This article is all about $25,000 whole life insurance policies, including where to find them, get them, qualify for the best rate, and the many benefits of whole life insurance.
Table of Contents
- What are the benefits of whole life insurance?
- Quotes for ages 20-45
- Quotes for ages 50-59
- Quotes for ages 60-69
- Quotes for ages 70-79
- Quotes for ages 80-85
- How Do I Qualify?
- How We Can Help
What is the benefit of a $25,000 Whole Life Insurance Policy?
First, let’s begin with a brief definition of whole life insurance.
A whole life insurance policy is a lifetime contract between the person taking out the policy (the insured), and insurance company (the insurer), where in exchange for the insured’s promise to make premium payments, the insurer agrees to pay out a death benefit upon the death of the insured, to the insured’s beneficiary.
The majority of people will buy a $25,000 life insurance policy to cover final expenses. Just know that the these are typically final expense insurance policies.
And the good news is many top rated life insurance companies offer smaller whole life insurance options for anyone seeking burial or final expense insurance.
Ultimately, the best company for you will come down to your specific needs and your health and lifestyle.
Benefits of Whole Life Insurance
There are three primary benefits, or guarantees, of whole life insurance.
Whole life insurance guarantees include:
- Guaranteed death benefit protection
- Guaranteed level (fixed) premium
- Guaranteed Cash Value
Guaranteed Death Benefit
Basically, your death benefit is guaranteed as long as you follow through on your side of the bargain and make your whole life premium payment. That way, when you die, you life insurance beneficiary will receive your death benefit payout, guaranteed.
Fixed Premiums
Your premium will never increase throughout your lifetime, which is good news so you know how much to budget for. No surprise rate hikes. What you agree to pay at the start of your policy is what you will pay throughout your entire lifetime.
Cash Value Growth
And your cash value grows as you make premium payments. Overtime, you can access your cash surrender value either through a withdrawals (partial or all) or life insurance loans. You can use the cash for whatever you choose.
Most companies even allow you to use your cash value to pay premiums for a period of time, so if you are in a bind and can’t make your premium payment, you can simply use the cash value in your policy.
Another benefit of whole life cash value is that you will eventually have so much cash surrender value that you can request a “reduced paid-up” life insurance policy.
That means the insurance company will use your cash value to purchase a paid-up policy, so you have a policy that you will never have to pay another premium on.
But What About Term Life Insurance?
Often when people are looking for a $25,000 life insurance policy they wonder what a term life insurance policy would cost.
And yes, a $25,000 term life insurance policy will cost less than whole life. But term life will end. At that point you will have no more coverage. The vast majority of term life policies expire worthless.
And beware of companies that offer cheap introductory rates, only to have the premium increase every 5 years.
$25,000 Whole Life Insurance Policy Rates
The following sample whole life insurance quotes are for informational purposes only. All life insurance rates are subject to change.
All premium quotes are for a $25,000 whole life insurance policy, with fixed premiums, guaranteed death benefit, and guaranteed cash value growth.
$25,000 Whole Life Insurance Rates ages 20-45
All whole life premiums shown below are fixed and will not increase.
| Age | Male | Female |
|---|---|---|
| 20 | 25.88 | 24.96 |
| 25 | 27.96 | 27.23 |
| 30 | 30.98 | 30.45 |
| 35 | 35.22 | 34.43 |
| 40 | 40.08 | 38.81 |
| 45 | 48.15 | 44.6 |
$25,000 Whole Life Insurance Rates ages 50-59
All whole life rates shown below are fixed and will stay the same for your lifetime.
| Coverage Amount | $25,000 | $25,000 | $25,000 |
|---|---|---|---|
| Policy Type | Level Benefit | Graded Benefit | Guaranteed Issue |
| 50 | 64.8 | 82.09 | 108.85 |
| 51 | 67.83 | 84.41 | 117.1 |
| 52 | 71.06 | 89.02 | 124.67 |
| 53 | 74.48 | 93.65 | 131.77 |
| 54 | 78.05 | 98.28 | 137.96 |
| 55 | 81.55 | 102.91 | 143.46 |
| 56 | 85.36 | 107.55 | 147.58 |
| 57 | 89.33 | 112.16 | 151.25 |
| 58 | 93.07 | 119.11 | 154.46 |
| 59 | 96.97 | 126.06 | 156.75 |
$25,000 Whole Life Insurance Rates ages 60-69
All whole life quotes shown below are guaranteed to stay the same for your lifetime.
