Finding the right life insurance at age 48 comes down to one thing: choices! At TermLife2Go, we provide our clients with choices from the best rated life insurance companies and best no physical exam companies in the U.S.
For more rates, please see our life insurance rates by age chart. Or you can check out our Life Insurance Quotes page and compare exam vs no medical exam life insurance options on your own and then just give us a call if anything looks like it’s going to meet your needs!
Life Insurance at age 48.
If you’re 48 years old and you do not have life insurance yet or your thinking about getting additional coverage, then this article is meant for you. Life insurance at age 48 can still be really inexpensive if you know where and how to look. So before you make any official decisions on buying life insurance in your 40’s, be sure to consider the following.
And just so you know, getting a million dollar life insurance policy with an exam and without an exam is available.
4 Tips to getting the best rates on life insurance at age 48.
#1. If you don’t know, don’t test!
If you haven’t had a physical that included a blood draw within the past 12 months, and you’re not currently taking any prescription medications, don’t run the risk of having an insurance company diagnose you with one of the following ailments:
- high blood pressure,
- high cholesterol,
- or elevated blood sugar (see life insurance diabetes).
Because being diagnosed with any one of these aliments will increase amount the premium that you will pay for your life insurance.
Additionally, you should know that insurance companies do share information about applicants with one another. So, once an insurance company performs a medical exam on you, that information will be recorded and stored for other insurance companies to review in the future.
For this reason, if you’re not sure that your medical exam is going to come back perfect, don’t take one. You would be better off going with an alternative policy that offers coverage with a non medical option first.
TermLife2Go specializes in placing both medical and non medical term life insurance policies and have found that many of the non medical options are currently as competitive if not more competitive than those requiring full medical exams.
#2. Get it now!
Your age will be a major determining factor in the premium that you will pay. So today really is the cheapest your insurance is going to be for you. So don’t delay!
*** It should be noted that in some cases delaying getting coverage may make sense, for example:
- You are currently trying to stop smoking and need to wait a year to get non-tobacco rates.
- You need to wait a year to clear up a DMV issue.
- You have a pre-existing medical condition that may require a waiting period before a life insurance company will underwrite you.
However, for most 48 year olds looking to buy cheap life insurance, waiting only means one thing: your life insurance policy is going to cost more when you do finally decide to take the next step and apply.
#3. Not all Insurance Carriers are the same!
Each insurance company has its own rules and guidelines that it will follow when underwriting an application. Some insurance companies may have very strict guidelines when it comes to certain conditions while carriers may not even consider the condition an issue at all. This is why it’s really important to know which carrier to use and why!
Which brings us to our next point…variety is the key to saving money!
#4. Find someone that is working for you, not the insurance company.
With so many options to choose from and so many different carriers competing for your business, it’s essential for you as a educated buyer to work with an agency that is not bound to any one specific life insurance company. Your agency should be able to shop your application to dozens of different life insurance carriers forcing them to compete for your business.
Only by choosing to work with an agency that represents multiple life insurance carriers can you ensure that you are getting the best policy to protect you and your family. After all…
Doesn’t it make sense to work with an agency whose sole focus is you?
This is where TermLife2Go steps in, as an independent agency our agents are committed only to you and your family. Our main goal is to help guide you through the process of:
- First, choosing from the various types of life insurance policies available, such as term life or whole life insurance.
- Second, determining the appropriate coverage amount.
- And third, determining which carrier will give you the best rate available.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!
We’d like to take a moment and let you know that we here at TermLife2Go don’t live in a bubble! And that fully understand how difficult it is for a family to simply “get by” nowadays. And while we would all love to be able to purchase a 100 million dollar term or whole life insurance insurance policy on ourselves so that our loved ones will be forever taken care of should we pass away too soon, but who can afford such things!
This is why…
We’ve also chosen to write several articles sharing some of the knowledge that we have acquired over the years working with 1000’s of clients concerning how they make a living.
Just about every time we complete a life insurance application for one of our clients, one of the first questions that we have to ask is:
“what do you do for a living?” and “what would you estimate your annual income as?
Which means that over the years, we’ve become really familiar with a wide range of different career paths and opportunities that a person can take.
Some of which you would probably never think of on your own!
Our number one goal here at TermLife2Go is to help individuals and families secure their own financial security and independence, we wanted to share with you what we’ve learned.