How much does a $500,000 life insurance policy cost per month?

Monthly cost varies widely with age, health, smoking status, term length, and policy type. Sample pricing collected in August 2026 by a large no-exam term provider put a 20-year term of half a million dollars for a 30-year-old non-smoking female as low as about $17 per month. Medically underwritten policies generally cost less than no-exam coverage, and guaranteed-issue policies, which skip both the exam and the health questions, carry the highest premiums.