* 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. Life insurance figures were calculated by looking at four policy amounts ($100k, $250k, $500k, and $1 million) across four rate classes. Below is the breakdown of each rate class: Preferred plus policies assume no tobacco use in five years, no serious medical issues, cholesterol levels below 200 and blood pressure that doesn't exceed 130/80.