Affordable Life Insurance For Over 40

Written by Danny Ray

Quick Tip: To Compare Rates in your 40's fill out the instant life insurance quote form on the left!

Affordable Life Insurance For Over 40

You’re 40?  No life insurance? Your family is at Risk! Let’s Talk!!!

Time waits for nobody!!!

The longer you wait to get life insurance, the higher the prices. Affordable life insurance for over 40 is still in reach, you don’t want to wait until your 50s to get coverage. There are so many things that you may need to cover with your life insurance. Consider the list below:

40 years old life insurance


  • A house mortgage
  • Any debts that you don’t want your loved ones to inherit
  • Special occasions you may want to fund, like weddings or graduations
  • Children’s college tuitions
  • Final expenses (these can cost about $10,000)
  • To replace your income
  • Deciding how much life insurance to buy definitely requires a lot of calculations. However, one thing is for sure: without life insurance, your family is at risk. In your 40s, cheap life insurance policies are still possible, and Affordable!  A PinnacleQuote agent will help you get the most affordable term life insurance.


    Best Life Insurance for a 40 Year Old

    The most Affordable options…

    First, you’ll need to decide if you want a permanent life policy or a term life policy. A term life policy is more basic, simply providing death benefit coverage. However, it is also the cheapest type of life insurance. It will cover you with a temporary amount of time; usually, you choose from 5, 10, 15, 20, or 30 years of coverage.

    A permanent life policy will cover you for your entire life. On top of this, permanent life policies have options for cash value build up. However, these plans can be significantly more expensive than term life plans. There are many different kinds of life insurance policies to consider.


    WHAT IS THE AVERAGE LIFE INSURANCE COST PER MONTH

    Many clients ask us, how much does life insurance cost monthly?  That is hard to answer.  Why? You have to look at it this way,  rates will depend on the following factors:

  • Age
  • Health
  • Lifestyle
  • Family history
  • No one person is the same.  Life insurance is NOT a “one size fits all.”   The best way to determine price per month with the best A+ rated carrier, is to be in touch with your independent agent.  They will be able to guide you throughout the entire process.  

    who has the best life insurance rates ~ let's talk carriers!

    • Banner Life
    • Prudential
    • Protective
    • AIG

    To name a few! Each carrier will look at you differently.  There is no "one size fits all" in life insurance.

    Your independent agent will be able to tell you each carriers unique characteristics and based on your lifestyle, age, medical history he/she will know which company will be the BEST FIT,  FINANCIALLY!  



    BEST LIFE INSURANCE FOR A 40 YEAR OLD WOMAN

    The cost of life insurance for 40 year old female is cheaper than it is for males. The fact is, women live longer. Their life expectancy is greater.  Could be that we are just stronger in general!  😊

    For a woman in good general health.  At this age, now is the time to consider a policy as it will never be as cheap as it is right now.  As you age, the rates will increase.

    A whole life insurance policy for a 40 year old female is much more expensive.  Below are the cheapest life insurance rates and comparisons:

    Face amount $500,000: healthy non – smoker. 

    Term Life ~ $25.25 a month with Banner Life.

    Whole Life ~ $543.99 a month with Foresters.

    To summarize the question, What is better term or whole life insurance?  Definitely term life is better at this stage of life. WHY?  Whole life is geared towards seniors, for their final expense and burial policies.


    LIFE INSURANCE 40 YEAR OLD MALE SMOKER

    Smoker vs. Non-Smoker rates.  As you can see below there is a significant difference in rates.  Banner Life is an excellent company to turn to for smokers as they are best in rates.

    Always be honest when filling out your application.  You will be taking a para-medical exam most likely.  So it will show up in a blood/urine test.

    How much is a $500,000 life insurance policy? See life insurance quotes below:

    life insurance rates non smoker

    40 year old Non Smoker Rates

    Rates for 40 year old male

    40 year old Male Smoker Rates


    GUARANTEED LIFE INSURANCE FOR 40 YEAR OLDS

    There is only one company that would guarantee a life insurance policy for 40-44 year olds. That company is Great Western Insurance Company (GWIC). In the near future there will be others that follow.


