When searching for coverage at age 42 it is important to consider all of your options. At TermLife2Go, we work with dozens of top rated best life insurance companies and no medical exam life insurance companies in the U.S. This is how we help our clients lock into the lowest life insurance rates by age.
Life Insurance at Age 42.
If you are 42 years old and you do not have life insurance yet, then this article is meant for you. Life insurance at age 42 is super inexpensive if you know where to look. This article focuses on the ins and outs of applying for life insurance at age 42 and how you can get the cheapest life insurance in your 40s.
Just so you know, getting a million dollar life insurance policy with an exam and without an exam is available.
#1. If you don’t know, don’t test!
If you haven’t had a physical within the past 12 months, and you’re not currently taking any prescription medications, do not run the risk of having an insurance company diagnose you with one of the many common ailments of someone in their 40s. Ailments such as:
- high blood pressure,
- high cholesterol,
- or elevated blood sugar (see diabetic life insurance).
It’s important to note that once an insurance company performs a medical exam on you, that information is shared among all the top carriers. Which is why if you’re not sure that the medical exam is going to come back perfect, do not take one. Go 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!
The number one factor in determining what the cost of insurance is going to be is age. So today is the cheapest it’s going to get for you. Now there may be a few rare cases where it may be cheaper down the road. Cases such as:
- 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 conditions that may require a waiting period before a life insurance company will underwrite you.
But for most people applying for cheap life insurance who are age 42, waiting only means one thing: life insurance is going to cost more when you finally decide to take the step and apply. Therefore, today is the day to take that step and apply for life insurance.
#3. Not all Insurance Carriers are the same!
It’s important to remember that not all insurance companies are the same. The good news is that the life insurance industry is just like every other industry out there: competition is always pushing insurance companies to fight for your business. What that leads to is different life insurance carriers taking on “niches” in an attempt to gain market share. These niches may change from time to time but generally life insurance companies become known within the industry to zero in on certain groups. 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.
It’s key for you as a consumer to work with an agency that is not bound to any one specific carrier. An agency that will be able to shop your application to dozens of different life insurance carriers out there. Only by going with an agency that represents multiple life insurance carriers can you ensure that you are getting the best policy to protect your family. Insurance rates are determined by the insurance companies and approved by the state insurance commission. For this reason, it doesn’t matter who you purchase your insurance policy from. You can go directly through the carrier or choose to work with an agency. The difference lies in this: if you choose to work directly with the carrier, the carrier will not be willing to shop your policy to multiple carriers if for some reason you don’t “qualify” for that specific carriers best rates!
Doesn’t it make sense to work with an agency whose sole focus is you?
Totally confused?…. Don’t be, 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, selecting from among the different types of life insurance policies, whether it be Term Life versus Permanent 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.