Married Couples Life Insurance Rates (2024)
Affordable married couples life insurance rates help relieve financial burden in the event of death. When you buy married couples life insurance, you will need to decide what type of policy you want to carry. A term life insurance policy is more affordable, but a whole life policy provides longer coverage for you and your spouse.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Apr 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Apr 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- There are many options when it comes to married couples life insurance
- Choosing a whole or term life insurance policy will ensure your loved ones are taken care of if something were to happen to you
- The average cost of married couple life insurance rates varies drastically between companies
Getting married is a memorable time in life, but it comes with some added responsibility. Ensuring your spouse is financially okay if you pass away is a critical concern. This leads many people to look for affordable married couples life insurance.
Understanding whole life insurance and term life insurance options will give you a solid foundation to decide what type of policy will work best for you and your spouse. Additionally, you will want to look into single policies, as well as joint policies.
To compare married couples life insurance quotes, simply enter your ZIP code here and see rates from top companies.
Is term or whole life insurance better for married couples?
There are advantages to both term and whole life insurance options for married couples. Knowing the differences will make it simpler to decide which type of policy is going to work best for you and your spouse. Let’s take a look at the basics of each.
Term Life Insurance
When you opt into a term life insurance policy, there will be a set amount of time that the policy is in effect. This means that if you pass away during that timeframe, your loved one would be paid the amount of the policy. Term life insurance is typically more affordable.
Whole Life Insurance
Whole life insurance for married couples will last your entire life. Additionally, it builds cash value. This type of coverage pays out no matter when you die. You can also take a loan out against a whole life policy that can be helpful in the case of a financial emergency.
Married couples life insurance rates on whole life coverage are higher. It is important to note that men and women will pay different rates. Here is a look at some sample rates from State Farm to give you an idea of what you may be paying for life insurance.
State Farm Average Monthly Guaranteed Issue Whole Life Insurance Rates by Age and Gender| Age | $100,000 Policy Average Monthly Rates (Female) | $100,000 Policy Average Monthly Rates (Male) | $250,000 Policy Average Monthly Rates (Female) | $250,000 Policy Average Monthly Rates (Male) | $500,000 Policy Average Monthly Rates (Female) | $500,000 Policy Average Monthly Rates (Male) |
|---|---|---|---|---|---|---|
| 25-years-old | $84.91 | $93.70 | $203.14 | $225.12 | $400.19 | $444.14 |
| 30-years-old | $97.35 | $107.71 | $234.24 | $260.14 | $462.39 | $514.19 |
| 35-years-old | $112.93 | $128.24 | $273.19 | $311.47 | $540.29 | $616.84 |
| 40-years-old | $132.15 | $153.90 | $321.24 | $375.62 | $636.39 | $745.14 |
| 45-years-old | $156.17 | $190.79 | $381.29 | $467.84 | $756.49 | $929.59 |
| 50-years-old | $191.66 | $234.90 | $470.02 | $578.12 | $933.94 | $1,150.14 |
| 55-years-old | $243.17 | $294.84 | $598.79 | $727.97 | $1,191.49 | $1,449.84 |
| 60-years-old | $311.63 | $399.24 | $769.94 | $988.97 | $1,533.79 | $1,971.84 |
| 65-years-old | $421.69 | $528.00 | $1,045.09 | $1,310.87 | $2,084.09 | $2,615.64 |
As you can see, life insurance for men is a bit more costly. Shopping around is the best way to guarantee you are getting the most affordable life insurance coverage.
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Should a married couple get a joint life insurance policy?
Joint life insurance for married couples is commonly chosen. Many couples prefer it because it is easier to pay one bill rather than two. Additionally, these policies tend to be cheaper.
A joint life insurance policy will be one policy that covers both people. There are two different types of joint life policies.
- First-to-die life insurance: This policy will pay out when one person passes away. Afterward, it ends and the surviving spouse can use the money. This is an uncommon type of policy that is not available with all insurance companies.
- Second-to-die life insurance: This is also known as survivorship life insurance. It does not payout until both parties have passed away. Wealthy couples tend to buy this type of policy so they can leave money to their children or other family members.
A joint policy may be convenient but it might not be the best choice for all married couples. Separate policies will ensure your spouse is financially taken care of and tends to have fewer stipulations.
When you are ready to buy married couples life insurance, enter your ZIP code here and compare quotes from top-rated companies.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.