What Type of Life Insurance to Get? Since term life insurance costs less than permanent life insurance (whole and universal), this may be the best option for you and your family. At your young age, getting a 30-year term policy is the recommended term. Keep in mind that a term policy expires at the end of the term.. Average Cost of Term Life Insurance. On average, Americans spend $2,037 per year on term life insurance. This average is for non-smokers between the ages of 20-65 with a $500,000 policy. Smokers pay a higher rate, with an average of $7,313 per year for term life insurance. This comes out to around $609 per month..
The best life insurance policy for 30 -39 year olds comes down to your specific need, health and lifestyle. The key to finding the best life insurance policy is to have options. Visit our Term Life Insurance Quotes page to start comparing quotes. But what happens if you get sick but don’t die?.
Your life insurance policy will pay out a lump sum of money to your nominated beneficiary/ies to leave them financially secure should you die. Find out how much life cover you need with our life cover premium calculator to get a life insurance quote from Old Mutual, South Africa’s most experienced insurance company.. However it’s worth keeping in mind that taking out a policy is more about the stage in life you’ve reached, and your changing circumstances like your financial security, rather than just your age. There’s no minimum age for life insurance, but you will need to be 18 to take out a financial contract such as an insurance policy..
30 Year Term Life Insurance 30 to 39 Year Olds. If you are in your thirties this is the perfect time to get life insurance - rates are still very affordable and long term coverage is easy to get.. For example, consider a 30-year-old who waits 10 years to buy a policy at age 40: A 20-year, $500,000 term life policy will cost about $100 more per year. By waiting 20 years until age 50, rates .... Sample Life Insurance Needs for a Male Non-Smoker Age 32. Using the calculator above I ran a quick quote for the life insurance needs of a 32 year old non-smoking male in California who is in good health (preferred rate) and is looking for 30 years of coverage. He is doing well in his career and currently making $120,000 (gross) per year..