    CHEAP TERM LIFE INSURANCE QUOTES FOR PEOPLE IN THEIR 40S

    Term Life Insurance is quite the popular choice!!!

    Term life insurance is a popular option for people in their 40s. At this age, it’s still quite possible to find an affordable policy that offers solid financial protection for your family. Below, we’ll give a few tips on how to get the lowest rates possible on your life insurance:

  • Compare rates — one of the best ways to save money on life insurance is to simply receive several quotes from the top life insurance companies. By doing this, you can compare prices, and potentially save a lot of money on your policy.  You can find affordable life insurance!
  • Hire an independent insurance agent — an agent can help connect you with the best life insurance companies that are more likely to offer you the lowest rates.  They’ll know which companies have more lenient underwritings, so you can get a lower quote, despite age or health conditions. As a person in their 40s, they can assist you in getting the lowest rates for your age.
  • Quit tobacco products — cigarette smokers can expect to pay 2 to 3 times more for their life insurance than nonsmokers. Quitting just a year before applying can cut your rates in half.
  • Take measures to improve your general health — unless you go with a more expensive no medical exam policy, you’ll need to get a physical so that the life insurance company can assess your level of risk. Obviously, you’ll want to make a good impression by being as healthy as possible for the medical exam. So, eat healthier, exercise more, take measures to lower your blood pressure, etc.

  • RATE COMPARISON CHARTS

    Don’t put life insurance on the back-burner ~ The price will increase as you age!

    Below are the price difference if you keep putting off getting life insurance.​​​​

    Term life insurance 40 year old male:

    40 year old life insurance

    Term life insurance 50 year old male:

    50 years old getting life insurance


    As you can see above,  The importance of putting an affordable life insurance policy in place NOW is important.  By you putting life insurance off, because you think you have time, is a gamble on your family’s future. And it most certainly shows that as you age, the price increases!  ACT NOW!!!


    What is the least expensive form of life insurance

    The answer to that is simple.  Term life insurance would be the least expensive and most cost effective at this stage of life.  There is no cash value in a term life. This type of life insurance will expire technicall  before you would be expected to pass away.  However, when it does expire, at that point you could renew for another term policy. 

    Life Insurance Quotes

    Where do you begin?  Often times our clients start out googling for quotes via State Farm life Insurance.  And although they are a wonderful company,  they are most affordable for your auto and home insurance.  In fact, quite often, they try to bundle you a package deal.  It will end up costing you even more. 

    I took it upon myself to get a quote from State Farm to compare quotes.   See below.... 

    State Farm Insurance Vs. Protective and AIG examples

    state farm vs PinnacleQuote

     

    Life insurance quote for over age 40

     

    Now, there may not seem like a huge difference here. Based on my stats.  4'11, 111lbs at age 45. Non-Smoker Preferred at a face amount of $500,000.  That is over a $90 dollar savings per year!  In the world we live today, life, families, groceries... That $93.00 is a HUGE savings!  


    WHAT TERM LENGTH SHOULD I BUY ~ AFFORDABLE LIFE INSURANCE​​​​​

    Good Question!!!

    For 40 year olds, we recommend a 30-year term policy, if possible. As long as you can afford it, it’s always better to pay for longer coverage. With modern medicine, people are living for much longer.

     Life insurance for seniors over 75 is more attainable then recent years. You don’t want to buy term life insurance in your 50s because it will be far more expensive.

    40 years old and life insurance


    In fact, you may even want to consider a whole life policy. You can read about term life vs. whole life policies and decide for yourself. The most important thing, though, is that you do get life insurance coverage and that you get the best rates based on your age and health.

    It’s never too late or too early to buy affordable life insurance. Don’t wait. Get it while it’s still cheap and hopefully before you are diagnosed with any health issues, like diabetes.   You’ll save a lot of money on your policy if you get it while your still young and still healthy.


    IT IS NOT TOO LATE TO PURCHASE LIFE INSURANCE ~ IN FACT NOW IS THE TIME!

    I guess for many people the thought of death makes them avoid the subject of life insurance all together.  I get it.  Who wants to talk about death? 

    The truth is, you are thinking of it all wrong.  We are talking about the “living”.  The family you leave behind.  The family who depends on you financially.

