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Best Life Insurance rates for a 40 year old.

Life insurance 40 year oldIn order to find the best life insurance rates at age 40 you need to apply with the right company. At TermLife2Go, we stay on top of the changes in the marketplace so that we can align our clients with the top insurance companies in the USA, including the best no medical exam policies. Give us a call today to see how we can help you!

Or you can check out our Life Insurance Quotes page and compare exam vs no medical exam life insurance options.

Life Insurance at age 40 (forty).

Finding the best rates on life insurance at age 40 is usually not a problem. However, there are many things one should be aware of before trying to get the best rates on life insurance for a 40 year old, such as:

  • What is the difference between policies that require a medical exam and ones that don’t?
  • Does it help to apply for life insurance directly with the insurance carrier themselves?
  • What is the best policy for me and my family?

Without knowing the answers to these questions before applying for life insurance at age 40 it could mean the difference between getting approved for life insurance in your 40s with a preferred rate or being denied for coverage all together.

Let’s us explain:

Life insurance age 40.

What is the difference between policies that require a medical exam and ones that don’t?

Just so you know, getting a million dollar life insurance policy with an exam and without an exam is available.

Most 40 year old’s looking for insurance for the first time will likely go the traditional route of coverage and apply with a carrier that will require a medical exam.  This exam will include a physical wherein a paramedical examiner will record the applicants:

  • height and weight,
  • blood pressure levels,
  • cholesterol levels,
  • a blood sugar screening,
  • as well as a blood and urine sample.

This exam will be paid for by the insurance company and will be made to sound like it’s no big deal by the agent selling the policy.  And in most cases, this exam really won’t be a big deal. Unless of course your cholesterol or blood pressure levels come back too high.

Or maybe the blood exam results uncover that you have elevated blood sugar levels, which according to the American Diabetes Association, is true for an estimated 7 million Americans who have not yet been “officially” diagnosed with as diabetic. The good news is that diabetic life insurance is available.

In these situations, the “free” medical exam does become a big deal because that exam is going to lead to an increase the cost of the insurance. In certain situations it could even result in you being denied for life insurance.

But what if you didn’t have to take a medical exam to be covered?

What if there were policies that would simply:

  • ask a series of medical questions,
  • run a prescription database check, and
  • make sure you have a clean driving record.

Wouldn’t it make sense to apply with these companies first?  We at TermLife2Go think so, which brings us to the next important question.

Does it help to apply for life insurance directly with the insurance carrier themselves?

Short answer:  It doesn’t matter.

Long answer: Life insurance rates are determined by the insurance company. The rates the life insurance company chooses are then submitted to the state insurance department for approval. From there, any insurance agency selling that policy must charge the “approved rate”.  So for this reason you will get the same rate on any single policy no matter where you purchase it.

But if you apply with a single carrier, you will be subject to their underwriting guidelines and only their underwriting guidelines. So if you do happen to have a preexisting condition or currently take a prescription medication, that could change your rate with a particular carrier but maybe not with another carrier. That is why working with a agency like TermLife2Go, that can pick and choose from dozens of different life insurance carriers, can save you a ton of money on your life insurance. See our article, TermLife2Go’s 4 Step Process for getting clients approved for life insurance.

What is the best policy for me and my family?

Short answer:  It depends.

You have several choices of life insurance at age 40. There are various types of life insurance to choose from.  If you were to choose term, most financial advisors are going to recommend between a 10 to 30 year term life insurance policy depending on your family’s needs.  At TermLife2Go, we typically find that these less expensive term life options are usually the best fit for our clients.

But that is not a decision for us to make for you.  Our role here at TermLife2Go is to simply breakdown the options available to you and assist you in making the best decision for you and your family.

For example, at age 40 most clients will choose a 20 year term. For a healthy male looking for a twenty year term, $500,000 of life insurance at age 40 for a man would run less than $350 a year!

And females will pay even less. The same life insurance at age 40 for a women would run less than $305 a year!

Sample life insurance 40 year old Quotes.

Quotes based on a male at preferred plus rate

Prices require a medical exam except where noted. No medical exam life insurance available at slightly higher premiums.

Face Amount
10 year
20 year
30 year
GUL to 121
$25,000
N/A
N/A
N/A
$30.10
$50,000
$7.09
$8.53
$19.10 (no med)
$45.05
$100,000
$8.54
$11.50
$18.20
$56.76
$250,000
$11.84
$18.29
$30.95
$128.63
$500,000
$17.46
$29.95
$53.95
$245.62
$1,000,000
$28.71
$53.80
$102.82
$478.73

 

Sample life insurance 40 year old quotes.

Quotes based on a female at a preferred plus rate

Prices require a medical exam except where noted. No medical exam life insurance available at slightly higher premiums.

Face Amount
10 year
20 year
30 year
GUL to 121
$25,000
N/A
N/A
N/A
$27.04
$50,000
$6.56
$8.14
$15.14 (no med)
$39.73
$100,000
$8.10
$10.80
$14.70
$45.92
$250,000
$11.10
$16.00
$25.75
$102.81
$500,000
$16.11
$26.15
$43.20
$205.00
$1,000,000
$26.01
$45.50
$80.35
$378.00

 

Lastly…

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 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.

You see…

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!

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, after 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.

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To empower our customers through knowledge and expertise so our clients secure the best and most appropriate insurance coverage available providing peace of mind to our clients and their loved ones.

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.