$25,000 Term Life Insurance Policy: What are my options?

$25,000 Term Life Insurance
Table of Contents
    Add a header to begin generating the table of contents

    A $25,000 term life policy may sound perfectly reasonable, but the truth is that your options can be pretty limited if this is the kind of coverage you’re looking for.

    Most life insurance carriers actually have minimum coverage amounts of at least $50,000 or even $100,000. You may not know, but not all companies offer $25,000 term life insurance. 

    What are your $25,000 Term Life Insurance options?

    You can get life insurance rates for $25,000 term life insurance policies yourself right on this page, but keep reading to learn more about your options. Nevertheless, if a $25,000 life insurance policy is what you want, you do have some possibilities.

    Helpful Links: Life Insurance Types

    In this article we’re going to show you how to buy a smaller amount of life insurance coverage like $25,000 term life and tips for finding the best company at the lowest cost.

    Sample Life Insurance Quotes for $25,000

    We did the research for you. The sample life insurance quotes below are from 30-years old to 80-years old. The sample quotes below were calculated for a man in good health.

    10 Year Term Life Insurance Quotes

    With a 10 year term life insurance policy, your premiums are fixed for a term period of ten years. Once this term ends, the premiums will go up annually thereafter. A 10-year term life policy is typically the lowest priced plan that any company will offer.

    Coverage Amount:$25,000
    30 Years Old$6.87
    40 Years Old$7.29
    50 Years Old$9.59
    60 Years Old$15.62
    70 Years Old$28.58
    80 Years Old$206.28

    15 Year Term Life Insurance Quotes

    Just like we described above for 10-year term, a 15-year term life will provide coverage for a period of 15 years.

    Coverage Amount:$25,000
    30 Years Old$6.89
    40 Years Old$7.72
    50 Years Old$10.77
    60 Years Old$19.55
    70 Years Old$39.41
    80 Years OldN/A

    20 Year Term Life Insurance Quotes

    Did you know that 20-year term life insurance is the most frequently purchased term length? It’s a great policy as covers you for a significant amount of time and is very affordable. 

    Coverage Amount:$25,000
    30 Years Old$7.03
    40 Years Old$8.22
    50 Years Old$12.33
    60 Years Old$24.62
    70 Years OldN/A
    80 Years OldN/A

    30 Year Term Life Insurance Quotes

    Typically the longest term length, 30-year term is frequently used for replacing your income or covering your mortgage. Younger people who want a policy to cover them until retirement usually want 30-year term life insurance.

    Coverage Amount:$25,000
    30 Years Old7.7
    40 Years Old$9.57
    50 Years Old$16.25
    60 Years OldN/A
    70 Years OldN/A
    80 Years OldN/A

    Best Companies for $25,000 Term Life

    When it comes to buying $25,000 life insurance, some companies are better than others. You’ll want a financially strong company who can offer competitive rates. Let’s look at a couple of the strongest options available.

    Pro Tip: Every company has their own unique underwriting guides. That means that the best deal will depend on which company looks at your health and lifestyle most favorably. Age, health, medications and other factors will determine the best deal available.

    Transamerica Term Life Insurance

    With competitive rates and coverage starting at $25,000, Transamerica is a great option, and a flexible one at that.

    Issue ages for term life insurance start at 18 and go all the way up to 80, which is fantastic seeing as some other insurance providers do not cover people who are past their 60s or 70s.

    Term lengths are offered at ten, fifteen, twenty, twenty five, and thirty years, which is pretty standard for this kind of life insurance.

    Transamerica No Medical Exam Required

    Another bonus of Transamerica is that $25,000 term life insurance policies do not require anyone under 70 to get a medical exam before approval. In fact, no medical exam is required for policies up to $99,000 if you’re 60 years old or younger. If you’re between 61 and 70, no medical exam is required for policies up to $50,000.

    Transamerica Underwriting

    That said, you should still expect Transamerica to order your medical records, as this information will strongly influence whether they can approve your coverage.

    This underwriting decision usually takes about three or four weeks after your application is submitted.

    It’s worth mentioning that this is especially good news if you live in the state of New York. New York has limited options for getting life insurance without an exam, but Transamerica is one of the few available. Now, if you are deemed to be “high risk” that doesn’t necessarily mean Transamerica won’t insure you.

    During the underwriting process, Transamerica will request your physician’s records, and may approve you based on only your medical history. Now let’s take a look at what you can expect in terms of pricing.

    Transamerica rates for a $25,000 policy

    For this example, let’s say Bill is a reasonably healthy 65-year-old male non-smoker applying for $25,000 in coverage and is looking at 10 and 15 year term life insurance policies.

    Let’s look at some example life insurance rates with Transamerica for a 65-year-old male

    • 10 Year Term: $47.43 Monthly
    • 15 Year Term: $54.56 Monthly

    As you can see, the rates go up with the term length, but Transamerica still offers pretty reasonable pricing for someone who is 66 years old.

    Keep in mind that had Bill been a smoker, the rates would have been higher.

    Helpful Links: Transamerica Life Insurance Company Review

    Fidelity Term Life Insurance

    This is another option for term life insurance, and it is an especially good choice if you want to get life insurance in place quickly. We reviewed the quickest companies for application approvals and Fidelity was one of the fastest. You can read more by heading over to our fast life insurance reviews post.

    Transamerica may take weeks, but Fidelity Life will usually look over your application and decide whether or not to approve you within 24 hours.

    fast life insurance approvalThis “Rapid Decision Express” insurance coverage from Fidelity offers between $25,000 and $250,000 in death benefits and requires no medical exam.

    Instead, it largely just involves you answering a few questions about your health. This is great in that it saves time, but it also means that they are unlikely to approve those with pre-existing health conditions.

    These policies are available for people ages 18 through 65, but the term life insurance is good to age 95. The initial term options are available in 10, 15, 20 and 30-year time periods, although the actual term you will be able to get depends on your age. After the term is over, your rate will increase each year through age 94. 

    Helpful Links: Fidelity Term Life Insurance Reviews

    Fidelity rates for a $25,000 policy

    Now let’s look at what Fidelity will offer a 65 year old in terms of a $25,000 term life insurance policy.  Due to his age, with Fidelity Life the only option will be a ten year term policyFor a male 65-year-old non-smoker, Fidelity offers a rate of $46.07 per month (for 10 years).

    Key Differences between Transamerica Life Insurance and Fidelity Life

    Now that we’ve gone over each of these options, let’s review the main differences between them:

    • Fidelity Life takes 24 hours to approve someone
    • Transamerica will take a few weeks to approve.
    • Fidelity Life only offers policies up to age 65
    • Transamerica offers policies up to age 80
    • Fidelity Life won’t approve those who are considered high risk or have any pre-existing conditions
    • Transamerica will approve some pre-existing conditions

    Bottom line

    Securing coverage at affordable rates for a $25,000 life insurance policy is available. Use our quote tool on this page to compare rates. You can also contact us to get a customized quote and learn more about getting the right life insurance coverage for you.

    We look forward to helping you secure coverage.

    Thank you for reading, $25,000 Term Life Insurance. Please leave a comment or question below.

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

    Share this post with your friends & Family