Quick Tip: To Compare Rates in your 40's fill out the instant life insurance quote form on the left!
Life Insurance in your 40's ~ did you know....
You’re 40? No life insurance? Your family is at Risk! Let’s Talk!!!
Time waits for nobody!!! let's begin....Insurance in your 40s....
So here you are, you are not 25 years old anymore. Age 50 is right around the corner. While you are still in good health, now is the time to be buying life insurance. Especially since you put it off for so long. We are all guilty of it, but time waits for no one! The longer you wait to get life insurance, the higher the prices. Its time to put a financial plan together to protect your family.
Affordable life insurance over 40 is still in reach, you don’t want to wait until your 50s to get coverage. Applying for life insurance right now and getting the best life insurance premiums is your only option. Why? There are so many things that you may need to cover when you compare life insurance rates. Consider the list below:
- 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 tuition
- Final expenses (these can cost about $10,000)
- To replace your income
- lump sum to beneficiary to pay off funeral expenses
Deciding how much life insurance to buy definitely requires a lot of calculations as it varies by age. 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! When you start getting up in age, lets say 50 to 59, our health changes. We are now older. Your 20-year term policy that would have cost you $30.00 a month, is now going to be higher as you age and your health changes. Call today, 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 long term policy consider 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 year term 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.
life insurance over 40 no medical Exam
Being age 40 is the middle of the road based off mortality statistics. If you take good care of yourself then you should not have a health problem. However, most people do not. This is the decade when health impairments like diabetes may creep up on you.
Furthermore, this is also the last decade to get really good life insurance rates. In fact, no exam life insurance are still affordable, and underwriting are still lenient.
Here are some of our best no exam carriers:
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:
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
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
Quotes for life insurance for a 40 year old male will be slightly different than that of females. 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:
GUARANTEED Acceptance LIFE INSURANCE age 40
There are two companies that offer a guaranteed issue life insurance policy for 40-44 year olds. The first company is Great Western Insurance Company (GWIC). With this policy, a graded death benefit the beneficiaries will receive the first 2 years of which all premiums paid will be refunded plus 10%. After the waiting period, the company offers the full death benefit.
The second, Prosperity Life has their Prime Term 100 that has 3 questions, as long as you are not terminal of less than 24 months, confined to a nursing home or hospice and or diagnosis of any cancer the last 24 months, you are covered!!
These require little to no health questions and the Great Western will cover the terminally ill.
Once you hit age 45, in some states AIG will offer you a Guaranteed issue life insurance policy! Then Gerber finally at age 50.
There are no guaranteed acceptance policy in your 30's. Hopefully one day that will change.
CHEAP TERM LIFE INSURANCE QUOTES FOR PEOPLE IN THEIR 40S
Term Life Insurance is quite the popular choice!!!
So, you purchased term life insurance, now what? Whether it be a 20 year term, 30 year, here is what you need to know. 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:
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:
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 Over 40
Now is the time to get insurance in your 40's. Premiums go up every year you age. Rates triple by the time you are in your 60's! 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
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
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 50’s because it will be far more expensive.
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! Even, helps pay off your outstanding student loans,
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. You can find us in Duval County, home of the Jacksonville Jaguars!
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.
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
Final Thoughts about life insurance in your 40's
Keep in mind no matter the type of policy you purchase, Universal life, Term Life, Whole Life, PinnacleQuote is here to guide you. The beauty of it all it is in the privacy of your home. Online life insurance is the new fave way of achieving your goal of protecting your family.
We all live a busy life, kids, work, activities. Today's technology allows us to do everything via phone along with smartphones, tablets and desktop computers. Even signing your policy is done via docu-sign!! How awesome is that!!?? Exceptions to this, there a a few carriers that require a wet signature. Don't worry, they will catch up to the art of life insurance one day!!
If you are looking for life insurance in Florida, New York, Texas, California or in any of the 49 out of 50 states, PinnacleQuote is here for you! We are a virtual business! It is now 2019! Like we mentioned above, life insurance is handled completely different today than the door to door days! We are based out of Jacksonville, Florida. The entire application is done via phone. Although we are virtual throughout the U.S. if you are looking for a local Jacksonville life insurance agent, we will come to you if that is easier for you. There is nothing like meeting people and helping them achieve their life insurance goals!
Call us today, allow us to show you the dedication and passion this family owned business has for you. (855) 380-3300.