How much should term life cost for a 40 year old man?

What would the average term life policy cost for a healthy 40 year old male with 2 kids? I know that it depends on the amount that you are being insured for, but let's just say for argument's sake that I want to know the typical annual premium on a 20 year term life policy worth 1 million (1,000,000) dollars. What would be the high and low quotes that you would expect me to get?

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One thought on “How much should term life cost for a 40 year old man?”

  1. It depends in the type of policy you want for your life insurance. For $100,000 term policy, you can get good rates at $8-$10 per month. For $300,000 policy, rates could go around $15-$25 per month. And for $1,000,000 policy, it could go around $150-$200 per month.

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