Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Sep 3, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • You will need your sibling’s consent and be able to prove they have an insurable interest to buy siblings life insurance
  • Siblings life insurance rates are dependent on the sex, age, and health status of your sibling
  • Siblings life insurance may be worth considering if one of you is dependent on the other for financial assistance or care

Buying life insurance for your sibling is possible if you have their permission and can prove they have an insurable interest.

So what is the best type of siblings life insurance? And how much are siblings life insurance rates?

Read through our guide to find out everything you need to know about buying life insurance for siblings.

Looking for affordable siblings life insurance? Enter your ZIP code above to get free life insurance for siblings quotes from the best companies in your area.

Can I buy life insurance for my sibling?

While buying a life insurance policy for siblings is possible, you first need their consent. You also need to be able to prove to your insurance company that they have an insurable interest.

This means that you would suffer a financial loss if your sibling were to die.

It can sometimes be difficult to prove that your sibling has an insurable interest, but there are circumstances where sibling life insurance can be necessary in helping you to be able to sustain yourself financially.

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Why should I buy siblings life insurance?

While buying life insurance for your siblings isn’t very common, there are a number of situations where sibling life insurance can be beneficial.

Buying life insurance for your sibling can be particularly helpful if your sibling has a lower income and is struggling financially.

In the untimely event of their death, the insurance payout would help to cover the costs of their funeral and any other related expenses that would fall on you to cover.

Siblings life insurance can also be helpful if your sibling has kids.

If the responsibility to take care of their kids fell on you after your sibling died, taking out an insurance policy on your sibling could help financially with taking care of their children.

Similarly, if you are dependent on your sibling for financial assistance or care, buying siblings life insurance could help you to financially support yourself or be able to afford to hire someone to care for you in the event that your sibling passed away.

What type of siblings life insurance should I buy?

There are several types of life insurance policies for siblings, but the main two policy types available are term life insurance and whole life insurance.

Term life insurance is a simple policy that usually lasts a period of 10, 20, or 30 years before the term ends.

Buying term life insurance for your sibling may be a good idea if they are in good health or you only want coverage for a short period of time.

Whole life insurance is generally more expensive to buy, but it offers permanent coverage and a cash value on the policy.

Below you can see average rates for $30,000 whole life insurance for men:

$30,000 Whole Life Insurance Average Monthly Rates by Age and Company for Men
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly RatesAge 70 Average Monthly RatesAge 80 Average Monthly Rates
Assurity$82.06$120.55$214.75$462.30
Mutual of Omaha$81.06$121.86$214.69$391.56
Americo$88.59$123.44$211.19$429.36
Liberty Bankers Life$82.27$128.14$210.67$431.14
Phoenix$82.17$121.53$209.94$432.47
American-Amicable$87.12$132.00$224.43$448.80
United Home Life$84.35$125.38$215.19$407.10
Settlers$94.35$135.92$218.54$461.81
Transamerica$85.04$124.29$216.83NA
Foresters$89.70$129.26$212.42$433.91
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And below is average rates for $30,000 whole life insurance for women:

$30,000 Whole Life Insurance Sample Monthly Rates by Age and Company for Women
CompanyAge 50 Sample Monthly RatesAge 60 Sample Monthly RatesAge 70 Sample Monthly RatesAge 80 Sample Monthly Rates
Assurity$72.05$99.83$164.82$337.27
Mutual of Omaha$67.60$92.20$153.31$288.89
Americo$66.07$94.20$152.68$330.72
Liberty Bankers Life$67.45$94.76$155.11$318.23
Phoenix$71.61$101.10$157.49$322.43
American-Amicable$72.60$106.39$170.81$326.04
United Home Life$69.47$97.55$148.71$305.13
Settlers$78.03$109.14$167.28$340.43
Transamerica$68.82$94.02$154.84NA
Foresters$71.85$99.93$153.96$326.94
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Whole life insurance may be worth buying if your sibling isn’t in good health because you won’t have to worry about losing coverage or facing higher rates if their health declines.

What are siblings life insurance rates?

The average monthly life insurance rates are $26 a month.

However, siblings life insurance rates vary based on the sex of your sibling, their age, their lifestyle, and the policy’s coverage amount.

For example, purchasing a $100,000 30-year term policy for a 40-year-old female would cost $24.19 a month. However, buying the same policy for a male of the same age would cost $31.32 a month.

Searching for the best siblings life insurance companies near you? Enter your ZIP code below to get free siblings life insurance quotes.