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Estimated cost of term life insurance in the United States in 2020, by generation

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Sources

Release date

May 2020

Region

United States

Survey time period

January 2020

Number of respondents

1,997 respondents

Method of interview

Online panel

Supplementary notes

The estimated yearly cost was for a 250,000 U.S. dollar term life policy for a healthy, non-smoking 30 year old.

Citation formats

Estimated cost of life insurance in the U.S. 2020, by generation

Published by Jenny Yang, May 22, 2020
Half of American Millennials believed that term life insurance cost ** U.S. dollars or more per year in , whereas only ** percent of non-Millennials said the same. The average cost of such a policy is about *** U.S. dollars annually, according to the source, which shows that many Americans, especially Millennials, overestimate the cost of term life insurance.
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Topics

Generation gap in the U.S.United States internet user demographics, by genderU.S. generations: grocery shopping behaviorMillennials and health in the U.S.Millennials
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* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 99 users
Talk to sales for pricing
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