2024 Complete Guide To The Best 30 Year Term Life With Rates, Providers, and Tips - PinnacleQuote

2024 Complete Guide To The Best 30 Year Term Life With Rates, Providers, and Tips

Here is your complete guide to the best 30 year term life insurance policy! Let’s talk rates, carriers and some tips! Pull up a chair and get your coffee!

Life is a journey filled with many uncertainties. But when it comes to the financial well-being of your family, leaving things to chance shouldn’t be an option.

If you’ve ever wondered how to give your family a safety net, then a 30-year term life insurance policy might be your answer.

In this comprehensive guide, we’ll dive deep into the world of term life insurance, and why a 30-year term might be the best decision you can make today for tomorrow’s peace of mind.

What Is a 30 Year Term Life Insurance Policy

Before diving into the specifics of the 30-year term, let’s brush up on the fundamentals. Term life insurance is straightforward. It offers protection for a specified term, and should anything unfortunate happen during that time, a death benefit is paid out to the designated beneficiaries. This money can prove essential in covering everyday expenses, your mortgage, paying off debts, or even funding your children’s education.

So yes, getting cheap term life insurance is still possible with a 30 yr term insurance policy. In fact, if you are 55 years old or younger and in really good health some of the top no exam life insurance companies will give you a no medical exam 30yr term policy.

Yes, you heard that right, you can get instant term life insurance rates and apply and get approved. In fact, Sagicor with their safe harbor term quotes is some of the lowest and they offer up to a million dollars.

Also, SBLI life insurance quotes up to 500k with no medical exam.

Understanding the Basics of Term Life Insurance

We all know that the average term life insurance rates are by age and health. Moreover, if you have to take an exam then medical records will be reviewed, a prescription check, and a MIB search. Overall, this is the underwriting process that most insurance company’s offers.

So if you have said to yourself or have asked an agent “if I get an affordable life insurance today and die tomorrow” will I be covered, YES as long as you told the truth. In this case, if the insured passes away, the beneficiary receives the death benefit 100% tax-free. Unlike the guaranteed issue life insurance that has a two-year waiting period.

Why 30 Years?

Deciding on the duration of your life insurance can be perplexing. With options ranging from 10 to 40 years, why would someone choose a 30-year term life insurance policy?

  • Perfect for New Families: If you’ve recently started a family or are planning to, a 30-year term ensures coverage as your children grow, all the way through their college years.
  • Mortgage Coverage: Most home loans are 30-year mortgages. Having a term policy of the same length ensures your family won’t be left with housing debts.
  • Long-Term Stability at a Reasonable Price: While longer than 20 years, a 30-year policy is often more affordable than whole or permanent life insurance.

How To Get A 30 Year Level Term Life Insurance Quote

Above all, the 30-year term life insurance cost is the most cost-effective long-term life insurance available. Buying term life insurance will provide death benefit coverage for a temporary amount of time with level premium payments as long as you pay the premiums.

But how much life insurance coverage is there and what’s the term length? This is usually in terms of 5, 10, 15, 20, or 30 years and do not accumulate or build cash value. The following will focus specifically on 30-year term life insurance. If unsure, ask your independent agent today!

In fact, Thirty years is a long time in terms of term life insurance. We usually recommend getting as long of a life insurance plan as you can afford; the longer the plan, the more costly it is per month because mortality has a better chance of happening in 30 years than say 10 or 20 years.

Plus, if you get a 30-year term life insurance plan when you’re in your 30s, the plans will be a lot cheaper than getting a shorter-term policy like a 15-year term when you’re older.

Primarily, a 30 year life insurance policy would be best for a consumer between the ages of 25 and 47. These are the years it will be the most cost-effective.

For instance, every time I speak to a potential client under the age of 30, I almost scream to get a 30-year term policy. The reason is, it is the cheapest time to get a 30 year term life policy.

30 Year Term or Whole Life

Also, most of the time consumers under thirty think a whole life insurance policy is best. These are the same clients that call me in their late thirties saying why did they even purchase their entire life.

Furthermore, it is always best to explain term life vs whole life for someone that age and be transparent on the types of coverage available.

When you are starting out with a family, you want the most cost-effective way to protect them. Cheap affordable life insurance is cheap because you need a lot of it.

