Most Affordable Life Insurance for 45 Year Olds

Life Insurance Quotes for 45 Year Old

Here is one of the most common myths we hear,”life insurance is going to be too expensive because I’m 45.” This couldn’t be further than the truth though because it is not that much different in price for people in their 40s compared to people in their 30s.

How much are you going to pay for life insurance? Well, it depends.

Click here to access quality life insurance quotes from top rated carriers.

We can’t give you an exact number, but we can give you a rough idea.

Monthly rates for a term life insurance for a 45 year old male “Preferred” who doesn’t smoke:

$50,000  $100,000  $250,000   $500,000  $1,000,000
10 year term               $11          $12          $21             $37            $66
15 year term               $12          $15          $26             $47            $89
20 year term               $14          $19          $34             $63            $117

Term life insurance for a 45 year old male “Standard” health class monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $14           $16          $31           $56           $103
15 year term               $17           $20          $40           $76           $142
20 year term               $20           $25          $54           $100         $192

Term life insurance for a 45 year old female “Preferred” monthly rates:

$50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $9            $11           $19          $32             $55
15 year term               $10          $13           $23          $39             $71
20 year term               $12          $15           $27          $49             $93

Term life insurance for a 45 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               $13         $13          $24            $41              $75
15 year term               $14         $17          $33            $59              $112
20 year term               $16         $20          $41            $75              $140

Saving Money on Life Insurance

As you can see from the quotes above, life insurance in your 40’s isn’t going to take your whole paycheck every month, but you have to remember, those are only generic quotes.

There are dozens and dozens of aspects the carrier is going to take a long and hard look at.
One of those is your weight. When you apply, the company is going to look at your height versus your weight. If you’re overweight, you can expect higher rates than the numbers we listed above.

If you want to get the cheapest rates, we can help you do that. Each carrier has a different weight chart, meaning they will look at you differently. You need a company who has more relaxed weight categories and offer cheaper premiums to those who are overweight.

How do you find one of those companies? The easiest way is to use our quote tool.

Aside from comparing companies, you should do a little work before you purchase a plan. Take a couple months to get in shape. The better your health, the better the prices for your plan.

Choosing the Best Life Insurance Policy at Age 45

Think about is what you will actually be using the plan for. Will it be to cover mortgage or other debts you might still have? Other people still need to cover their children’s college expenses. Your answers will determine how much life insurance you need.

Once you figure out how much you need, you’ll need to decide how long you will need the coverage for. . If it is to cover any debts, then you’ll need a policy that will last until you feel that that debt will be paid off. If it is to cover your children’s college expenses, then you will need to figure out how long they will be in college for.

For most people, the point isn’t to go broke paying for life insurance but to get something in place to protect their families. We tell all of our clients, having some insurance is better than none.

For just about every applicant, term life insurance is the best option. It’s our most common recommendation. Why do we love term insurance so much?

Term insurance is cheaper and lets you get more life insurance per dollar. Unlike other kinds of policies, term coverage is only effective for a set length of time. You will get coverage for 20 years (or however long you buy a plan for) and then the policy is going to expire.

Bottom Line

Life insurance is important. It’s the safety net your family deserves.

The best way to get life insurance, regardless of how old you are, is to partner with an independent agency. Unlike your traditional agency which you’ve worked with in the past, independent brokers have contracts with a dozen companies and can bring you more than a single quote.

At, it’s our goal to help you find the perfect plan for you. If you’re looking for any answers or an affordable policy, just give us a call.

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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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I need a life insurance that can fix for 30 years with the option to renew. Any ideas

November 15, 2015 at 6:31 pm
    Jeff Root

    Art, give us a call at 888-430-7668. There are term policies fixed for 30 years that you can convert after your 30 years are up.

    November 16, 2015 at 12:06 pm
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