    Like we mentioned earlier, when you die, your paycheck dies with you.  When this happens, your family has nothing to fall back on financially. They look to “go fund me” to cover your funeral.  That is fine and all.  However, if they get the cost covered, what happens next.  What about the mortgage, college, food, living the life you envisioned for them?  This is what life insurance covers! 

    You must understand, it isn’t always just a question of what is the best life insurance to get.  It is when is the right time to get it.  That time is NOW!  Life insurance will not be as cheap as it is today.  For the mere fact that as you age, rates increase.  The longer you put purchasing life insurance off,  the greater the risk of leaving your family financially crippled in the event of your death! 


    DANNY RAY OF PINNACLEQUOTE LIFE INSURANCE SPECIALISTS ~ AFFORDABLE, RELIABLE, GUARANTEED!

    PinnacleQuote is based in Jacksonville, Florida. 

    We are available Monday – Friday 9-9pm,  est.  Saturday and Sundays by appointment for your convenience. 

    I make myself available 7 days a week and I am available up until midnight,  Yes! Midnight for my West Coast Clients.  

    Foresters Life Insurance with Danny Ray

    Danny Ray ~Owner/Agent of PinnacleQuote Life Insurance Specialists

    I understand life is busy.  I also have a family.  As a Fiance and Father,  I know we sometimes get so busy we put things on the back burner.  However,  life insurance should NOT be one of those things.  Anything can happen in life and you can suddenly die.  Where does that leave your family?  Not only, devastated, but financially overwhelmed!

    Give me a call Today to discuss your life insurance needs.  I will tailor make you a policy that is not only affordable but it will keep intact your family’s future in the event of your death.

    Keep in Mind..  If you have a policy already in place,  you most likely are overpaying!  Actually, by up to 20%!!!  I WILL help you put that money back in your pocket where it Belongs!

    That last way to say to your family… I LOVE YOU  ~ Life Insurance

    More Important, If you have any questions regarding affordable life insurance, please feel free to contact us at PinnacleQuote (855)380-3300.

    Danny Ray & Lisamarie Monaco Contributed To This Article
    Danny Ray & Lisamarie Monaco Contributed To This Article

    Quick Tip: To Compare Rates in your 40's fill out the instant life insurance quote form on the left!

    Affordable Life Insurance For Over 40

    You’re 40?  No life insurance? Your family is at Risk! Let’s Talk!!!

    Time waits for nobody!!!

    The longer you wait to get life insurance, the higher the prices. Affordable life insurance for over 40 is still in reach, you don’t want to wait until your 50s to get coverage. There are so many things that you may need to cover with your life insurance. Consider the list below:

    40 years old life insurance


  • A house mortgage
  • Any debts that you don’t want your loved ones to inherit
  • Special occasions you may want to fund, like weddings or graduations
  • Children’s college tuitions
  • Final expenses (these can cost about $10,000)
  • To replace your income
  • Deciding how much life insurance to buy definitely requires a lot of calculations. However, one thing is for sure: without life insurance, your family is at risk. In your 40s, cheap life insurance policies are still possible, and Affordable!  A PinnacleQuote agent will help you get the most affordable term life insurance.


    Best Life Insurance for a 40 Year Old

    The most Affordable options…

    First, you’ll need to decide if you want a permanent life policy or a term life policy. A term life policy is more basic, simply providing death benefit coverage. However, it is also the cheapest type of life insurance. It will cover you with a temporary amount of time; usually, you choose from 5, 10, 15, 20, or 30 years of coverage.

    A permanent life policy will cover you for your entire life. On top of this, permanent life policies have options for cash value build up. However, these plans can be significantly more expensive than term life plans. There are many different kinds of life insurance policies to consider.


    WHAT IS THE AVERAGE LIFE INSURANCE COST PER MONTH

    Many clients ask us, how much does life insurance cost monthly?  That is hard to answer.  Why? You have to look at it this way,  rates will depend on the following factors:

  • Age
  • Health
  • Lifestyle
  • Family history
  • No one person is the same.  Life insurance is NOT a “one size fits all.”   The best way to determine price per month with the best A+ rated carrier, is to be in touch with your independent agent.  They will be able to guide you throughout the entire process.  

    who has the best life insurance rates ~ let's talk carriers!

