Ohio Life Insurance

Last Updated on September 17, 2020 by Andrew Lee

Find the Best Life Insurance

Compare Term & Whole Life Insurance Options:

One concern when buying a life insurance policy is to make certain it sufficiently meets your household’s needs. In short, the policy’s payout should be enough to cover not just funeral and burial expenses, but also your outstanding financial responsibilities. There should also be enough left for your loved ones’ cost of living for a certain period of time until they can recover. Once you’ve established the amount of coverage you need and how long you want it to last, the next step is to get some idea on how much it’ll cost you on a monthly basis. Analyze the estimates below to get a clearer picture of life insurance costs in Columbus, Ohio.

Estimated Monthly Premiums
Columbus, OH 43085
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


Become insured while you’re still young and in relatively good health, and you have greater chances of enjoying low premiums. For instance, as a 30-year-old non-smoking male, you’ll pay a monthly average of $50 less than what you’d otherwise pay as a 45-year-old. For the female group, the difference in monthly premiums amounts to about $30 on average.

Decreasing the term but going for a bigger payout

You might want a shorter-term but a bigger policy value. The table below shows projections for a 20-year-term plan with a $500,000 payout.

Estimated Monthly Premiums
Columbus, OH 43085
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


No matter the payout or the term, you can expect all insurance companies to use age as the primary rate-deciding factor. Of course, the more coverage and the shorter the term you get, the higher your costs. But getting insurance earlier doesn’t just help you secure more affordable premiums; it also considerably reduce the risks of your family experiencing devastating financial losses.

More life insurance help

Life insurance doesn’t have to deplete your bank account. As long as you enter the market knowledgeably and you choose a trustworthy, reliable provider, you can rest easy knowing that you can still take care of your family even after you’re gone.

As a final note, make sure you verify the licensure of the insurance company you’ll buy your coverage from. The Ohio Department of Insurance is your go-to for such inquiries.