How much does a $500,000 life insurance policy cost?

Question

Jack Mayer · Accepted Answer

Contact Jack Mayer, and I will be able to assist you and answer all your questions. Term life would be the answer here, but many people, depending on their age and health, cannot qualify. You need to speak to an agent who can assist you and speak to any writer to see how you may come in for an application if it is even taken.

Answered by Jack Mayer on August 6, 2026

Broker Licensed in CA

Answered by Jack Mayer Life Insurance Agent

Clifford Moss · Answer

Too many factors to answer.  Depends on Age, Gender, Health and type of policy you are looking to get.

Clifford Roger Moss, Agent
Contact me.

Dominic Javier · Answer

For a healthy non-smoker in their 30s or 40s, a $500,000 20-year term life insurance policy typically costs between $23 and $60 per month. Permanent whole life coverage for the same amount is significantly more expensive, running $300 to $700+ per month depending on your age, health, and tobacco use.

Answered by Dominic Javier on August 4, 2026

Broker Licensed in TX

Answered by Dominic Javier Life Insurance Agent

Andre Cabral · Answer

A life insurance policy is customized to each individual, taking into consideration, essentially, age, gender, health conditions and what type of coverage you actually need and can afford. There's not a short answer to this question, but a licensed agent can guide you through every step, so you can make an educated decision.

Answered by Andre Cabral on September 4, 2026

Agent Licensed in NJ

Answered by Andre Cabral Life Insurance Agent

Harold Randolph · Answer

Well that depends on age and health and type of policy. I’m sure that’s not what you were looking for. 
For a 35 year old male non tobacco and good health: 

$500,000.00

20 year Term about $30 per month
30 year Term about $45 per month
Whole Life about $520 per month

For a 55 year old male non tobacco: 

20 year Term about $150 per month
30 year Term about $275 per month
Whole Life about $1,300 per month

I hope this helps..

Bonetta Culp · Answer

Age, your sex, and your health would determine the cost for a $500,000 life insurance policy. A term to age 120 would be the cheapest option and a whole life policy with cash value to policy would be more expensive.

Answered by Bonetta Culp on August 5, 2026

Broker Licensed in IA

Answered by Bonetta Culp Life Insurance Agent

How much does a $500,000 life insurance policy cost?

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How much does a $500,000 life insurance policy cost?

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