Life Insurance Policy 40 Year Old

Pros of 20 Year Term Life Insurance In Your 40’s. Lets touch base on why we feel that a term life insurance policy is a great option for a male or female in their 40’s: At Your Age & Stage, It May Be The Most Practical Choice. In 20 years your kids may be grown with their own careers.. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%.. 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.. If you’re overweight when you apply for life insurance, then you’re going to pay around 50% more for your coverage. The Best Life Insurance Companies for 40-Year-Olds. Once you decide a term life insurance policy is for you, it’s time to start comparing rates and weighing your options with different companies..

A healthy person aged between 18 and 70 can expect to pay an average of $67.88 a month for a $250,000 life insurance policy. Of course, this cost varies significantly depending on where you fall on that age spectrum, as well as your lifestyle and overall health.. Waiting to buy will always be more expensive. 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..

Term Life Insurance Over 40. Great news if you are in your forties - term life insurance rates have never been this affordable. With people's life expectancy going up every year, it is no surprise that life insurance companies are more than happy to insure people over 40 years of age.. Permanent life insurance isn't the best choice for most people. It's several times as expensive as term life insurance for the same amount of coverage. While your policy does accumulate some cash .... Life insurance companies will use age as a determinant for life insurance premiums. Rates will continue to increase as you age due to a decrease in your total life expectancy. The term life insurance quotes below are for a 20-year term life insurance policy with a death benefit of $500,000..