Australia term life insurance rates by age (2026)
Australian Life Cover uses stepped premiums that rise each year with age. This table shows average monthly premiums for a healthy non-smoker by age, cover amount and gender (2026) — a current-year snapshot, not a fixed cost.
| Age | $250,000 (M) | $250,000 (F) | $500,000 (M) | $500,000 (F) |
|---|---|---|---|---|
| 30 | $13.00/mo | $10.00/mo | $22.00/mo | $17.00/mo |
| 35 | $14.00/mo | $11.00/mo | $23.00/mo | $18.00/mo |
| 40 | $15.00/mo | $12.00/mo | $24.00/mo | $19.00/mo |
| 45 | $27.50/mo | $22.00/mo | $45.50/mo | $35.50/mo |
| 50 | $40.00/mo | $32.00/mo | $67.00/mo | $52.00/mo |
Healthy non-smoker. Updated June 13, 2026. Estimate your own rate →
How this estimate is calculated
Australian retail Life Cover average monthly premiums for a healthy non-smoker (gender-rated), STEPPED premiums that rise each year with age. $250k figures are scaled from published $500k anchors. Cover held inside superannuation is priced differently. Level premiums start higher but don't rise. Authoritative bodies: APRA, ASIC.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Keep Insurance — Life Insurance Cost Australia by Age (2026) (2026)
- Canstar — How Much Does Life Insurance Cost in Australia? (2026)
- ASIC MoneySmart — Life insurance — how it works (2026)
- Written by
- Colson — Founder & insurance-data researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 13, 2026
- Standards
- Editorial policy
This is an estimate based on published average-rate data for informational purposes only — not a quote, and not insurance, legal or financial advice. Your actual price depends on the carrier and underwriting. Get a real quote for exact pricing.