Term life insurance costs can vary based on several factors, including the individual's age, health, coverage amount, and term length. According to recent data, the average cost of term life insurance for a healthy 30-year-old individual seeking a 20-year, $500,000 policy is around $26 per month. However, it's important to note that rates can differ significantly based on the specific insurance provider, the insured person's health history, lifestyle factors, and other underwriting considerations. Additionally, older individuals and those with pre-existing health conditions may face higher premiums. To obtain an accurate estimate, it's advisable to request quotes from multiple insurance companies and consider consulting with a licensed insurance agent or broker for personalized guidance on term life insurance costs.