In the event of your death, you might need to pay off your mortgage, have college paid for, or just make sure your spouse has a little financial cushion.

Benefits of Choosing a 30-Year Term Policy

10000 term life insurance – a million in coverage, Why Not? Again, not to rehash on age which we will talk about more in this article, but the 1 million 30 year term life is probably the best route to go.

30 Year Term

Remember, the family that you support will need to move on without you being present. You need to really sit down and think about what your family will need if you are no longer here.

At PinnacleQuote, we keep it really simple. We break it down to two very important things:

  1. Youngest Childs Age, because he/she is the one that depends on you the most financially in this world
  2. Your income, because if you die tomorrow, your paycheck will die with you

You can even consider a 30-year term life insurance 500k policy.

For example, let’s take a 35-year-old primary breadwinner who makes $100,000/year. He/she has four children but the youngest is 2 years old.

If the primary breadwinner dies tomorrow how much would that family miss out on financially?

That youngest child has about 20 years until college graduation. In this circumstance, I would recommend 15-20 times the income to properly protect the family. I also would like to knock off two birds with one stone.

30 Year Term Life Insurance Rates By Age

Obviously, seeing above you can conclude when is the best time to get life insurance. The younger, the sooner you get 30-year life the more money you will save.

I also tell my clients, especially the ones under the age of 40, if done right, you won’t ever have to do this again. So it is important to realize the impact of life insurance rates that vary by age.

In fact, as an independent agent, I get calls all the time from clients that say, “I wish I would have just went longer ten years ago”, I say, “well it could be worse, you could have waited another five or ten years.

The prices by decade starting at ae thirty drastically increase, as you can see above. To understand the rates for a 30-year term and different ages, use our life insurance calculator on the left that is floating.

All Rates For 30yr Term Life Insurance ages 18-59

Overall, buying term life insurance for 30 years will cover you to retirement, with the kids leaving the nest, and hopefully with most debts paid off. In fact, the younger you are the more it is the best term life insurance rates you will have for this amount of time.

Below are the best term life insurance rates for 30 year term life quotes. These rates are from A/A+ rated term life insurance companies that we have vetted. In addition, these rates are from carriers with great customer service as well as built-in features like accelerated death benefits.

30 Year Term Rates For Males Age 18-59

19$17.61 $28.47 $47.82
20$17.61 $28.47 $47.82
21$17.61 $28.47 $47.82
22$17.61 $28.47 $47.82
23$17.61 $28.47 $47.82
24$17.61 $28.47 $47.82
25$17.61 $28.47 $47.82
26$17.65 $28.57 $48.13
27$17.77 $28.84 $48.96
28$17.95 $29.25 $50.26
29$18.22 $29.86 $52.17
30$18.34 $30.13 $53.01
31$18.61 $30.57 $54.04
32$19.20 $31.52 $56.26
33$19.83 $32.52 $58.63
34$20.60 $33.76 $61.52
35$21.09 $35.03 $64.51
36$22.20 $37.39 $69.02
37$23.34 $39.82 $73.68
38$25.01 $42.96 $79.69
39$26.63 $46.54 $86.54
40$28.47 $50.57 $94.26
41$30.91 $55.43 $103.49
42$33.48 $60.56 $113.23
43$36.31 $66.22 $124.92
44$39.40 $72.42 $137.08
45$42.88 $79.38 $150.78
46$46.91 $87.13 $165.78
47$51.33 $95.56 $179.65
48$56.49 $105.61 $201.64
49$62.02 $116.29 $222.43
50$68.07 $128.15 $245.56
51$75.87 $142.80 $275.10
52$84.79 $159.79 $309.49
53$94.09 $179.87 $350.24
54$106.49 $204.27 $399.89
55$120.71 $232.23 $457.05
56$148.75 $269.45 $531.25
57$167.03 $302.18 $596.70
58$168.99 $305.73 $603.72
59$190.92 $345.72 $683.70

Layering Term Life Policies

What I mean by that is, getting the last child through college, and getting to the retirement age of 65 with one policy.

A 30-year term will get you there. I would also recommend layering term policies to SAVE UP TO 50% on premiums. That would require different term lengths like a half-million-dollar 20 or 30 year term life and a 1 million 10yr term policy.

