How Much Does a $100,000 Life Insurance Policy Cost?

A $100,000 life insurance policy can cost very different amounts depending on the person. There is no single price, because premiums are calculated based on factors like age, health, lifestyle and occupation.

Before getting a personalised quote, it helps to see some realistic examples.

Illustrative monthly estimates for term life insurance:

• 25 year old female, non smoker, 20 year term: approximately $8 to $12 per month
  
• 30 year old male, non smoker, 20 year term: approximately $10 to $16 per month
  
• 35 year old female, non smoker, 20 year term: approximately $12 to $18 per month
  
• 40 year old male, non smoker, 20 year term: approximately $18 to $28 per month
  
• 45 year old female, non smoker, 15 year term: approximately $22 to $35 per month
  
• 50 year old male, non smoker, 10 year term: approximately $35 to $55 per month
  

These examples are indicative, but they highlight how strongly age influences pricing. The earlier cover is put in place, the more predictable and manageable premiums tend to be.

Your own premium may differ, which is why a personalised quote is important.

The fastest way to know your exact cost is to get an instant quote.

What Impacts the Cost?

Life insurance pricing is based on risk. Insurers assess how likely it is they will need to pay a claim during the policy term.

The biggest factors usually include:

Age

Premiums typically increase as you get older unless you choose a Level Term policy

Health history

Your medical background and current health influence both eligibility and pricing.

Smoking status

Smokers usually pay higher premiums due to increased health risk.

Occupation and activities

Higher risk roles or hazardous hobbies can affect the cost.

Policy length

Longer terms generally cost more because the insurer is covering you for a greater period of time.

What Is That $100,000 Meant to Do?

Before choosing a cover amount, it is worth considering the role that money would play in your household.

If your income suddenly stopped, where would the financial pressure show up first?

A $100,000 policy is often used to:

• Help cover the mortgage or rent for a period of time
• Cover funeral costs (usually around $10,000 to $15,000)
  
• Reduce debt so ongoing expenses feel more manageable
  
• Provide a financial cushion for a partner
  
• Support children through a transition
  
• Give your household space to adjust without immediate financial strain
  

Is $100,000 Enough?

For some people, it is a practical starting point. For others, especially households with larger financial commitments, it may only cover part of what is needed. The right amount is the one that protects your household in a meaningful way, not just the first number that feels comfortable. Putting cover in place while you are healthy typically keeps more options available and makes planning easier.

Get an Instant Quote

If you want to see what $100,000 of life cover would cost for you, the most accurate answer comes from a personalised quote.

Get an instant quote today and see exactly what your cover could look like.

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