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Looking for the best $750,000 term life insurance rates? A $750,000 term life insurance policy is the right choice for many who want more than $500,000 of coverage, but don’t need a million dollar policy.

If your income is above $50,000 and/or are the sole provider for your family, this amount will help ensure that they can maintain their standard of living should anything happen to you.

life insurance helpGet term life quotes when you’re ready. You can start comparing quotes immediately by using our online quote form on this page. It’s free and non-committal.

Feel free to call us at 888-411-1329 for a personalized quote.

If you’re not ready to start getting quotes just yet, keep reading to learn more about getting the best rates for a $750,000 policy.

Qualifying for $750,000 Term Life Insurance

It’s no secret that your health is a major factor in determining your eligibility for life insurance.

If you are in great health with no foreseeable issues or preexisting conditions, you get the best rates.

However, your financial situation is also important both to justify the amount of insurance and to make sure you can pay the premiums.

Here is a brief a guide for the financial requirements needed to qualify for a $750,000 policy:

  • Ages 18 to 40 – 25 Times Annual Income. So, you would need to make at least $30,000 a year to qualify for a $750,000 policy.

  • Ages 41 to 50 – 20 Times Annual Income – You would need to earn $37,500 a year.

  • Ages 51 to 55 – 15 Times Annual Income – You would need to earn $50,000 a year.

  • Ages 56 to 65 – 10 Times Annual Income – You would need to earn $75,000 a year.

  • Ages 66 to 70 – 5 Times Annual Income – You would need to earn $150,000 a year.

Now, if you are 71 or older, you are most likely retired.

If this is the case, your eligibility for term life insurance will be primarily based on your overall financial situation.

You shouldn’t run into too much trouble qualifying if you are able to afford the monthly/annual rates.

The biggest hurdle for older applicants is the availability of companies. There aren’t as many companies offering coverage.

Many life insurance companies do not offer term life after certain age brackets and you may only have permanent life insurance available.

For example, some companies stop offering term life insurance after age 65.

Even some of the best life insurance companies will limit the term length available after certain ages.

A life insurance company may offer life insurance at age 65 or age 70, but they may only offer it for 10 year term.

Permanent policies such as Whole Life or Universal Life insurance can provide lifetime coverage. (See our article, Best life insurance for seniors over 60 for more information.)

$750,000 Life Insurance – How to Get the Best Rates?

You may be like many of the life insurance shoppers we speak to everyday.

It’s very common to be completely frustrated and confused with how to make sure you are finding the right policies at the best rates.

Watch the video above to see the most common errors people make when getting life insurance quotes online and shopping for term life insurance.

Make sure you work with an independent life insurance agent who has all the top term life insurance companies.

Your agent should be looking out for you and finding the life insurance companies that you can qualify for at the lowest rate available.

Trying to do this all on your own is a huge undertaking and you won’t have access to the underwriting guides.

Without access to all of the underwriting guides, you’ll be shopping blind.

You may ultimately apply with a company that will not provide you the lowest rate based on a variety of factors that your agent will explain.

Expert Tip: The company with the lowest quote usually isn’t the best deal. It’s the company who will approve you at the best health class rating.

The Best Life Insurance Companies for a $750,000 Policy

Many companies offer $750,000 term life insurance policies, but they vary tremendously in regards to rates and services.

The following three are an example of some of the best priced life insurance companies for a $750,000 policy.

Although we do work with other life insurance companies like Prudential, Transamerica, American General and others that are competitive, these are the top three.

$750,000 Term Life Insurance Rates

Banner Life: Given a superior rating by A.M. Best (A+) and offering low rates, Banner Life is a large company with a large reputation for providing good life insurance coverage for less.

Protective Life: This company also has a superior rating from A.M. Best, and its premiums are usually just as low as Banner Life’s. It also has a wide range of riders that you can tack onto your policy to customize your coverage needs.

SBLI: Like the other two companies mentioned here, SBLI offers low rates and has a superior rating from A.M. Best. Unfortunately, if you are 70 years of age or older you should be aware that SBLI only offers policies up to $500,000 for your age group. If you are younger, SBLI will be among your top options for life insurance providers due to its low rates. It is a smaller company, and term life insurance comes as either guaranteed (premiums stay the same throughout the term) or renewable (premiums renewed every year and based on current age).

Rate Examples for $750,000 Term Life Coverage

Now that we’ve covered the basics, let’s take a look at the rates for a $750,000 term life policy on a 20-year term.

These numbers should not be misinterpreted as the rates you will definitely be offered, but rather as examples that are representative of real life.

Let’s say Bill is a 40-year old non-smoker in great health.

As you can see here, he is offered a wide range of rates for the same policy, but Banner Life, SBLI and Protective Life remain the lowest.

Life Insurance Prices per Month

$750,000 Term Life Insurance Rates

Ready for your own personalized instant life insurance quotes?

Feel free to use the quote comparison tool on our website.

You’ll be able to instantly compare $750,000 Term Life Insurance Rates or any other benefit amount. Compare 10, 20, and 30 year term or even Guaranteed Universal Life up to age 121.

You can always give us a call at 888-411-1329 to get a customized quote based on your specific health and lifestyle.

Just know that we have access to dozens of top rated life insurance companies. You won’t be pressured to buy and you’ll get unbiased advice. Remember, we work for you – not the insurance companies.

We look forward to helping you protect your loved ones.

Thank you for reading our post, $750,000 Term Life Insurance Rates. Please leave a comment or question below.

Please visit our article, Life Insurance Payout Amount if you’re looking to learn about other benefit amounts such as $500,000 or $2 Million dollar life insurance.

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Michael Quinn

Michael Quinn is the owner of Life Insurance Blog. If you have specific questions or face challenges getting coverage. Please email or call me a call at 888-411-1329 - Either way, I'm happy to help you.

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