A 20-year, $500,000 term life policy will cost about $100 more per year. By waiting 20 years until age 50, rates for a 20-year, $500,000 term life policy will more than triple. * These life insurance rates are for a healthy 30-year-old female. An older female can expect higher rates. Use our comparison tool for a personalized quote. 10 Year Term Life Insurance Rates By Age. A 10-year term policy usually has the lowest rate. It will offer a level premium for 10 years. All major insurance companies are represented and you can choose between many options according to the criteria you seected. For easy to use, well presented insurance rates, all you need to do is fill the form and click submit. The state laws define term life insurance rates, the only things that change are the criteria. Our quote engine is