What Does Level Term Insurance Mean

A 30-year term life insurance means you will have life insurance protection for 30 years as long as your premiums are paid.

Unlike a permanent life insurance policy like whole life, term life is for “If” you die in an allotted time the death benefit will be paid out. Permanent is for “when” you die. a 30-year term life insurance policy is by far the most affordable long-term policy you can get for financial protection of your family.

You might ask what is a 30-year term life insurance cost? Below we will break it down by decade. You can also use the 30-year term life insurance calculator and quote tool on the left to see quotes within seconds.

How Life Insurance Policy Rates Impact Your Decision

The most important thing is that you get some form of life insurance coverage. Without it, you’re taking a huge risk.

If something unexpected were to happen to you, your family will be left to pay for any of your debts, mortgages, and final expenses.

Furthermore, a life insurance plan can replace any income you may be receiving, as well as fund specific things, such as your children’s college tuition.

If you find that at some point, you no longer want to have your 30-year contract, you can simply stop making the payments.

A lengthy plan can give you peace of mind, but you shouldn’t feel like you’re making a huge commitment that you can’t get out of.

Not only is the 30-year term life insurance policy more affordable than permanent, but you also will not be exposed to using life insurance as an investment.

Why A 30 Year Term Life Insurance Is Great For A 30 Year Old

If you have put purchasing life insurance and you are in your 30’s, now is the time to consider a 30-year term policy.

Why? Most likely you have young children. You want to make sure you get them through school, out to college, and perhaps married.

At that point, your home may be paid off and you can consider converting to another type of policy such as a burial insurance policy, simplified whole life policy.

How Can I Get A Cheap 30 Year Term Life Insurance Plan

There are several things you can do to get cheaper life insurance.  Obviously, excellent health helps along with other factors. Check out some of our tips below:

  • Know what’s out there: don’t just settle for the first life insurance company you meet with. Instead, compare multiple life insurance quotes from different carriers. You can do research to find out what the top life insurance companies are. A.M. Best is a rating agency that provides useful ratings and reviews on insurance companies —Whether term, whole, or universal long-term life insurance policies, it’s a great resource to use. Whether term, whole, universal policies.
  • Improve your general health before applying: Medical history matters! For an affordable 30-year term life insurance plan, you’ll need to take a medical exam. The results of this exam will help the life insurance company to determine how high of a risk you are. You’ll want to show up for this exam in tip-top shape in order to get the lowest rates. Before applying, exercise, eat healthily, lose excess weight, and take measures to lower your blood pressure.  Your level of activities daily living will play a role with carriers and their underwriting guidelines.
  • Quit tobacco products: life insurance for smokers is usually two to three times more expensive than for nonsmokers. The use of smokeless tobacco will also up your rates. Quitting before applying is one of the best things you can do to lower the prices on your life insurance.

To be able to purchase the most affordable 30-year term policy, you would want to be under the age of 50.

What If I Have Pre-Existing Medical Conditions 

A lot of people with pre-existing medical conditions, like diabetes, worry that they may not be able to be accepted for a 30 year term insurance plan. However, this is simply not true. There are always ways to get covered.

Life insurance companies have different medical underwriting. With a bit of research, you can find out which companies tend to be more lenient toward certain conditions. This will significantly improve your chance of being accepted coverage.

You can also consider adding long-term care riders to your policies as most insurers offer this. Ask your independent agent about riders.

30 Year Term Life Insurance No Medical Exam 

Furthermore, there is always the option for a no medical exam life insurance policy. With a guaranteed acceptance life insurance policy, for example, you can get coverage regardless of your medical condition(s).

There are more benefits to life insurance policies that do not require a medical exam than just guaranteed acceptance. They also have an easier application process, and your coverage will begin very quickly after applying.

Sometimes, it will only take a day or two before you are accepted. So, it’s also a good option for people looking for life insurance ASAP. However, prepare for these plans to be more expensive.

We offer some of the best no-exam term policies on the market. Most cases are approved in days. Here is a list of some of our top no exam carriers. Most are just a simple eAPP right over the phone and the policy in your possession within days. WOW, that is FAST!!!!!!!!!

