Life Insurance Rates In My 30s?
Life Insurance in your 30’s. Above all, once the 30s hit, you’ve reached full adulthood. You may have a new home to pay offer, you may be starting to raise children, and you’re hopefully more financially stable than you were in your 20s. Considering what might happen to those that are dependent on you if you died becomes a genuine concern. Life insurance can give you peace of mind on this matter. Rates will be a lot cheaper at this age than they’ll be for people over 50 and as well as over 75.
Life insurance is a necessary investment. You don’t want to leave loved ones to pay your debts, mortgage, or final expenses. On top of this, you may want to replace any income that you were receiving, or use the life insurance plan to pay for individual things, like your children’s college tuition. Make sure, however, that you go with one of the best life insurance companies.
What Are Life Insurance Rates Like For Those In Their 30s?
You’ll need to consider exactly how much life insurance to buy to cover the expenses you want. We’ve already mentioned above a list of things covered. Do some calculations, and get a ballpark number. A general rule is your life insurance policy should be about 10 times your yearly salary. Let’s take a look at some of the reasonable rates for those in their 30s, using a $250,000 30 year term policy as an example.
- $250,000 30 Year Term Policy
- For Men In Their 30s: ~$19/month
- For Women In Their 30s: ~$16/month
- $250,000 30 Year Term No Medical Exam Policy
- For Men In Their 30s: ~$35/month
- For Women In Their 30s: ~$28/month
As you can see, no medical exam policies are considerably more expensive. Also, notice the difference in rates between men and women. Apparently, these numbers are just estimations; the policy you find could be more or less expensive. $250,000 may not be close to enough to be fully covered for you, in which case you may want to try to get $1 million of coverage. However, it gives you a general idea of what to expect regarding rates. Of course, your rates will vary based on your general health. The 20 year term life insurance policy is probably not the best term to get if you’re looking to get to retirement.We’ll expand on this below.
How Can I Get Cheap Life Insurance In My 30s?
There are many things you can do to lower your life insurance costs. For one, it’s imperative to compare life insurance companies when you’re looking for a term life insurance policy for a 30 year old. Each life insurance company has different underwriting. Therefore, some insurance companies will believe you to be a higher risk than others.
You’ll want to shop at the best life insurance companies and compare quotes before deciding on which carrier you’d like to go with. An independent insurance agent can help you with this. They’ll know exactly where to look to find life insurance companies that are most likely to offer you the lowest rates and the best coverage.
Anything you can do to improve your health before applying also makes a big impact on your life insurance rates. Here’s a list of things you can do before applying that will help you get cheaper life insurance rates:
- Exercise often — those that are overweight pay much higher life insurance rates.
- Eat healthier
Other measures to take if you have Health Impairments to get the Best Rate
- Takes measures to lower your blood pressure or treated cholesterol.
- Quit any unhealthy habits — cigarette smokers can expect to pay 2 to 3 times more for their life insurance than nonsmokers. Quitting smoking a year in advance can save you a significant amount of money.
- Life Insurance after DUI or more than 3 moving violations. Do not have them! Or any other special risks such as certain employment or lifestyle.
- Make sure your health impairments are controlled such as diabetes type 1 or II, and early stages of MS.
- If you have cancer or any other severe ailment, don’t worry, you can still get a guaranteed acceptance life insurance policy.
The healthier you present yourself, the better off you are. You don’t want life insurance companies to label you a high risk applicant, or they’re going to charge you for it. If you have any questions, please feel free to contact us at PinnacleQuote. We only have relationships with life insurance companies that are rated A/A+ with A.M. Best.
Life Insurance In Your 30’s
Where can I get the Best Quote for Life Insurance?
First, PinnacleQuote is here to help. Second, Speak with one of our agents, and they’ll be able to answer any and all of your questions. Third, We can help set you up with the best life insurance companies and find the most reasonably-priced policies for you. Finally, Working with us will save you a tremendous amount of time, energy, and money.
PinnacleQuote Life Insurance Specialists, National Independent Agent
Above all, you want to make sure when shopping for life insurance that you want to go with an independent agent over a captive agent. Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states. At the same time, has relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote hold you by the hand. Therefore, we will provide you with the best life insurance rates in the industry, that’s made possible by the relationships we have accumulated over the years. Ultimately, with 25 years experience in the Investment/Life insurance industries, PinnacleQuote will provide you the best service to protect your family.