Best Term Life Insurance Companies of 2025

Protect your loved ones’ financial future

Compare top term life insurance providers and gain peace-of-mind with a great policy.
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2
Term life insurance policies starting around $8/month
Top Ranked Choice
1
Options for immediate coverage – with no medical exam
3
Get $1 million in coverage for less than $1 a day.
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Valid as of April 29, 2025
1
Top Ranked Choice

Options for immediate coverage – with no medical exam

1 Rank

Options for immediate coverage – with no medical exam

  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
2

Term life insurance policies starting around $8/month

2 Rank

Term life insurance policies starting around $8/month

  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision
  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision
  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision
3

Get $1 million in coverage for less than $1 a day.

3 Rank

Get $1 million in coverage for less than $1 a day.

  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
4

Instant Term life insurance starting at $10/month

4 Rank

Instant Term life insurance starting at $10/month

  • Coverage from $100K to $3M
  • No medical exam or blood tests ever
  • 5-minute online application
  • Coverage from $100K to $3M
  • No medical exam or blood tests ever
  • 5-minute online application
  • Coverage from $100K to $3M
  • No medical exam or blood tests ever
  • 5-minute online application
5

Apply 100% online in 5 minutes

5 Rank

Apply 100% online in 5 minutes

  • Up to $3M in term policy with 30-day money-back guarantee
  • Up to 30 year terms available
  • No medical exams, just health questions
  • Up to $3M in term policy with 30-day money-back guarantee
  • Up to 30 year terms available
  • No medical exams, just health questions
  • Up to $3M in term policy with 30-day money-back guarantee
  • Up to 30 year terms available
  • No medical exams, just health questions
6

You Could Save Up To $6K On Life Insurance With An Agent

6 Rank

You Could Save Up To $6K On Life Insurance With An Agent

  • Protect your family with life insurance—some policies less than $1/day
  • Save Up to 50% on coverage in Just 15 Minutes
  • Compare options from multiple highly rated carriers in one place
  • Protect your family with life insurance—some policies less than $1/day
  • Save Up to 50% on coverage in Just 15 Minutes
  • Compare options from multiple highly rated carriers in one place
  • Protect your family with life insurance—some policies less than $1/day
  • Save Up to 50% on coverage in Just 15 Minutes
  • Compare options from multiple highly rated carriers in one place
7

Instant quotes with immediate coverage if approved

7 Rank

Instant quotes with immediate coverage if approved

  • As little as 5 minutes to apply
  • Monthly premiums as low as $11
  • Coverage options to fit your budget & needs
  • As little as 5 minutes to apply
  • Monthly premiums as low as $11
  • Coverage options to fit your budget & needs
  • As little as 5 minutes to apply
  • Monthly premiums as low as $11
  • Coverage options to fit your budget & needs
8

Dependable coverage starting at $25K

8 Rank

Dependable coverage starting at $25K

  • Competitive premiums and benefits
  • Customized policies perfect for your needs
  • Enjoy peace of mind with one-on-one guidance
  • Competitive premiums and benefits
  • Customized policies perfect for your needs
  • Enjoy peace of mind with one-on-one guidance
  • Competitive premiums and benefits
  • Customized policies perfect for your needs
  • Enjoy peace of mind with one-on-one guidance
9

Coverage amounts between $50,000–$1,000,000

9 Rank

Coverage amounts between $50,000–$1,000,000

  • No doctor visits required
  • 100% online application
  • Term Lengths 10–30 years
  • No doctor visits required
  • 100% online application
  • Term Lengths 10–30 years
  • No doctor visits required
  • 100% online application
  • Term Lengths 10–30 years
10

Plans as low as $4/month

10 Rank

Plans as low as $4/month

  • Term and whole life coverage options $2k-$10M
  • Get a personalized policy recommendation and apply in 10 min or less
  • No sales calls or medical exams
  • Term and whole life coverage options $2k-$10M
  • Get a personalized policy recommendation and apply in 10 min or less
  • No sales calls or medical exams
  • Term and whole life coverage options $2k-$10M
  • Get a personalized policy recommendation and apply in 10 min or less
  • No sales calls or medical exams
The ranks shown are based on commercial considerations and do not reflect a specific evaluation of product performance.
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Top Ranked Choice

Top Ranked Choice

Options for immediate coverage – with no medical exam

1 Rank

Options for immediate coverage – with no medical exam

  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent

What Is Term Life Insurance?

Term life insurance is one of the simplest and most affordable ways to provide financial protection for your loved ones. When you purchase a term life insurance policy, you agree to pay a fixed monthly or annual premium for a specific duration – typically 10, 20, or 30 years. In return, the insurance company promises to pay a death benefit to your beneficiaries if you pass away during that term.

This payout can be used to replace lost income, cover the mortgage, pay off debts, or handle final expenses such as funeral and medical costs. For families with a single breadwinner or households with shared financial responsibilities, term life insurance can offer vital security in a time of emotional and financial hardship.

One of the biggest benefits of life term insurance is its affordability. Many people seek out cheap term life insurance to get peace of mind without breaking the bank. Even though it’s budget-friendly, term life can offer coverage amounts well into the hundreds of thousands – or even millions – of dollars, depending on your needs.