    • Banner Life
    • Prudential
    • Protective
    • AIG

    To name a few! Each carrier will look at you differently.  There is no "one size fits all" in life insurance.

    Your independent agent will be able to tell you each carriers unique characteristics and based on your lifestyle, age, medical history he/she will know which company will be the BEST FIT,  FINANCIALLY!  



    BEST LIFE INSURANCE FOR A 40 YEAR OLD WOMAN

    The cost of life insurance for 40 year old female is cheaper than it is for males. The fact is, women live longer. Their life expectancy is greater.  Could be that we are just stronger in general!  😊

    For a woman in good general health.  At this age, now is the time to consider a policy as it will never be as cheap as it is right now.  As you age, the rates will increase.

    A whole life insurance policy for a 40 year old female is much more expensive.  Below are the cheapest life insurance rates and comparisons:

    Face amount $500,000: healthy non – smoker. 

    Term Life ~ $25.25 a month with Banner Life.

    Whole Life ~ $543.99 a month with Foresters.

    To summarize the question, What is better term or whole life insurance?  Definitely term life is better at this stage of life. WHY?  Whole life is geared towards seniors, for their final expense and burial policies.


    LIFE INSURANCE 40 YEAR OLD MALE SMOKER

    Smoker vs. Non-Smoker rates.  As you can see below there is a significant difference in rates.  Banner Life is an excellent company to turn to for smokers as they are best in rates.

    Always be honest when filling out your application.  You will be taking a para-medical exam most likely.  So it will show up in a blood/urine test.

    How much is a $500,000 life insurance policy? See life insurance quotes below:

    life insurance rates non smoker

    40 year old Non Smoker Rates

    Rates for 40 year old male

    40 year old Male Smoker Rates


    GUARANTEED LIFE INSURANCE FOR 40 YEAR OLDS

    There is only one company that would guarantee a life insurance policy for 40-44 year olds. That company is Great Western Insurance Company (GWIC). In the near future there will be others that follow.


    CHEAP TERM LIFE INSURANCE QUOTES FOR PEOPLE IN THEIR 40S

    Term Life Insurance is quite the popular choice!!!

    Term life insurance is a popular option for people in their 40s. At this age, it’s still quite possible to find an affordable policy that offers solid financial protection for your family. Below, we’ll give a few tips on how to get the lowest rates possible on your life insurance:

  • Compare rates — one of the best ways to save money on life insurance is to simply receive several quotes from the top life insurance companies. By doing this, you can compare prices, and potentially save a lot of money on your policy.  You can find affordable life insurance!
  • Hire an independent insurance agent — an agent can help connect you with the best life insurance companies that are more likely to offer you the lowest rates.  They’ll know which companies have more lenient underwritings, so you can get a lower quote, despite age or health conditions. As a person in their 40s, they can assist you in getting the lowest rates for your age.
  • Quit tobacco products — cigarette smokers can expect to pay 2 to 3 times more for their life insurance than nonsmokers. Quitting just a year before applying can cut your rates in half.
  • Take measures to improve your general health — unless you go with a more expensive no medical exam policy, you’ll need to get a physical so that the life insurance company can assess your level of risk. Obviously, you’ll want to make a good impression by being as healthy as possible for the medical exam. So, eat healthier, exercise more, take measures to lower your blood pressure, etc.

  • RATE COMPARISON CHARTS

    Don’t put life insurance on the back-burner ~ The price will increase as you age!

    Below are the price difference if you keep putting off getting life insurance.​​​​

    Term life insurance 40 year old male:

    40 year old life insurance

    Term life insurance 50 year old male:

    50 years old getting life insurance


    As you can see above,  The importance of putting an affordable life insurance policy in place NOW is important.  By you putting life insurance off, because you think you have time, is a gamble on your family’s future. And it most certainly shows that as you age, the price increases!  ACT NOW!!!


    What is the least expensive form of life insurance

    The answer to that is simple.  Term life insurance would be the least expensive and most cost effective at this stage of life.  There is no cash value in a term life. This type of life insurance will expire technicall  before you would be expected to pass away.  However, when it does expire, at that point you could renew for another term policy. 

