Best life insurance policy in your 30s

When comparing the best life insurance policies, it is important to realize that not all companies are the same. Different companies have different requirements when it comes to underwriting a policy. The key to finding the best life insurance policy in your 30s is to know which company to apply with from the start.

Best life insurance policy in your 30s

Below are sample life insurance rates. Please keep in mind that these are simply examples and that life insurance rates must be qualified for. Best life insurance age 30+ rates from Protective Life, Principal Financial and Mutual of Omaha.

Life Insurance Cost for ages 30+

Sample life insurance ages 30-39 quotes based on a preferred plus male applying for a 10 year term from a composite of A- rated carriers and better. Rates must be qualified for.

Ages $250,000 $500,000 $1,000,000
30 962,00 1.407,00 2.129,00
31 962,00 1.407,00 2.146,00
32 962,00 1.407,00 2.163,00
33 962,00 1.407,00 2.179,00
34 962,00 1.407,00 2.195,00
35 962,00 1.407,00 2.211,00
36 1.001,00 1.485,00 2.341,00
37 104,00 1.562,00 2.471,00
38 1.081,00 1.642,00 2.607,00
39 1.125,00 1.729,00 2.743,00

How to Find the Best Life Insurance Policy in Your 30s

The first step to determining what the ideal life insurance policy will be is to start with your reason for life insurance. By understanding your goal, you will understand what type of life insurance policy you need.

Family Protection

Life insurance in your 30s typically revolves around your family. Around this age is when most couples begin family planning, talking about kids, buying a home, and other huge life events.

Life insurance for family protection starts with deciding on how much coverage you need. As the primary wage earner, getting life insurance 10-20 times your annual salary may be required in order to protect your future earning power.

A spouse who is considering becoming the stay at home mom (or dad) should also consider getting covered. The main concern should be how the kids will be taken care of if the stay at home parent dies.

Business Protection

For entrepreneurs, considering life insurance for business planning is an important step to ensuring that your business has a future, long after you are gone. For most people in their 30s, business life insurance will take the form of key man insurance, although some business owners may need to consider buy-sell life insurance.

Estate Planning

When you are in your 30s, planning your estate is one of the last things you are considering. However, it is important to begin thinking about how your decisions now will affect your retirement and future generations. Using life insurance for estate planning is an excellent way to leverage your wealth and maximize an estate for your beneficiaries.

Burial Expenses

Most people ages 30 – 39 are not thinking about final expenses or burial insurance. However, if you are one of the few who are comparing funeral plans with final expense insurance, you may want to look into a term life policy with a conversion option, that prior to the term expiring, allows you to convert all or a portion of the policy into permanent coverage with no proof of insurability (i.e. no medical exam).

The Best Life Insurance Policy

When comparing the different types of life insurance policies, the most important factor on determining which type is best for you comes down to the goal of the policy.

Permanent life insurance

There are two main types of permanent life insurance: whole and universal.

Determining which is best will come down to the reason for the coverage.

Whole Life

Whole life insurance builds cash value. The owner of the policy may also receive a dividend payment. Whole life lasts your whole life and can be an excellent product for use in estate planning and business succession planning with life insurance.

For more reading on whole life, please visit 13 Cash Value Life Insurance Benefits

Universal Life

Universal life insurance comes in three flavors: Guaranteed, Indexed, and Variable.

Guaranteed Universal Life (GUL) is a great choice when you want permanent coverage but with a smaller price tag. This type of policy offers lifetime coverage but with a smaller cash build up, leading to lower premiums than the other two UL policies.

Indexed Universal Life (IUL) provides lifetime coverage with cash value accumulation tied to an index, such as the S&P 500.

Variable Life Insurance (VUL) is a policy that allows the owner to manage funds in the policy, such as investing in equities. It works as life insurance with an investment account.

Term Life

Term life insurance offers excellent protection for the lowest price. Exam and no exam term life insurance is very inexpensive. If you are wary of taking an exam due to fear of needles, you might want to read our article that covers the benefits of no exam versus taking an exam.

For 30 – 39 year olds looking for life insurance, term life is the number one choice. You can check out life insurance rates by age or by term length to get an idea of how inexpensive a term life insurance policy at age 30 – 39 can be.


In Summary

The best life insurance policy for 30 -39 year olds comes down to your specific need, health and lifestyle. The key to finding the best life insurance policy is to have options.

Visit our Term Life Insurance Quotes page to start comparing quotes.

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:

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