The 8 Cheapest Life Insurance

Where can you find the cheaper life insurance? A life insurance is essential when you want to protect the financial well-being of those you love the most.

However, many times your state of health or another factor can cause your rates to be extremely high in one or another company. Keep reading!


That is why here we are going to show you a list of companies that offer affordable life insurance whatever your condition.

List of 8 companies to find cheap life insurance:

Before starting with this list, it is important that you know that the price of a life insurance it can vary due to various factors such as:

  • Age.
  • Your state of health.
  • Family health history.
  • Gender.
  • The activities.
  • The duration of the policy term.
  • Smoking habit
  • Amount of coverage.

Without further ado, let’s start:

1. Banner Life

Banner Life is owned by Legal & General America and with this company you can find life insurance up to $ 7 a month and its rating by the AM Best is A + and is in the ranking of the better life insurance.


Types of life coverage offered:

  • Temporary.
  • Universal.

Let’s see below some of their rates that we have found due to the conditions of the insured:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 12.11 – $ 22.95
With excellent Health 25 – 45 Years Feminine $ 8.78 – $ 17.92
With Average health 35 – 65 Years Male $ 61.85 – $ 1,145.78
With Average health 35 – 65 Years Feminine $ 46.63 – $ 770.10
Smoker 35 years Male $ 161.49 – $ 220.14
Smoker 35 years Feminine $ 124.94 – $ 169.14

2. Pacific Life

The minimum coverage of a life insurance from Pacific is $ 50,000 and has an AM Best rating of A +.


The types of coverage it offers are:

  • Temporary.
  • Complete.
  • Universal.

In the following table we detail some rates found for term coverages offered by Pacific Life:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 10.05 – $ 17.35
With excellent Health 25 – 45 Years Feminine $ 9.13 – $ 15.37
With Average health 35 – 65 Years Male $ 61.93 – $ 1,145.79
With Average health 35 – 65 Years Feminine $ 46.72 – $ 755.47
Smoker 35 years Male $ 167.87 – $ 224.82
Smoker 35 years Feminine $ 129.62 – $ 176.37

3. Main

The minimum amount that covers Main Insurance It is $ 200,000 and has been rated by AM Best with an A +.

It offers life coverage plans such as:

  • Temporary.
  • Universal.
  • Survival.

Here are some of the rates found:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 10.00 – $ 18.00
With excellent Health 25 – 45 Years Feminine $ 9.00 – $ 16.00
With Average health 35 – 65 Years Male $ 62.57 – $ 1,177.85
With Average health 35 – 65 Years Feminine $ 47.18 – $ 764.54
Smoker 35 years Male $ 187.48 – $ 260.15

4. Protective

With Protective you can find plans to cover an amount between $ 100,000 and $ 50,000,0000. The rating it has acquired by AM Best is an A +.

Your coverage options include:

  • Temporary.
  • Complete.
  • Universal.

It is not one of the lower priced options for smokers, however look at the rates we have found for these types of customers:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 8.92 – $ 15.30
With excellent Health 25 – 45 Years Feminine $ 9.77 – $ 17.19
Chronic sick 65 – 75 Years Feminine $ 215.72 – $ 670.17
Chronic sick 65 – 75 Years Male $ 342.65 – $ 1,157.93
With Average health 35 – 65 Years Feminine $ 57.32 – $ 889.81

5. Mutual Of Omaha

Your life coverage plans cover a minimum of $ 100,000. AM Best has rated it an A +.

The types of life policies they offer are:

  • Temporary.
  • Complete.
  • Universal.

If your profile matches any of the following characteristics, then you may be interested in this option for term plans:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 13.24 – $ 21.51
With excellent Health 25 – 45 Years Feminine $ 11.29 – $ 20.64
With average health 35 – 65 Years Male $ 74.18 – $ 1,359.02
With average health 35-65 years Feminine $ 61.28 – $ 920.41

6. John Hancock

The maximum amount found that John Hancock covers in his life coverages is $ 65,000,000. It has good ratings for AM Best.

Its products offered for life coverage are:

  • Permanent.
  • Temporary.

All John Hancock life coverage products have the advantage of offering tax-free death benefits. Below are the rates for term coverage plans:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 12.04 – $ 19.78
With excellent Health 25 – 45 Years Feminine $ 11.83 – $ 17.63
With average health 35 – 65 Years Male $ 71.26 – $ 1,184.66
Smoker 35 years Male $ 181.46 – $ 368.36

7. MassMutual

MassMutual is the ideal option if you currently have quite complex financial situations.

It has options to protect your family such as:

  • Temporary.
  • Complete.
  • Universal.
  • Variable.

Their life products cover a minimum of $ 100,000 and if you are interested in their term plans, here are some of their costs that we have found:

Type of insured Age Gender Monthly rate
With excellent Health 25 – 45 Years Male $ 11.10 – $ 19.58
With excellent Health 25 – 45 Years Feminine $ 10.23 – $ 17.62
Chronic sick 65 – 75 Years Feminine $ 245.00 – $ 773.00
Chronic sick 65 – 75 Years Male $ 396.00 – $ 1,335.00
Smoker 35 years Feminine $ 149.00 – $ 203.00

8. Nationwide

Natiowide is ideal for those looking to customize their life coverages to their liking. Its rating from AM Best is A +.

The life coverage products Nationwide offers are:

  • Temporary.
  • Full.
  • Universal.
  • Survival.

Especially if you are a smoker, you will be interested in Nationwide as an option, see below the rate we found:

Type of insured Age Gender Monthly rate
Smoker 35 years Feminine $ 157.94 – $ 220.06

Frequent questions:

✅What is the cheapest life insurance?

Banner Life is the cheapest life insurance in America, as you can find term plans for up to $ 7 per month.

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