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: Jul 14, 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

  • There are many options when it comes to married couples life insurance
  • Choosing a whole or term life insurance policy will ensure your loved ones are taken care of if something were to happen to you
  • The average cost of married couple life insurance rates varies drastically between companies

Getting married is a memorable time in life, but it comes with some added responsibility. Ensuring your spouse is financially okay if you pass away is a critical concern. This leads many people to look for affordable married couples life insurance.

Understanding whole life insurance and term life insurance options will give you a solid foundation to decide what type of policy will work best for you and your spouse. Additionally, you will want to look into single policies, as well as joint policies.

To compare married couples life insurance quotes, simply enter your ZIP code here and see rates from top companies.

Is term or whole life insurance better for married couples?

There are advantages to both term and whole life insurance options for married couples. Knowing the differences will make it simpler to decide which type of policy is going to work best for you and your spouse. Let’s take a look at the basics of each.

Term Life Insurance

When you opt into a term life insurance policy, there will be a set amount of time that the policy is in effect. This means that if you pass away during that timeframe, your loved one would be paid the amount of the policy. Term life insurance is typically more affordable.

Whole Life Insurance

Whole life insurance for married couples will last your entire life. Additionally, it builds cash value. This type of coverage pays out no matter when you die. You can also take a loan out against a whole life policy that can be helpful in the case of a financial emergency.

Married couples life insurance rates on whole life coverage are higher. It is important to note that men and women will pay different rates. Here is a look at some sample rates from State Farm to give you an idea of what you may be paying for life insurance.

State Farm Average Monthly Guaranteed Issue Whole Life Insurance Rates by Age and Gender
Age$100,000 Policy Average Monthly Rates (Female)$100,000 Policy Average Monthly Rates (Male)$250,000 Policy Average Monthly Rates (Female)$250,000 Policy Average Monthly Rates (Male)$500,000 Policy Average Monthly Rates (Female)$500,000 Policy Average Monthly Rates (Male)
25-years-old$84.91$93.70$203.14$225.12$400.19$444.14
30-years-old$97.35$107.71$234.24$260.14$462.39$514.19
35-years-old$112.93$128.24$273.19$311.47$540.29$616.84
40-years-old$132.15$153.90$321.24$375.62$636.39$745.14
45-years-old$156.17$190.79$381.29$467.84$756.49$929.59
50-years-old$191.66$234.90$470.02$578.12$933.94$1,150.14
55-years-old$243.17$294.84$598.79$727.97$1,191.49$1,449.84
60-years-old$311.63$399.24$769.94$988.97$1,533.79$1,971.84
65-years-old$421.69$528.00$1,045.09$1,310.87$2,084.09$2,615.64
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As you can see, life insurance for men is a bit more costly. Shopping around is the best way to guarantee you are getting the most affordable life insurance coverage.

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Should a married couple get a joint life insurance policy?

Joint life insurance for married couples is commonly chosen. Many couples prefer it because it is easier to pay one bill rather than two. Additionally, these policies tend to be cheaper.

A joint life insurance policy will be one policy that covers both people. There are two different types of joint life policies.

  • First-to-die life insurance: This policy will pay out when one person passes away. Afterward, it ends and the surviving spouse can use the money. This is an uncommon type of policy that is not available with all insurance companies.
  • Second-to-die life insurance: This is also known as survivorship life insurance. It does not payout until both parties have passed away. Wealthy couples tend to buy this type of policy so they can leave money to their children or other family members.

A joint policy may be convenient but it might not be the best choice for all married couples. Separate policies will ensure your spouse is financially taken care of and tends to have fewer stipulations.

When you are ready to buy married couples life insurance, enter your ZIP code here and compare quotes from top-rated companies.