Inexpensive Life Insurance for 42 Year Olds

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Life Insurance Quotes for 42 Year Old

Life insurance coverage is one of the most important purchases that you’ll ever make for your family. The insurance protection is one of the few ways that you can ensure that your family has the money that they need, regardless of what happens to you.

When you’re shopping for life insurance, the company is going to review dozens of different factors to determine how much they are going to charge you every month. One of the biggest factors that they are going to look at is your age. The older that you are, the more that you’re going to pay every month for your insurance coverage. Just because you’re in your 40s, doesn’t meant that your life insurance plan has to break your bank every month.

Life insurance once you are in your 40s actually doesn’t work out to be all that 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 shocked to see just how cheap they can take out a term life insurance policy for.

We always encourage anyone who asks us, to first run a free life insurance quote through our tool on the right hand side of our website to see just how inexpensive taking out a life insurance policy can be.

This article is going to look at the different options for life insurance protection and ways that you can get lower insurance premiums. If this post doesn’t answer all of your questions, please contact one of our agents and we would be happy to answer them.

Cheap Term Life Insurance Quotes for 42 Year Olds

In order to get you started, we have prepared this table full of sample rates for you to go through. Please keep in mind that these rates are only samples and while they are fairly accurate, they cannot be relied upon fully. This is because life insurance rates fluctuate daily, so to find out your accurate rate, please refer again to our free online quote tool.

The rates listed below are for NON-SMOKERS. If you are a smoker, the rates will generally be double the rates seen below.

Term life insurance for a 42 year old male “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           $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

How to Save Money on Your Life Insurance

If your main goal is to take out the cheapest life insurance policy possible, then you will need to make sure you are working with an independent life insurance agency who can access all of the top rated life insurance companies in your area. This agent will help you compare these policies side-by-side so that you can select the one which is best for you. If you are in good health, then our online quote tool will give you up-to-date and accurate rates, which are the same ones that we will use to quote you. All you need to do is pick the least expensive option.

On the other hand, if you have a complicated medical history or any sort of pre-existing medical condition, we will first need to qualify your health before being able to research options for you. This is because every insurance company has a different way of pricing certain 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 help guide you in your search.

One easy way to save money is to cut out any tobacco that you currently use. If you’re a smoker, then you can expect to pay much higher premiums for your insurance coverage versus what you would pay for the same plan if you didn’t smoke. In fact, smokers are going to pay around twice as much for their insurance coverage. If you want to save money, it’s time to quit the bad habits once and for all.

As we mentioned, the best way to save money on your life insurance coverage is to compare dozens of plans before you decide which plan is best for you. Instead of wasting hours and hours to do that, let one of our independent insurance agents do all of that hard work for you. Since it is what we do every day, we have become experts at our jobs and we always get our clients the lowest rate possible. 

Choosing the Best Life Insurance Policy at Age 42

Start out by asking yourself what the purpose of your coverage is. Will you need to replace your income for your spouse’s benefit? Or do you need to cover your kid’s college expenses? What about mortgage protection or covering any outstanding debts or loans? Your answers to these questions should help you figure out what kind of coverage you need.

The next thing to think about is 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? If you’re trying to cover the college expenses for your kids, then figure out how long it will be until they are out of college. Just like above, use the answers to these questions to figure out what type of term length you will need.

For most of our customers, it isn’t about breaking their budgets but about getting the plan that will protect their families. If you’re on a tight budget, we still maintain the fact that having some coverage is always better than no coverage. Just try to find something within your budget that you can pay comfortably.

Consider Guaranteed Universal Life Insurance

If what you need is a life insurance policy that won’t expire, then consider guaranteed universal life insurance. This policy is a good choice for people in their 40s that are simply looking for a cheap amount of life insurance that will last them forever. This type of policy is also referred to as term for life, because it is a permanent life insurance policy that will maintain level premiums for the rest of your life. You can compare these policies on our website too.

Most 42 year olds end up taking out a combination of guaranteed universal life insurance and term coverage. They will buy the majority of their coverage in term life insurance as well as a smaller amount of permanent coverage still has to fall back on when the term life insurance expires.

Bottom Line

Remember to always work with an independent life insurance agency who is capable of exploring all your options. We know that there was a lot of information here to take in all at once, so please do not hesitate to contact us if you have any questions whatsoever. Also please remember to make use of our online quote calculator to help you get an idea of just how much life insurance will cost you.

You never know what life’s going to throw at you tomorrow, which means that you shouldn’t wait another day to get the insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance protection, your family would be responsible for all of those debts and other final expenses. Losing someone that you love is never going to be easy, but being stranded with a massive mountain of debt is going to make the whole situation that much worse.

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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