Life Insurance by State

AL

Alabama

Avg. term ~$420/yr. High uninsured rate; term life insurance critical for families.

AK

Alaska

Avg. term ~$390/yr. No-exam policies useful for remote residents. No state income tax.

AZ

Arizona

Avg. term ~$410/yr. Community property state — spousal consent may be required.

AR

Arkansas

Avg. term ~$415/yr. Higher rates of cardiovascular disease affect underwriting.

CA

California

Avg. term ~$460/yr. Genetic discrimination prohibited; community property state.

CO

Colorado

Avg. term ~$430/yr. Active outdoor lifestyle generally not a rate factor.

CT

Connecticut

Avg. term ~$445/yr. High cost of living means higher coverage needs.

DE

Delaware

Avg. term ~$435/yr. Favorable trust laws for life insurance estate planning.

FL

Florida

Avg. term ~$450/yr. Strong creditor protection for life insurance cash value.

GA

Georgia

Avg. term ~$425/yr. Employer group coverage common; individual coverage needed for portability.

HI

Hawaii

Avg. term ~$415/yr. Healthiest state; favorable underwriting outcomes common.

ID

Idaho

Avg. term ~$405/yr. Community property state; growing population market.

IL

Illinois

Avg. term ~$435/yr. State estate tax at $4M threshold; ILIT planning relevant.

IN

Indiana

Avg. term ~$410/yr. Manufacturing economy; union life benefits should be supplemented.

IA

Iowa

Avg. term ~$405/yr. Farm succession planning relies heavily on life insurance.

KS

Kansas

Avg. term ~$408/yr. Key person and buy-sell coverage important for small businesses.

KY

Kentucky

Avg. term ~$420/yr. High smoking rate significantly affects premiums.

LA

Louisiana

Avg. term ~$445/yr. Civil law system; community property with forced heirship rules.

ME

Maine

Avg. term ~$415/yr. Oldest median age; final expense and legacy planning important.

MD

Maryland

Avg. term ~$440/yr. State estate tax at $5M; DC suburbs have high coverage needs.

MA

Massachusetts

Avg. term ~$450/yr. Estate tax at $1M — ILIT planning broadly relevant.

MI

Michigan

Avg. term ~$420/yr. Auto industry union benefits should be supplemented individually.

MN

Minnesota

Avg. term ~$418/yr. Home to Securian, Allianz Life; strong local market.

MS

Mississippi

Avg. term ~$430/yr. High rates of chronic conditions; independent broker essential.

MO

Missouri

Avg. term ~$420/yr. No state estate tax simplifies planning.

MT

Montana

Avg. term ~$408/yr. Rural character; no-exam policies useful for remote residents.

NE

Nebraska

Avg. term ~$408/yr. Omaha insurance hub; excellent product access.

NV

Nevada

Avg. term ~$435/yr. Community property; no income or estate tax.

NH

New Hampshire

Avg. term ~$418/yr. No income or estate tax; highly efficient for wealth transfer.

NJ

New Jersey

Avg. term ~$455/yr. Inheritance tax on certain beneficiaries; careful planning needed.

NM

New Mexico

Avg. term ~$415/yr. Community property; rural access challenges.

NY

New York

Avg. term ~$470/yr. Strictest regulations; estate tax cliff structure.

NC

North Carolina

Avg. term ~$422/yr. No estate tax; Research Triangle complex income needs.

ND

North Dakota

Avg. term ~$402/yr. Oil field occupational considerations; no estate tax.

OH

Ohio

Avg. term ~$415/yr. No estate tax since 2013; diverse economy.

OK

Oklahoma

Avg. term ~$418/yr. Energy industry occupational underwriting considerations.

OR

Oregon

Avg. term ~$428/yr. Estate tax at $1M; ILIT planning broadly relevant.

PA

Pennsylvania

Avg. term ~$435/yr. Inheritance tax; named beneficiaries generally exempt.

RI

Rhode Island

Avg. term ~$440/yr. Estate tax at $1.73M; ILIT planning relevant.

SC

South Carolina

Avg. term ~$422/yr. No estate tax; growing manufacturing economy.

SD

South Dakota

Avg. term ~$402/yr. No taxes; dynasty trust laws among best in nation.

TN

Tennessee

Avg. term ~$420/yr. Fully income tax-free since 2021; no estate tax.

TX

Texas

Avg. term ~$440/yr. Strong creditor protection; no income or estate tax.

UT

Utah

Avg. term ~$415/yr. Youngest state; largest families; highest coverage needs.

VT

Vermont

Avg. term ~$415/yr. Healthiest state metrics; favorable underwriting outcomes.

VA

Virginia

Avg. term ~$432/yr. FEGLI federal workers should supplement with private coverage.

WA

Washington

Avg. term ~$438/yr. Estate tax at $2.19M; tech stock compensation complicates planning.

WV

West Virginia

Avg. term ~$425/yr. Substance use disorder history affects underwriting; specialized brokers needed.

WI

Wisconsin

Avg. term ~$418/yr. Marital property state; spousal rights in policies purchased during marriage.

WY

Wyoming

Avg. term ~$400/yr. No taxes; best dynasty trust laws in nation.