio National Life Assurance Corporation $142.50 $12.33      A+
Protective Life Insurance Company $146.48 $12.60      A+
Ohio National Life Assurance Corporation $157.50 $13.62      A+
Minnesota Life Insurance Company $157.50 $13.86      A+
AAA Life Insurance Company $160.00 $14.08      A-
Pacific Life Insurance Company $162.50 $13.55      A+
Midland National Life Insurance Company $162.50 $14.30      A+
North American Co for Life and Health $162.50 $14.30      A+
American General Life Insurance Company $169.00 $14.62      A
MetLife Insurance Company USA $169.00 $15.21      A+
Principal National Life Insurance Co $171.85 $15.04      A+
The Penn Mutual Life Insurance Company $172.50 $15.01      A+
Banner Life Insurance Companypr $174.99 $15.31      A+
TIAA-CREF Life Insurance Company $175.00 $15.31      A++
American United Life Insurance Company $175.00 $15.40      A+
John Hancock Life Insurance Company USA $175.00 $18.20      A+
National Life Insurance Company $177.50 $15.62      A
Ameritas Life Insurance Corp $180.00 $15.50      A
Savings Bank Life Insurance Co of MA $180.00 $15.66      A+
Transamerica Life Insurance Company $185.00 $15.92      A+
ReliaStar Life Insurance Company $185.00 $16.19      A
Cincinnati Life Insurance Company $185.00 $16.28      A

How much does a $100,000 (one hundred thousand) life insurance policy cost 2016?

Company Name Annual Monthly    A.M. Best
Ratings as of
2016
Protective Life Insurance Company $102.33 $8.80      A+
AAA Life Insurance Company $113.00 $9.94      A-
Ohio National Life Assurance Corporation $114.00 $9.86      A+
Protective Life Insurance Company $114.77 $9.87      A+
Ohio National Life Assurance Corporation $115.00 $9.95      A+
Banner Life Insurance Company $115.99 $10.15      A+
Savings Bank Life Insurance Co of MA $117.00 $10.18      A+
Transamerica Life Insurance Company $118.00 $10.16      A+
Midland National Life Insurance Company $118.00 $10.38      A+
North American Co for Life and Health $118.00 $10.38      A+
National Life Insurance Company $119.00 $10.47      A
American United Life Insurance Company $120.00 $10.56      A+
Security Mutual Life Insurance Co of NY $122.00 $10.98      A-
Ohio National Life Assurance Corporation $123.00 $10.64      A+
TIAA-CREF Life Insurance Company $124.40 $10.89      A++
Ameritas Life Insurance Corp $127.00 $10.94      A

*Prices are for a 40 year old male at preferred plus rate class on a 10 year level term

Life Insurance : $1,000,000 vs $500,000 vs $250,000 vs $100,000

The right amount of life insurance you should carry to protect your family will vary for each person. Many financial advisors such as Suze Orman and Dave Ramsey recommend anywhere from 7 to 25 times your annual income in life insurance because this will replace your income for those number of years.   Some of the most popular policy amounts are: one million, five hundred thousand, two hundred and fifty and one hundred thousand dollars because of the cost-per-thousand price break life insurance companies offer on those amounts. We suggest you use our life insurance price quoter to the upper right on this site and run as many quotes as you like until you find the policy that will offer the most amount of coverage at a price that fits your budget.