It cost only $10 a month to insure for $100,000

 

i-Term, 10 years term, male, non-smoker
monthly premium for $100,000
 
Age      LTA     DTA     %
20      9.20     6.50   70
30     10.10     6.70   66
40     18.90    12.80   68
50     45.30    37.40   82
60    135.70   107.90   80
69    328.60   264.80   80
 
Premiums are based on age at entry. 

A male at age 30 can insure for $100,000 for 10 years at a premium of $10.10 a month. If he opts for decreasing term assurance (where the assured reduces by 10% each year), the premium is only $6.70. By choosing a decreasing term, the premium reduces by about 20% to 30%, depending on entry age.