Depending on how long you've had your life insurance policy, rates have come down over the past 10 years, or so.
There's no "one size fits all" cheapest, though - to find the cheapest one for you, you have to shop around and compare life insurance quotes among several top life insurers to find the most affordable plan that fits your budget and life insurance needs.
You can look online to see what companies are available. Keep in mind that life insurance rates are based on your age, personal health, family health history, and the amount of coverage you need, as well as, your occupation, hobbies, driving record, and your height-to-weight ratio, among other factors.
Term life insurance usually offers the lowest prices, which means you can afford more protection for your family. Term life insurance provides temporary life insurance for a period of 1-30 years. Most term life plans offer coverage for 10, 15, 20 or 30 years.