Inexpensive Life Insurance for 42 Year Olds

Life Insurance Quotes for 42 Year Old

Life insurance once you are in your 40s actually isn’t much more expensive than if you were to take out a life insurance plan in your 30s.

While the rates will always go up the older you get, most people in their 40s are stunned by the price of their life insurance quotes.

We get a lot of questions about life insurance rates. We tell every client the same thing, use a life insurance quote tool, like the one on our site. It’s free and easy.

Cheap Term Life Insurance Quotes for 42 Year Olds

Let’s get started. To begin, we are going to give you some basic quotes for life insurance.

These quotes are only generic rates and may not reflect the quotes you get. To find out your accurate rate, please refer again to our free online quote tool.

IMPORTANT NOTE: All of these quotes are for non-smokers. If you smoke, disregard these quotes.

Here are the monthly rates for a 42 year old man in the best health class:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $9           $10           $17           $29            $50
15 year term               $11         $12           $20           $35            $64
20 year term               $12         $15           $26           $47            $89

Term life insurance for a 42 year old male “Standard” health class (controlled health issues), monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $13          $13          $24           $43             $77
15 year term               $14          $17          $32           $58             $110
20 year term               $16          $21          $41           $76             $143

Term life insurance for a 42 year old female “Preferred” health class (no or minor health issues), monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $9           $10           $15           $25            $42
15 year term               $11         $12           $20           $35            $64
20 year term               $12         $15           $26           $47            $89

Term life insurance for a 42 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               $12         $12           $21           $35            $63
15 year term               $13         $14           $27           $47            $188
20 year term               $14         $18           $34           $61            $112

Saving Money on Life Insurance

We hope those numbers didn’t blow you out of the water. More than likely, you were surprised how cheap your plan can be. Remember, they are just generic examples though. There are a lot of variables which can raise your premiums.

If you have a complicated medical history or any sort of pre-existing medical condition, we need to figure out what kind of health you’re in before we can shop for you. This is because every insurance carrier has various pricing models for medical conditions, so we will need to shop around your information to all of them to figure out which one will be cheapest. If you are overweight and need life insurance, we can find a cheap plan for you.

One easy way to save money is to eliminate tobacco. If you’re a smoker, then you can expect to pay much higher premiums. In fact, smokers are going to pay around twice as much for their insurance coverage. It isn’t easy, but it will earn you a thousand dollars on your plan.

We told you before about the importance of looking at several companies, especially if you’re not in the best health. How many carriers should you review? As many as possible.

It can be time consuming getting these quotes. You have to call each company, answer some questions, and then get the quote. After that, they are going to call you several times a week trying to convince you to buy their plan. Doesn’t sound fun, does it?

The alternative to this is to use an independent insurance agency, like Rootfin. Give us some information and we start shopping for you. Think of us as your personal insurance shoppers with one goal: find you the lowest life insurance premiums.

Choosing the Best Life Insurance Policy at Age 42

Getting a plan for you requires several steps. The first one is to decide why you’re buying the plan. Are you buying life insurance to pay off your mortgage loan? To help replace your income? Both?

Once you decide WHY you’re buying life insurance, then you’ll know how large of a plan you need. If you’re buying a plan for mortgage needs, your plan needs to be larger than your mortgage.

Your next step is the term length. If you’re only buying coverage to protect your income then you will need a term that lasts until you retire. Or, if you’re trying to cover a mortgage or another debt, how long do you think you will still owe money for?

During this step, you need to decide if you’re going to buy a permanent plan or a term policy. Term has lower rates, but will expire. Whole life never expires, but is more expensive. You need to decide which is more important to you. Cost effectiveness or length of coverage.

More than likely, a term plan won’t break your savings account. Even if you don’t want to purchase a large policy, having SOME life insurance is better than having none at all.

 

Getting Life Insurance

All of this information should get you started on the search for life insurance coverage.

Sure, it’s a morbid purchase, but it’s vital. Without having a plan, your kids and spouse would be responsible for your debts.

At Rootfin, we’ve spent years working with every age range and and health problem out there. We’ve helped customers save thousands of dollars. If you’re still confused by your life insurance needs, please contact ASAP.

 

About Jeff Root

is the owner of rootfin.com. 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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