How much is a $500,000 life insurance policy?

Average cost of $500K life insurance

Example monthly premiums for a healthy 40-year-old male and female, non-smoker. Ranging from 10 to 30-year term life insurance policies, Ethos can provide as much life insurance as you need at an affordable rate (prices quoted are for our fully underwritten term policy).

Life insurance protects the ones you love most

Your life insurance coverage secures your family’s financial future and can help cover living expenses, debt, mortgage payments, education, and more.

How much coverage do you need?

Debt + Income + Mortgage + Education= Total

$500K in coverage can go a long way towards protecting your family should something unexpected happen to you. Many experts recommend having at least 10X your annual salary in coverage. You can also use the DIME formula as a starting point in calculating your life insurance needs. DIME is an acronym for Debt, Income, Mortgage and Education.

Debt -Total monetary value of all debt (student loans, credit cards, etc.)
Income - Income replacement for needed years ($50,000 salary x 10 years = $500,000)
Mortgage - Mortgage balances or housing costs
Education - Anticipated amount of funds to pay your child’s tuition

Why thousands of Americans choose Ethos

Ethos makes it easy to apply for life insurance that’s tailored to your budget and coverage needs.

Fast, easy, free application

Our straightforward online application can be completed in minutes—without confusing paperwork or phone calls with sales agents.

Affordable, personalized coverage

We offer a wide variety of coverage options to fit your budget and give you the coverage you actually need.

No pushy agents or hidden fees

Our team of agents is salaried, so you don’t have to worry about dealing with commissioned sales agents.

Cancel easily

If you change your mind within the first 30 days of activating your coverage, we’ll refund your payment in full. And with Ethos, you can cancel your policy anytime with no extra fees.

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See estimated prices for $500K in life insurance coverage.

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$500K term life insurance policy