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Oregon Life Insurance Policies It's more affordable than you might believe. The ordinary life insurance policy rate for a 40-year-old in excellent health and wellness can be just $27 a month for a 20-year term policy with $250,000 in insurance coverage, according to Quotacy, a life insurance brokerage firm. If you die during the plan term, the insurance provider will certainly pay the plan's face value to your beneficiaries. This money benefit-- which is, in most cases, not taxable-- may be used by beneficiaries to resolve your healthcare and funeral costs, consumer financial debt, or mortgage financial debt, among other things. The earlier you use, the much better. Despite which insurance provider you opt for, 2 of the primary elements that influence your life insurance policy costs are your age and health and wellness. The younger and much healthier you are when you use, the much better your life insurance policy rate is likely to be. State Of Oregon Term Life Ins