Best Life Insurance Options for 40 Year Olds

Life Insurance Quote for 40 Year Old

Are you thinking about getting life insurance? If you’re in your 40s, you are probably worried about the price.

Sure, your plan is going to be more expensive, but it won’t destroy your savings account.


Your life insurance needs aren’t based on your health. Regardless of how old you are, there is a 99% chance you need an insurance policy.

Cheap Term Life Insurance Quotes for 40 Year Olds

Let’s get started,  you need an idea of how much you’re going to pay for your plan. We are going to give you a basic idea of what your plan will be.


If you’re a 40-year-old man with no health problems and in great shape, here is what you can expect for a term policy:

$50,000  $100,000   $250,000  $500,000  $1,000,000
10 year term               $9             $9             $15            $24            $41
15 year term               $11           $11           $17            $30            $53
20 year term               $11           $13           $22            $39            $71

The same person in less than perfect health can expect slightly higher premiums:

$50,000   $100,000  $250,000  $500,000  $1,000,000
10 year term                $11          $12           $21           $36             $66
15 year term                $13          $14           $26           $47             $88
20 year term                $14          $18           $35           $63             $118

Now let’s look at the same term life insurance for a 40 year old female “Preferred” health class, monthly rates:

$50,000  $100,000   $250,000  $500,000  $1,000,000
10 year term               $8            $9             $13           $21             $34
15 year term               $8            $10           $16           $25             $44
20 year term               $10          $11           $19           $34             $60

40 year old female “Standard” health class (controlled health issues), monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term              $11           $11          $19            $31             $51
15 year term              $12           $13          $24           $42             $77
20 year term              $12           $15          $30           $52             $96

How to Save Money on Your Life Insurance


Hopefully those example rates didn’t make your jaw drop. If you’re a little shocked at the price, there are some ways you can get those rates down.

Who doesn’t want to save money? Unless you’re okay with spending a fortune, you should look at some of the easy ways to save money every month.

Want to cut your rates in half? It’s not easy, but you need to quit smoking. Those rates above are NON-SMOKERS rates.  If you smoke, don’t even bother looking at those numbers. Your rates are jumping up. Cut the cigs and you can keep more cash. You have to choose, one or the other.

Looking for an additional way to save money? Compare, compare, compare.

With any major purchase, you should always shop around. The price difference between two carriers can be hundreds of dollars. Taking the time to look at different companies is an easy way to save money.

You’re busy, you might not have the time to do the shopping. We can do it for you.

Contact us, then we bring you over 20 quotes. Easy as that. You enjoy the savings, we do the work.

Best Life Insurance Policy at Age 40

Aside from comparing plans, how do you know which plan is best for you? There are some things you’ll need to look at.

When you’re looking at life insurance, you need to determine protection size. Having any coverage is better than nothing, but doing planning can ensure you get the coverage you need.

Let’s do the math. Multiply your annual income by seven and then add that number with all of your debts. That’s all you’ve got to do. Make sure your plan is at least this large.

After you’ve got the amount you need, you need to pick a plan. As an applicant who is in their 40s, a term insurance policy will probably be the best choice.
If you aren’t aware of term insurance (which you probably are), they are the purest and cheapest form of life insurance. You buy a plan for an exact date. You have coverage as long as it’s active. Eventually they expire and you no longer have insurance.

You can consider buying a permanent form of coverage, like a whole life insurance plan. As a middle-aged applicant, whole life insurance is going to be a lot more expensive.


Bottom Line


Life insurance is essential. It’s not as cheap in your 40s as it is in your 20s, but don’t let that stop you from buying a quality insurance plan.

Our agents at RootFin are dedicated to helping you. We work with clients of all ages. We’ve helped clients everywhere from 18-years-old to 80-years-old.

Sure, you could call all of the insurance companies yourself, or you can make one call to us.

There are a handful of benefits of working with an independent agents, like us. Not only can we deliver personal quotes, but we can also give professional advice without the bias.

You’ve probably talked to insurance sale people before. They are pushy, and they try and sell expensive plans with a bunch of coverage you don’t need. Who wants to go through all of this?

Skip the irksome sales pitches and give our independent agents a call. We have your best interests at heart. Ready to get your life insurance search started? Call our agents.

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About Jeff Root

is the owner of He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

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