The key to getting the lowest life insurance rates by age is to apply with the right company from the start. We represent the best life insurance companies and best no medical exam life insurance companies in the U.S. Give us a call today to see what we can do for you!
Or you can check out our Life Insurance Quotes page and compare exam vs no medical exam life insurance options. Not sure how much insurance you need? No problem, just check out our term life vs whole life insurance calculator.
Affordable Life Insurance for a 29 year old
Buying life insurance while in your 20’s is a perfect time to lock in a great rate on. either a term or whole life insurance policy. At age 29, 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 29 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 29, 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 29 you could save yourself thousands of dollars later on in life.
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.
Easy to qualify for:
Qualifying for life insurance at age 29 should also be pretty easy because as stated before, most 29 year old’s are in pretty good health. At age 29 few have been clinically diagnosed with conditions that might make qualifying for life insurance more difficult or more expensive such as:
- High cholesterol.
- High blood pressure.
Now if you have been diagnosed with one of these 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 29 allows applicants to pick and choose among dozens of different options which may or may not be available to older applicants. For example, polices such as:
- Return of Premium Insurance policies.
- Whole life insurance policies.
- And Universal Life Insurance policies.
These policies should be considered as viable options for most 29 year old’s simply because at age 29 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 long term or a whole life policy at the detriment of the correct face amount, you might want to choose a shorter term policy that allows you to get the necessary face amount. It is better to have a bigger face amount policy that 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.
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.
From there you will be given a price quote based on the information that you provided and you will be able see all the different carriers that would be available in your area. If at that point you wish to move forward, we’ll give you a call just to make sure that you will qualify for the policy that you selected, because the last thing we want to do is waste any of your time. We’re looking for lifetime customers that will recommend their friends and family to us which is why we place customer satisfaction above all else.
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:
- Best Long Term Care Insurance Companies,
- Best Short Term Care Insurance Companies,
- And the Best Disability Insurance Companies.
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.
Leave a Comment