Updated Dec 20th 2019
Do You Want $10,000 Whole Life Insurance?
If you don’t want to get the runaround, and you want to get a quick $10k whole life quote, then you can get it in seconds at Online Whole Life Insurance Quotes or use our quoter.
Guaranteed Coverage For Burial Costs?
First of all, if you are looking for a $10,000 quote ten you will only be able to get one type of policy: Whole Life Insurance.
You may think you can get a $10,000 term policy, but in reality, that will be very difficult. Most companies do not offer term policies for $10,000.
Whole life is the best way to protect yourself for smaller amounts. Also, whole life has great benefits like:
- Guaranteed Cash Value
- Guaranteed Death Benefit
- Level Premiums For Life Guaranteed
These benefits come standard with every whole life policy. You can get a life insurance policy to cover burial costs and many other uses.
A small $10,000 policy can help you cover costs at death like:
- Funeral
- Burial
- Cremation
- Pay Off Debt
- Leave A Small Legacy
As you can tell, these are some of the reasons you should get a policy to cover final expense costs.
Sometimes all you want is to get an idea of the prices, so let’s look at the numbers
The following table displays the cost for a $10,000 whole life insurance.
If you want a more general understanding, whole life costs, you should check out our article: How Much Does Whole Life Insurance Cost?
Whole Life Insurance $10,000 Cost By Age
The following are rates for $10,000 whole life insurance:
| Female | Male | |
| 20 | $13.70 | $14.82 |
| 25 | $14.75 | $15.84 |
| 30 | $16.18 | $17.38 |
| 35 | $17.97 | $19.52 |
| 40 | $19.98 | $21.96 |
| 45 | $22.59 | $25.24 |
| 50 | $25.99 | $29.58 |
| 55 | $31.39 | $36.56 |
| 60 | $36.77 | $44.01 |
| 65 | $46.68 | $54.42 |
| 70 | $60.99 | $71.02 |
| 75 | $80.72 | $91.18 |
| 80 | $106.96 | $136.22 |
| 85 | $161.31 | $213.96 |
The previous table shows an A rated company’s prices for a whole life insurance.
We don’t want to show you all of the different companies as it will only make your choice harder. In reality, most of the highly rated companies that specialize in 10k police will all be within $1 or $2 a month difference.
So your choice will be based on two variables:
- Price
- Company Strength
When you run a quote, you will see that all the companies are very similar. So pick a high rated company that that has a great price.
Guarantee Issue vs Simplified Issue
So now that you know prices, you want to understand what policy to pick.
There are three main categories of life insurance based on how much a company looks into your health as a factor:
- Guaranteed Issue
- Simplified Issue
- Medically Underwritten
If you want to read a little more in-depth on which is best for you then you can check out our article:
5 Tips For Final Expense Policies
Most people that are looking for a whole life policy around $10,000 should be picking a simplified issue policy.
A simplified issue policy will give you better pricing. And if your health isn’t terrible, then you will get approved quickly.
But know if you have any health issues, you can still get a guaranteed issue policy. This policy will be approved regardless of your health.
$10,000 Policy For A Kid
There are other types of whole life policies that are very popular. One of these is a whole life policy on a kid. If you are looking for a whole life policy on your kid, we will give you an idea of the prices.
Kids’ policies can be a unique way to save money in the long run and protect your kids.
Here are rates for a $10,000 kid policy:
| Kids | ||
| Age | Female | Male |
| 0 | $8.84 | $10.04 |
| 1 | $9.07 | $10.32 |
| 2 | $9.31 | $10.60 |
| 3 | $9.58 | $10.91 |
| 4 | $9.87 | $11.26 |
| 5 | $10.16 | $11.39 |
| 6 | $10.47 | $11.54 |
| 7 | $10.80 | $11.68 |
| 8 | $11.11 | $11.81 |
| 9 | $11.27 | $11.95 |
| 10 | $11.43 | $12.13 |
| 11 | $11.62 | $12.34 |
| 12 | $11.81 | $12.57 |
| 13 | $12.01 | $12.82 |
| 14 | $12.21 | $13.08 |
| 15 | $12.42 | $13.35 |
| 16 | $12.67 | $13.64 |
As you can see it is very affordable to get a $10,000 policy on your kids.
Also, you may want to read more about a whole life policy for your kids. You can go to our article: Whole Life For Kids
Also, one of the large companies that specialized in life insurance for kids is Gerber Life.
You can read our review here: Gerber Whole Life Insurance Review
For more information on cash value check out our article: Top 7 Whole Life Companies For Cash Value
Options For $10,000 Policy
Something you should consider instead of a $10,000 whole life policy is a larger term life policy.
Also, for most people, the main problem cost. So if you are on a tight budget, but you still want coverage, you can look into term life. However, getting a $10,000 term insurance policy from a good insurance company will be hard.
The great news is that you can get do even better than a $10,000 term policy.
In reality, for the same price, you get a $10,000 whole life, you can get a $100,000 term life policy. For most people, this will be much less than a dollar a day.
To get a term quote just follow our quoter.
Final Word
Finally, now you have a better idea of pricing for a $10,000 whole life insurance, and you should understand what type of policy fits your situation best.
So don’t hesitate to contact us or to run a quote.
Our experts will help you get the best prices and best coverage.
Additionally, here are the next reads which you may find interesting:
5 Ways To Get A Cheap Whole Life