PinnacleQuote’s Top No Exam Carriers: There are hundreds of insurance products out there. Our job is to make sure you are saving money.  

That the underwriting process goes smoothly, your life insurance premium is at a comfortable monthly rate, and finally that the amount of life insurance you and your family need are in line with your financial obligations and budget.

  1. Guarantee Trust Life, Turbo Term Preferred/Standard
  2. Foresters, Your term No Exam up to $400,000 (Living Benefits)
  3. American Amicable, Term Made Simple
  4. Mutual of Omaha– Term Life Express up to $250,000
  5. Prosperity, Family Freedom Term

Best 30 Year Term Life Insurance Policy Carriers

Above all, when shopping for a 30-year term life insurance policy you want to make sure the financial strength rating is A or better from a legitimate rating company like AM Best and/or JD Power and Associates.

Whether it’s term life, whole life, or universal life insurance, this is most important when looking at a carrier. Let’s face it if you die you do not want your family chasing down the insurance company to get the death benefit.

Remember, many carriers compete for your business on the 30-year term. Here are some of the carriers that are very competitive in the 30-year term.

  • Banner Life
  • Lincoln Financial Group
  • Protective Life
  • AIG
  • Principal
  • North American
  • Prudential
  • Foresters
  • Pacific Life
  • Mutual of Omaha

Living Benefits Rider

Living benefits life insurance and living benefits riders. This type of benefit is a terminal illness, chronic illness, and a critical illness rider combined in one. There is no additional cost to have this type of rider.

30 Year Term For Business Life Insurance 

Having a business is sometimes a 24/7 thing. Especially if you are an involved owner. If you are a young entrepreneur with business partners then getting a life insurance policy with a buy/sell agreement.

Again, if you have multiple partners in business it is essential to have business life insurance in place.

For example, if you have 3 partners in a business, that is a 33.3% stake in that company. If one of the partners dies, who gets that stake? Well if the partner who passed has family, kids, etc, then they would get that 33.3% stake.

So now you would have a family that has a 33.3% stake or control in a company that they have no experience in running.

The solution is a buy/sell agreement. This is when all partners involved get a life insurance policy on each other so if one should pass that life insurance policy would buy out the heirs of the company.

A 30-year term life policy would work well with this. Some people would say that would b too long because the value of the company could change. This is true, but if the value would go up, then just add additional policies to make up the difference.

key man policy is also something to look at. However in my opinion. a 30-year term life policy may be too long.

Related Articles


What makes a 30-year term life insurance often a better choice over whole life insurance for some folks?
When you peek into the offerings, you’ll notice that 30-year term life often comes with a friendlier price tag compared to whole life. This makes it a go-to for people during demanding financial seasons, like when kids are growing or mortgages are looming. Meanwhile, whole life sticks around for, well, your whole life. While it does build some cash value, it can be a tad heavier on the wallet. The tug-of-war between the two boils down to your financial landscape, aims, and how long you want that safety net.

If I fall ill during my 30-year plan, do my premiums shoot up?
The beauty of term life insurance is its predictability. Once you’re on board and your rate’s set, it sticks, regardless of any health rollercoasters you might ride later on.

Could I spice up my 30-year term policy with extra perks or riders?
Absolutely! A lot of insurers love giving you the reins. You can jazz up your policy with add-ons, like riders for critical illnesses or unexpected mishaps. It’s all about crafting a shield that snugly fits your life’s script.

Say, I have a change of heart and ditch my policy early. Any chance I see some cash coming back?
Well, standard term life insurance isn’t big on farewells gifts. No refunds usually. But there’s a little twist some offer – a return of premium (ROP) rider. It might cost you a tad more, but if you outlast your term, it’ll whistle your premiums back to you.

Oops! I goofed and missed a payment. Is my policy in the bin?
Hold on, it’s not all doom and gloom. Insurers usually toss you a lifeline, often a grace period (around a month). It’s a window for you to clear the dues and keep your coverage intact. But dilly-dally beyond that, and your policy might hit the curtains.


Life’s uncertainties are many, but ensuring your family’s financial stability doesn’t have to be one of them. A 30-year term life insurance policy serves as a robust safety net, guaranteeing peace of mind today and financial security for your loved ones tomorrow.

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