Accurate, 20 Year Term Insurance Quotes.

20 year term life insurance quotes

Need a 20 year term life insurance policy?

A 20 year term life insurance policy is a life insurance policy that lasts for 20 years. Term policies offer level premiums, which means you will lock in your premiums for 20 years once you qualify and are approved for the policy.

You have a few different options when choosing a 20 year term policy

  • A fully underwritten policy that requires a medical exam
  • A simplified underwritten option that does not require a medical exam

We created a one of kind quote engine, it automatically shows you the best rates from the top no exam life policies and fully underwritten policies. Local Life Agents is the only life insurance agency with this technology.

We show you the top rates from every company, side by side, which will save you the hassle of trying to find a better rate by going site to site. Filling out a quote form on multiple sites is the worst way to shop for life insurance.

Once you’ve run your quotes and found a policy you like, then you need to find out what the guidelines are to qualify for it. Every life insurance company will have different underwriting guidelines and your health and other factors will determine if you qualify.

Helping you determine if you qualify before you apply takes a skilled agent. That’s where we come in. It’s our mission to save you time and money on term life insurance.

Should I get a 30 or 20 year term life insurance policy?

20 year vs 30 year

That is a difficult question that only you can answer. What you need to look at is your budget and determine whether a 20 year or 30 year policy is right for you. A 30 year policy will cost more than a 20 year policy, especially as you get older. We think you should lock in a term policy for as long as your budget allows, especially while you are young and healthy because you never know what life has in store. Take a look at the quote for a 35 year old male, below. If you lock in a rate when you are young, the price difference is not that much, but the longer you wait, the larger the gap in price. This gap in price would be significantly more if you ran quotes for a 50 year old.

20 Year Term Policy


30 Year Term Policy


20 Year Term FAQ

What is a 20 year level term life insurance policy?
A level term policy means that the premiums remain the same for 20 years.  Once the policy is approved and issued the rates will be locked in at a level rate for the rest of the 20 years.
What is the average cost for 20 year term life insurance?
Every person will have a different cost. So many factors go into the cost calculation, including age, death benefit and your health.  The best way to see the average cost for a 20 year term life insurance policy is to run quotes using our quote engine, which is free.
Which is better? A 30 or 20 year term life insurance?
We wouldn’t say one is better than the other, but with a 30 year policy, you lock in the level rates for an extra ten years.  So, if you can afford a 30 year plan, it’s always smart to lock in the rate when you’re young and healthy.
Can I get a 20 year term life insurance policy with no exam?
Yes, you can get a 20 year policy without having to take a medical exam. We have over 7 carriers that will offer a no medical exam 20 year term life insurance policy.  We have one carrier that can offer up to $1,000,000 death benefit with no exam, as long as you’re healthy. The policy can typically be issued in 24 to 48 hours.

Male Preferred Best Non-smoker Rate Chart by Age

These term rates are subject to underwriting.

Age $250,000 $500,000 $1,000,000
37 $16 $25 $45
42 $22 $38 $69
47 $34 $62 $117

Female Preferred Best Non-smoker Rate Chart by Age

These term rate charts are subject to underwriting.

Age $250,000 $500,000 $1.000,000
37 $14 $22 $37
42 $19 $31 $56
47 $26 $47 $86

Ready to shop? Get Instant Quotes