For a healthy 35-year-old non-smoker, a 20-year $500,000 term life policy costs approximately $25-35/month for men and $20-28/month for women.

Rates vary significantly based on age, health, and coverage amount.

Life insurance rates increase approximately 8-10% for each year of age.

A 30-year-old might pay $20/month while a 50-year-old pays $75/month for identical coverage.

Buying young locks in lower rates.

Choose a 20-30 year term if you have young children or a new mortgage.

A 10-15 year term works if your kids are older or you are closer to retirement.

Match your term to when dependents will be financially independent.

Yes, no-exam policies are available but typically cost 20-30% more than traditional policies with lower coverage limits (usually $500K-$1M max).

If you are healthy, a medical exam policy saves money.

Buy young (rates increase 8-10% per year), improve health (lose weight, quit smoking), choose the right term length, compare quotes from multiple insurers, and consider a medical exam policy for better rates.

Options include: let the policy lapse, renew annually at higher rates (not recommended), convert to permanent policy without new medical exam, or apply for a new term policy with new underwriting.