Delaware Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

Before you start shopping around for a life insurance company to purchase your policy from, you should first have a basis for premiums comparison. Knowing how much you may have to spend every month can help you allocate your budget properly; thus, reducing the risks of having difficulties making your premiums payments. To help you get started, take a look at the table below shows the estimated premiums for those living in Dover, Delaware looking to buy a 30-year policy with $200,000 coverage.

Estimated Monthly Premiums
Dover, DE 19901
Policy: $200K
Duration: 30 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $55.65 – $91.53 $19.17 – $45.45
45 Yr Old Male $167.65 – $230.87 $39.36 – $125.94
 30 Yr Old Female $40.42 – $72.88 $16.35 – $35.34
 45 Yr Old Female $117.34 – $176.49 $30.89 – $82.53


As the numbers above indicate, a 30-year old, non-smoking female pays nearly $3 less than a male of the same age who also doesn’t smoke. Generally, this applies to all similar age and health status groups, since historically, women have enjoyed longer life spans. This still depends on individual factors though. For instance, when you smoke, you can expect your premiums average to double, even triple, or quadruple even if you’re still a young female.

Greater coverage for a shorter insured period

In case you’re looking to purchase a policy with a $500,000 value but will only last for 20 years, you can use these premiums projections as a basis:

Estimated Monthly Premiums
Dover, DE 19901
Policy: $500K
Duration: 20 Years

Age & Gender Smokers  Non-Smokers
 30 Yr Old Male  $72.62 – $133 $20.36 – $58.05
45 Yr Old Male $213.94 – $430.30 $50.06 – $138.95
 30 Yr Old Female $59.50 – $115.40 $17.93 – $44.90
 45 Yr Old Female $154.32 – $296 $39.48 – $116.10


It’s a good idea to purchase a policy with such coverage and term when you think that you only need insurance for this length of time, but you still want to leave your loved ones with a significant amount of financial support.

Again, your premiums will not just depend on your age, but also your existing health condition. If you’ve taken good care of yourself over the years until now that your 45, and you haven’t developed any terminal or chronic illness, you can expect a monthly premiums average of somewhere around $94.50 (for men) or $77.79 (for women).

More life insurance help

The key takeaway from both tables is that the younger you are when you purchase a policy, the better your premiums. Take a look at this article to find out more about the other factors that determine your rates.

And don’t forget to add the Delaware Department of Insurance in your list of must-have contacts for more state-specific inquiries.