Least Expensive Life Insurance for 44 Year Olds

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A lot of people believe that once they get to their 40s, that life insurance will be too expensive for them. This is not the case at all however, and most people are surprised to find out that life insurance is not much more expensive than it would be if they took it out in their 30s. Of course life insurance does cost more as each year passes, but many people are surprised to find out just how cheap it can be once they get their 40s.

One thing that we always suggest people to do though, is to use a free tool like the quote calculator we feature on our website to figure out just how much life insurance should cost.  Click here to access the quote calculator.

Cheap Term Life Insurance Quotes for 44 Year Olds

If you need a good place to begin, we have created this table of sample quotes for your convenience. Keep in mind that the rates below are just samples and should be used as guidelines only. This is because life insurance rates fluctuate daily so to get the most accurate, up-to-date rate, please use the free tool like the one we feature on our website.

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 44 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              $10          $12            $20            $34             $60
15 year term              $12          $14            $24            $43             $79
20 year term              $13          $18            $32            $58             $106

Term life insurance for a 44 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         $15           $29           $51             $94
15 year term               $15         $20           $38           $70             $131
20 year term               $18         $24           $49           $96             $176

Term life insurance for a 44 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           $18           $30            $49
15 year term               $10         $12           $21           $37            $66
20 year term               $12         $14           $26           $45            $83

Term life insurance for a 44 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           $22            $38              $70
15 year term               $14         $16           $30            $54              $102
20 year term               $15         $19           $38            $71              $131

How to Save Money on Your Life Insurance

If all you’re looking to do is to secure the cheapest plan possible, then you should get in contact with an independent life insurance agency, who will be able to find you the best rates from all the top-rated companies in your area. They can even help you understand the quotes better by sitting down with you and helping you compare them side-by-side. If you’re in good health though, you should start by using the free quote calculator to figure out just how much life insurance should cost for you. These quotes are up-to-date and accurate so they can surely be trusted.

If you have any atypical medical conditions or a complicated medical history though, then you will need to go through a short phone interview with one of our agents who will ask you a few questions about your health. We will then use the information to contact all of the life insurance companies that will offer you a good rate. This is a process that could easily take you several days on your own because it requires contacting each company individually. Perhaps you are overweight and needing life insurance or want to know what high risk insurance is; if so, we can help.

Since we do this every day, we have truly become experts in this field and we always get our customers the lowest rate possible.

May the BEST quote win!

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Choosing the Best Life Insurance Policy at Age 44

The first thing you need to do is ask yourself why you are taking out coverage in the first place. Will be to replace your income for your spouse’s benefit? Or is it to cover college expenses for your children in the future? Or what about covering a mortgage or any other debts you may still have? Your answers these questions will help you figure out what amount of coverage you need.

Then it is time to think about term length. The amount of length you need for your coverage will depend also on what the coverage is for. If it is to supplement your income then you will only need coverage until the point when you retire. If it is to cover any debts then it will need to extend until you feel those debts will be paid off. Also if it is for your children’s college expenses, then you will need to figure out how long you expect them to be in college for and how much their tuition will cost. Again, all these answers will help you predict the appropriate term life.

For most people it isn’t about spending a lot of money but about simply getting protection for their family. We always say that some coverage is better than no coverage, so just try to find a plan that is affordable and that you can pay comfortably.

Consider Guaranteed Universal Life Insurance

Some people simply need a life insurance policy that doesn’t expire, and those people should consider guaranteed universal life insurance. This type of policy is very common for people in their 40s who are just looking for the cheapest amount of life insurance that will last forever. The type of policies are also referred to as term for life because it is a permanent life insurance policy that keeps level premiums for the rest of your life. You can also compare these policies on our website.

Many people in their 40s will decide to take out a combination of guaranteed universal life and term coverage. They will take out the majority of their coverage in term life insurance and then add on a smaller amount in permanent coverage so they will always have something to fall back on once the term life insurance expires.

Bottom Line

Remember that the most important thing about getting life insurance cheaply, is to use the services of a recommended independent life insurance agency.

We know that there was a lot of information here to take it all at once, so if you have any questions whatsoever please do not hesitate to contact us, we are happy to help. Also don’t forget to make use of the free quote calculator featured on our website if you have any questions about how much life insurance should cost.

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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