How Much Would $500K Life Insurance Cost? 
It 's going to depend on a number of things such as are you looking for term -LRB- and how long - 10 , 15 , 20 , 25 , or 30 years -RRB- or permanent insurance , your age , full underwriting or non-medical -LRB- this is mainly for term insurance or low levels of permanent coverage -RRB- , which carrier you 're applying through , and the risk classification you qualify for . Any quotes provided without knowing more about your specific situation are pretty much useless . Depending on all of these factors , you could be looking at prices anywhere from $ 15 a month to over several hundred per month . The risk classification is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class you qualify for with a carrier depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . It 's best to consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget and which carrier will offer it to you at the lowest cost . I hope the information is helpful - please feel free to contact me for help -LRB- including quotes -RRB- or if you have any other questions . Thanks very much . 