Life Insurance for Teachers (Discounts & Rates)

Many specialty insurance providers cater specifically to educators and offer life insurance for teachers at discounted rates. Membership in organizations like the National Education Association also qualifies educators for life insurance packages at affordable rates. Always compare life insurance quotes for teachers from multiple companies to find the best rates.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: May 19, 2021

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The Highlights

  • Life insurance helps your family pay for any outstanding debts you may still have after you’re gone.
  • Specialty insurance providers offer discounted group rates to teachers.
  • Bundling home, auto, and life insurance under the same provider can help you save money on life insurance for teachers.

Teaching is one of the most rewarding professions. Every day, great teachers make a positive impact in their students’ lives. Because of their tremendous service, many insurance providers offer discounted rates for life insurance for teachers.

It’s important to find a good and stable life insurance policy so you can rest easy knowing your family is taken care of after you’re gone. And as a teacher, you should take advantage of the savings available to you.

Keep reading to learn why teachers need life insurance and what type of life insurance to get. Save money with our free quote comparison tool above to find affordable life insurance for teachers in your area.

Why do teachers need life insurance?

Whether you’re a grade school teacher, college professor, or even a principal, every educator can benefit from life insurance.

Unless you have a large amount of savings set aside for your family and your care later in life, life insurance plans are the best way to be prepared for the unpredictable future.

Most teachers make a decent salary, but medical and funeral costs can be more expensive than you think. Also, any debt that you have when you pass may become your family’s responsibility. A life insurance policy can help lighten the load.

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What is the best type of life insurance for teachers?

There are usually two types of life insurance plans geared towards teachers: term life insurance and whole life insurance.

Term life insurance is primarily used by younger people because it’s a temporary plan that lasts for a certain term length, say 10 or 20 years. A term life insurance quote is usually cheaper, but it has an expiration date and will have to be renewed.

Whole life insurance lasts until you pass, but it is usually more expensive. However, with a whole life insurance policy, you will be able to relax knowing you are covered no matter what happens.

For an idea of what a retiring female teacher might pay for term life insurance vs. whole life insurance, check out these average monthly life insurance rates for senior women with a $100,000 policy:

Average Monthly Life Insurance Rates for Senior Women with a $100,000 Policy

Age At Purchase (100,000 Policy: Females)10-Year Term Life Average Monthly RatesGuaranteed Universal Life Average Monthly RatesWhole Life Average Monthly Rates
65$37$182$305
75$119$342$572
85n/a$919$1,259
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Always compare life insurance quotes from multiple companies before deciding on a plan or a provider. This way you’ll be able to find the right plan for you at the best rate.

How can I save on life insurance for teachers?

The best way to save on life insurance is by staying in good shape and abstaining from risky and dangerous activities such as smoking, excessive drinking, or even bungee jumping.

However, as a teacher, you are eligible for special life insurance discounts from certain providers. Insurance providers such as Horace Mann are geared specifically towards teachers and provide special rates and programs for teachers.

In addition, if you are a member of the National Education Association (NEA) you may be eligible for additional life insurance coverage at low rates.

You can also save by bundling your life insurance policy with your auto or home insurance under the same provider. Bundling under a specialty insurance provider for teachers could lead to huge savings.

Of course, the best way to save is by comparing quotes from multiple companies online to find the best rate. Enter your ZIP code below to buy life insurance for teachers from providers in your area.

Are you looking for free insurance quotes?

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