| Coverage Amount | $25,000 | $25,000 | $25,000 |
|---|---|---|---|
| Policy Type | Level Benefit | Graded Benefit | Guaranteed Issue |
| 60 | 101.54 | 132.98 | 158.35 |
| 61 | 106.15 | 139.93 | 170.04 |
| 62 | 111.28 | 146.88 | 181.04 |
| 63 | 117.09 | 156.12 | 191.58 |
| 64 | 123.56 | 165.39 | 201.67 |
| 65 | 130.03 | 176.97 | 211.52 |
| 66 | 137.54 | 188.53 | 220.23 |
| 67 | 144.4 | 200.11 | 227.79 |
| 68 | 152.17 | 213.99 | 234.89 |
| 69 | 159.55 | 230.18 | 241.08 |
$25,000 Whole Life Insurance Rates ages 70-79
All whole life insurance quotes shown below are guaranteed to stay the same for your lifetime.
| Coverage Amount | $25,000 | $25,000 | $25,000 |
|---|---|---|---|
| Policy Type | Level Benefit | Graded Benefit | Guaranteed Issue |
| 70 | 169.94 | 246.58 | 246.58 |
| 71 | 180.33 | 267.26 | 269.04 |
| 72 | 191.72 | 288.64 | 291.04 |
| 73 | 204.11 | 310.64 | 311.67 |
| 74 | 217.56 | 333.74 | 330.92 |
| 75 | 232.07 | 357.39 | 347.42 |
| 76 | 262.79 | 386.1 | 405.85 |
| 77 | 280.53 | 422.84 | 462 |
| 78 | 300.53 | 462.44 | 515.85 |
| 79 | 319 | 501.25 | 567.41 |
$25,000 Whole Life Insurance Rates ages 80-85
All whole life insurance rates shown below are fixed for life and will not increase.
| Age | Level Benefit | Graded Benefit | Guaranteed Issue |
|---|---|---|---|
| 80 | 344.52 | 534.58 | 616.91 |
| 81 | 370.06 | 579.04 | 691.74 |
| 82 | 395.61 | 608.96 | 711.84 |
| 83 | 422.75 | 636.24 | 788.61 |
| 84 | 449.90 | 660.44 | 826.87 |
| 85 | 477.04 | 669.79 | 865.38 |
How Do I Qualify for Coverage?
As you can see in the sample quotes above, there are three types of coverage you can qualify for.
Because a $25,000 life insurance policy has a lower face amount, companies will offer simplified issue, or non-medical exam policies.
The three types of coverage are:
- Level or Fully Underwritten
- Graded Benefit
- Guaranteed Issue
Level or Fully Underwritten
Depending on the insurance company, a standard policy for someone in average to exceptional health will be a level or fully underwritten policy. These policies pay the FULL death benefit from day 1.
These policies will require no medical exam, but there will be health questions involved. Some companies will ask a lot of questions and some companies will require answers to just a handful of questions.
Just know, if you are relatively healthy, the more questions you answer the more affordable your life insurance premium will be.
And some of the more attractive non-medical options from top whole life insurance companies offer dividend paying whole life insurance.
Graded Benefit Whole Life Insurance
A graded benefit policy is one that will NOT pay the full death benefit right away.
Rather, the full death benefit is graded, meaning it comes over time, either 2 or 3 years after the policy began.
For example, a company may offer full premium reimbursement plus an additional 10% in year one. And in year 2, 30% of the death benefit would be paid out, with the full death benefit payable in year 3 and onward.
Companies do this because the graded benefit policy is for people with pre-existing conditions that cannot qualify for a level policy, but they are healthier than those who can only qualify for guaranteed issue life insurance.
Typically, with graded benefit there will be some health questions. However, a graded benefit policy will be much easier to qualify for than a level or fully underwritten policy.
Guaranteed Issue
Guaranteed issue life insurance is available for anyone who meets the age requirements and lives in eligible states where the particular product is available.
With guaranteed issue there are no health questions. If you meet the age and state requirements, you will be approved for life insurance coverage.
How We Can Help
At I&E, we work with the top companies offering $25,000 life insurance policies. Our familiarity with the best companies out there means we can shop around for the best deal for you, based on your specific needs.
And since we work with so many of the top life insurance companies in the U.S.A., we can provide you with many options that your typical call center will not offer.
All you have to do is give us a call to speak with an experienced life insurance agent and get your complimentary life insurance consultation.
