10 Best Term Life Insurance Companies of 2025
Best for affordable term life with high coverage
- Best for adults 20 to 60
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Term Life policy starting around $8 a month
Best for bundling life insurance with other policies
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Get discounts on auto insurance when you secure life insurance
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Best for those ages 25-54
Best for flexible term policies & living benefits
- Term Life Insurance up to $10M+
- Apply 100% Online or with the Help of an Agent
Best for flexible term life with conversion options
- Strong financial rating
- Living/ accelerated death benefits
- Spouse protection
Best for comprehensive coverage and financial planning
- Income tax-free death benefit
- Convert some policies to long-term protection
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Best for comparing quotes to find the best rates
- Best for consumers 45 years and older
- Save up to $6,000 over the lifetime of your policy
Best for indexed universal life with cash value growth
- Tailored life insurance, annuities, and retirement solutions through SelectQuote
- Committed to environmental and social responsibility initiatives
Best for affordable term life with high coverage
- Best for adults 20 to 60
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Term Life policy starting around $8 a month
Legal & General Life Insurance
About Legal & General America Term Life Insurance:
Legal & General America, backed by 180+ years of global experience through the Legal & General Group, offers term life insurance through Banner Life and William Penn, depending on your state. Their policies are built for real-life—simple, flexible, and affordable. Coverage starts at $100,000, with guaranteed level premiums and a tax-free death benefit. Optional riders, conversion to permanent coverage, and accelerated underwriting may also be available based on your health.
- Term Lengths
- 10, 15, 20, 25, 30, 35, or 40 years
- Coverage Amounts
- $100,000 – $10,000,000+
- Premium
- Locked-in rates for the full term
- Convertibility
- Option to convert to permanent coverage with no new medical exam
- Death Benefit
- Tax-free lump sum paid to beneficiaries
Cost and Affordability:
Policies can cost as little as $8 per month, depending on your age, health, term length, and coverage amount. Legal & General America is consistently rated among the most affordable term life insurers for healthy individuals.
Eligibility & How to Apply:
U.S. residents ages 20 to 75 can apply online by requesting a personalized quote. Most applicants complete a brief health review, though some may skip the medical exam through accelerated underwriting. Once approved, coverage can begin immediately with your first payment.
You could get coverage starting at $8/mo*
Amica Life Insurance
About Amica Term Life Insurance:
Amica has been serving policyholders for over a century and is recognized for outstanding customer service. With strong financial ratings and a trusted reputation, Amica’s level term life insurance provides affordable, predictable premiums for 10 to 30 years, helping families protect income, pay off mortgages, and cover future expenses with confidence.
- Term Lengths
- 10, 15, 20, 25, or 30 years
- Coverage Amounts
- Flexible policy sizes, typically starting around $100,000 and going up to $1,000,000+ depending on eligibility and need.
- Premiums
- Level premiums that remain fixed for the entire selected term.
- Death Benefit
- Tax-free death benefit paid to your beneficiaries if you pass away during the term.
- Convertibility
- Option to convert to whole life without a new medical exam; renewable coverage available up to age 100.
- Extra Features
- Accelerated death benefit available if diagnosed with a terminal illness.
Eligibility & How to Apply:
Applicants can begin online or by phone, with a short health questionnaire and possible medical exam. Some may qualify without an exam. Coverage typically starts once underwriting is complete and the first premium is paid.