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Best Life Insurance rates for a 27 year old.

Our goal is to align our clients with the best life insurance companies that consistently provide the lowest life insurance rates, including the best no medical exam life insurance companies available. Give us a call today and let us help you get the best life insurance tailored specifically for you!

Affordable Life Insurance for a 27 year old.

Buying life insurance while in your 20s is a perfect time to lock in a great rate on either a term or whole life insurance policy.  At age 27, what you’re going to find is that life insurance is really inexpensive.  So inexpensive that usually the hardest thing about buying life insurance at age 27 is understanding all your options.

For this reason, clients in their 20’s should consider locking down a policy based on “price” not on the actual amount of coverage.  The reason for this is that at age 27, a million dollar life insurance policy may seem crazy, but when your 30 or 40 it may be what you really need.  So if you lock in a million dollar policy life insurance policy at age 27 you could save yourself thousands of dollars later on in life.

For example:

Client will often say that they just need a $100,000 dollars in coverage now but fail to realize that for $5 or $10 more a month they could be looking at having $500,000 to $1,000,000 dollars in coverage. So rather than buy what you think you need, determine how much you want to spend and then look for a policy that will give you the most benefit for that amount.

Best Life Insurance rates for a 27 year old.

Business Owner Life Insurance

For young entrepreneurs starting their businesses in their 20s, having a business succession plan in place is important. However, this is typically way down the list for a 27 year old business owner. But the amount of savings for your business over the long term can be substantial for those with the vision to get business protection in place now, instead of waiting until your 50s and 60s as so many do.

A few areas where coverage can really help a business is key person insurance, or to help cover Small Business Association or business loans.

Sample Life Insurance Age 27 Quotes for a Male

All quotes are at a preferred plus rate

Face Amount
10 year
20 year
30 year
GUL to 121
$25,000
N/A
N/A
N/A
$23.36
$50,000
$6.13
$7.35
$10.65 (no med)
$32.02
$100,000
$7.32
$9.50
$12.60
$37.41
$250,000
$9.83
$13.34
$19.47
$78.09
$500,000
$14.31
$20.88
$33.06
$145.25
$1,000,000
$21.70
$35.67
$57.00
$279.13

 

Sample Life Insurance Age 27 Quotes for a Female

All quotes are at a preferred plus rate

Face Amount
10 year
20 year
30 year
GUL to 121
$25,000
N/A
N/A
N/A
$21.74
$50,000
$5.91
$6.87
$9.59 (no med)
$29.00
$100,000
$7.06
$8.58
$11.73
$31.68
$250,000
$8.95
$12.03
$16.63
$66.50
$500,000
$12.62
$18.62
$26.78
$121.63
$1,000,000
$19.14
$29.58
$45.50
$229.00

 

If you like what you see give us a call to get started today!

Easy to qualify for:

Qualifying for life insurance at age 27 should also be pretty easy because most 27 year olds are in pretty good health.  At age 27 few have been clinically diagnosed with conditions that might make qualifying for life insurance more difficult or more expensive such as:

Now if you have been diagnosed with one of these high risk life insurance conditions already, it’s not the end of the world, it just makes getting life insurance now all the more urgent. As you grow older, these health conditions may make life insurance very hard to get or may keep you from being able to get life insurance at all.

More options to choose from:

Buying life insurance at age 27 allows applicants to pick and choose among dozens of different options which may or may not be available to older applicants.  For example, different policies such as:

  • Return of Premium Insurance policies
  • 30 Term Life Insurance policies.
  • Whole life insurance policies
  • And Universal Life Insurance policies

These policies should be considered as viable options for most 27 year olds simply because at age 27 they could be really affordable and provide some significant benefits that traditional term policies simply don’t have.

However, you need to do a thorough needs analysis to make sure your family is properly insured. If you have to choose between a longer term or a whole life policy to the detriment of the necessary coverage amount, you might want to choose a shorter term that allows you to get the necessary death benefit.

It is better to have a bigger face amount policy than a longer term because you may not need life insurance down the road, but you definitely need it now. If you are not sure which way to go, TermLife2Go can help.

And preparation is key, which is why you should be aware of what life insurance exams test for and read our tips for acing your life insurance physical exam.

About TermLife2Go:

We at TermLife2Go realize that in today’s world, people are busier than they have ever been before.  Today’s dollar needs to stretch farther than it ever needed to in the past, and people just want to be able to find an affordable life insurance policy without having to speak with a dozen different agents. For this reason we’ve simplified the process by letting you shop dozens of different carriers.

Lastly…

We know that for a lot of individuals, especially those who are just starting their careers, may not have a ton of extra discretionary income which they can use towards purchasing a term or whole life insurance policy.

For this reason…

We’ve also chosen to write several different articles sharing some of the knowledge that we have acquired over the years working with 1000’s of clients.   You see, nearly every time we complete a life insurance application for someone, one of the first questions that we need 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 some of which you would probably never think of on your own.

And since we still have your attention…

One can assume that “most” folks who end up purchasing a term or whole life insurance policy do so, so that their loved ones would be protected “financially” in the event of their death.

But what happens if you get sick but don’t die?

Would your family’s financial future still be protected?  Probably not.  This is why we like to encourage folks to also take a look at some of our other articles that discuss other “types” of insurance policies as well so that regardless of what happens in the future, your family will be well prepared:

And because…

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.  So, once you’ve had a chance to visit our Life Insurance Quotes page feel free to check out our 100 Ways to Make Money Fast and our Top 23 Apps That Will Make You Money.

2 comments… add one
  • nick wagner

    I have a term life insurance quote for 149,000. I have two benificiaries who will split $149,000. I would like to know how to double my life insurance. My premium is is $14.99 a month. How much would the premium be if i was going to do double life insurance term. I also would like to set up a single life insurance policy for my fiancee. I would like to know how much a $250,000.00 life insurance policy for a benificiary who can collect %85 of the policy right at time of death. Also for my fiancee to be power of attorney over the life insurance policy.

    • Nick,

      Just give us a call when you have a chance and we would be happy to help answer all of your questions for you.

      Thanks,

      TermLife2Go

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About TermLife2Go

Our licensed professionals have over two decades worth of experience and will help you choose the best life insurance company for the lowest price based on your specific needs and lifestyle. Find out more about us here.