    Life Insurance Quotes

    Where do you begin?  Often times our clients start out googling for quotes via State Farm life Insurance.  And although they are a wonderful company,  they are most affordable for your auto and home insurance.  In fact, quite often, they try to bundle you a package deal.  It will end up costing you even more. 

    I took it upon myself to get a quote from State Farm to compare quotes.   See below.... 

    State Farm Insurance Vs. Protective and AIG examples

    state farm vs PinnacleQuote

     

    Life insurance quote for over age 40

     

    Now, there may not seem like a huge difference here. Based on my stats.  4'11, 111lbs at age 45. Non-Smoker Preferred at a face amount of $500,000.  That is over a $90 dollar savings per year!  In the world we live today, life, families, groceries... That $93.00 is a HUGE savings!  


    WHAT TERM LENGTH SHOULD I BUY ~ AFFORDABLE LIFE INSURANCE​​​​​

    Good Question!!!

    For 40 year olds, we recommend a 30-year term policy, if possible. As long as you can afford it, it’s always better to pay for longer coverage. With modern medicine, people are living for much longer.

     Life insurance for seniors over 75 is more attainable then recent years. You don’t want to buy term life insurance in your 50s because it will be far more expensive.

    40 years old and life insurance


    In fact, you may even want to consider a whole life policy. You can read about term life vs. whole life policies and decide for yourself. The most important thing, though, is that you do get life insurance coverage and that you get the best rates based on your age and health.

    It’s never too late or too early to buy affordable life insurance. Don’t wait. Get it while it’s still cheap and hopefully before you are diagnosed with any health issues, like diabetes.   You’ll save a lot of money on your policy if you get it while your still young and still healthy.


    IT IS NOT TOO LATE TO PURCHASE LIFE INSURANCE ~ IN FACT NOW IS THE TIME!

    I guess for many people the thought of death makes them avoid the subject of life insurance all together.  I get it.  Who wants to talk about death? 

    The truth is, you are thinking of it all wrong.  We are talking about the “living”.  The family you leave behind.  The family who depends on you financially.

    Like we mentioned earlier, when you die, your paycheck dies with you.  When this happens, your family has nothing to fall back on financially. They look to “go fund me” to cover your funeral.  That is fine and all.  However, if they get the cost covered, what happens next.  What about the mortgage, college, food, living the life you envisioned for them?  This is what life insurance covers! 

    You must understand, it isn’t always just a question of what is the best life insurance to get.  It is when is the right time to get it.  That time is NOW!  Life insurance will not be as cheap as it is today.  For the mere fact that as you age, rates increase.  The longer you put purchasing life insurance off,  the greater the risk of leaving your family financially crippled in the event of your death! 


    DANNY RAY OF PINNACLEQUOTE LIFE INSURANCE SPECIALISTS ~ AFFORDABLE, RELIABLE, GUARANTEED!

    PinnacleQuote is based in Jacksonville, Florida. 

    We are available Monday – Friday 9-9pm,  est.  Saturday and Sundays by appointment for your convenience. 

    I make myself available 7 days a week and I am available up until midnight,  Yes! Midnight for my West Coast Clients.  

    Foresters Life Insurance with Danny Ray

    Danny Ray ~Owner/Agent of PinnacleQuote Life Insurance Specialists

    I understand life is busy.  I also have a family.  As a Fiance and Father,  I know we sometimes get so busy we put things on the back burner.  However,  life insurance should NOT be one of those things.  Anything can happen in life and you can suddenly die.  Where does that leave your family?  Not only, devastated, but financially overwhelmed!

    Give me a call Today to discuss your life insurance needs.  I will tailor make you a policy that is not only affordable but it will keep intact your family’s future in the event of your death.

    Keep in Mind..  If you have a policy already in place,  you most likely are overpaying!  Actually, by up to 20%!!!  I WILL help you put that money back in your pocket where it Belongs!

    That last way to say to your family… I LOVE YOU  ~ Life Insurance

    More Important, If you have any questions regarding affordable life insurance, please feel free to contact us at PinnacleQuote (855)380-3300.

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