When you sign up for a life insurance policy, you’ll be asked to name your beneficiaries – the people who will receive the policy’s death benefit. For most people, this includes a spouse, children, or other close family members. Even if no one relies on your income, a term life policy can help cover end-of-life expenses and settle any outstanding obligations you might leave behind.

While some types of life insurance build cash value or offer investment features, term life insurance focuses purely on providing a death benefit. This no-frills approach makes it easier to understand and manage, especially for those just starting to explore their insurance options.

See Life Insurance Plans on FidelityLife

Different Types of Life Insurance

There are two primary categories of life insurance: term life and permanent life insurance. The key difference is in duration and structure.

Term life insurance provides coverage for a specific period – usually 10, 20, or 30 years. During this time, your beneficiaries are protected, and the death benefit is available if you pass away. After the term expires, the policy typically ends, though some policies offer renewal options.

For short-term needs, many people consider a 5 year term life insurance policy. This type of coverage is ideal if you expect your financial obligations to decrease in a few years – for example, if your children are almost out of college or your mortgage is nearly paid off.

You may also find value in specialized term life insurance options such as:

  • Convertible term policies, which allow you to convert your term life coverage into a permanent life policy later, usually without another medical exam.
  • Decreasing term insurance, where both the coverage and premiums decline over time. This is useful for debts that shrink, like mortgages.

In contrast, permanent life insurance includes products like whole life, universal life, indexed universal life, and variable universal life. These policies last for your lifetime and may build cash value over time. However, they are typically more expensive than affordable term life insurance options.

See Life Insurance Plans on Legal & General America

Choosing the Best Term Life Insurance Policy

Finding the best term life insurance policy begins with assessing your goals. What financial obligations would you want covered if you weren’t around? Are you supporting children, a spouse, or other dependents? Do you want to make sure your mortgage, student loans, or business loans are paid off?

To estimate your coverage needs, a common rule of thumb is to multiply your annual salary by 10. However, you may need more or less depending on your financial situation, assets, and future plans.

Once you know how much coverage you need, you can begin comparing term insurance quotes. It’s important to get multiple term life insurance quotes to ensure you’re getting a competitive rate. A term life policy quote will depend on several personal factors:

  • Age and gender
  • Health status and medical history
  • Whether you smoke or engage in risky hobbies
  • Coverage amount and policy term

Many insurers require a medical exam, but some of the best term life insurance companies offer policies that don’t involve any medical testing – especially for lower coverage amounts or younger applicants. These no-exam policies are great if you need coverage quickly or want to avoid the hassle of doctor’s appointments and lab work.

Thanks to our curated list, it’s easier than ever to compare life insurance quotes online. Our platform allows side-by-side comparisons from multiple term life insurance companies. These services often highlight both cheap term life insurance options and policies from well-established, reputable insurers.

Keep in mind that cheap term life insurance doesn’t mean low quality. The best term life insurance companies offer solid customer service, flexible policy options, and the financial strength to back up claims – sometimes at surprisingly low rates.

See Life Insurance Plans on Fabric

FAQs

Can I have more than one life insurance policy?

Yes, it’s completely legal and often smart to have multiple life insurance policies. You might combine a personal term life policy with employer-provided coverage, or purchase separate policies to cover different needs, like childcare costs and small business debts.

What does life insurance cover?

Term life insurance pays out a death benefit if you pass away during the policy’s term. The funds can be used by your beneficiaries for any purpose: mortgage payments, college tuition, daily living expenses, or even investing in their future. Most policies cover death from illness, accident, and natural causes.

What doesn’t life insurance cover?

Your life insurance policy may not pay out if you die during illegal activity, participate in high-risk sports not disclosed during the application, or provide false information on your insurance forms.

Is employer life insurance enough?

Employer-sponsored life insurance often provides basic coverage equal to one or two times your annual salary. While this is a nice perk, it usually falls short of your actual needs – especially if you have dependents, a mortgage, or long-term financial goals. A personal term life ins policy can fill those gaps and ensure more complete protection.

Find the right lender for you

Top Ranked Choice

Options for immediate coverage – with no medical exam

1 Rank

Options for immediate coverage – with no medical exam

  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent
  • Coverage amounts up to $2M
  • Options start at $15/month
  • Get a decision in one call
  • Apply online or speak to a licensed agent

Term life insurance policies starting around $8/month

2 Rank

Term life insurance policies starting around $8/month

  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision
  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision
  • Get a free quote online in 1 minute
  • Trusted by 1,000,000+ US customers
  • More than 1 in 3 people get an instant decision

Get $1 million in coverage for less than $1 a day.

3 Rank

Get $1 million in coverage for less than $1 a day.

  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
  • 100% online: no agents, sales calls, or unnecessary medical exams
  • Qualified applicants can get coverage without a health exam
  • 30-day money-back guarantee—cancel at anytime
FidelityLife
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Options for immediate coverage – with no medical exam

Legal & General America
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Get Term Life Insurance for as low as $9/month *

Ethos
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5-minute online application, no medical exams ever

SelectQuote
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You Could Save Up To $6K On Life Insurance With An Agent

Progressive Life Insurance Company
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Coverage amounts between $50,000–$1,000,000