Most Affordable Life Insurance for 45 Year Olds

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Life Insurance Quotes for 45 Year Old

When you apply for life insurance, regardless of which company that you apply with, one of the biggest factors that they are going to review is your age. The older that you are, the more that you’re going to pay for life insurance coverage.

Many people believe that once they get to their 40s that it can become cost prohibitive to take out a term life insurance policy. 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. In fact many people in their 40s are surprised to find out just how cheap term life insurance can be.

Click here to access affordable life insurance rates.

Something we always suggest for people to do though, is to use a free tool like the quote calculator we have our website to figure out just how much life insurance should cost them. 

Cheap Term Life Insurance Quotes for 45 Year Olds

If you need a jumping off point, then we have created this table of sample rates for you to start with. Please keep in mind that these rates are just samples and should be used as a guideline only. This is because the rates fluctuate daily, so your best bet to get an up-to-date, accurate rate is to use a free tool like the one we have 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 45 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               $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 (controlled health issues), 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" health class (no or minor health issues), 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

How to Save Money on Your Life Insurance

If all you were looking to do is get yourself the cheapest life insurance possible, then you should seek out an independent Life insurance agency who can get in contact with all of the top rated life insurance companies. They can help you sit down and understand your quotes by comparing them side-by-side for you. If you’re healthy though, our online quote tool provides up-to-date and accurate rates, which are the same rates we would be quoting to you if you were to call us. All you need to do is choose the cheapest option.

If you have any pre-existing conditions however, we will first have to qualify your health before we can do any research on your behalf. Since every life insurance company has a different way of assessing risk, we will have to contact each one of them individually to find the best rate. This is something that could easily take you several days to do if you were to do it on your own. Perhaps you are overweight and needing life insurance; we can help.

We truly are experts at this because we do it day in and day out. We are proud to say that we always find our customers the best rates possible. We are a group of independent insurance agents, which means we don’t work with one single company. Instead, we work with dozens and dozens of highly rated companies across the nation, which means that we can bring all of the best plans directly to you. It’s our mission to provide you with the lowest quote available and get the protection that your family deserves.

May the BEST quote win!

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Choosing the Best Life Insurance Policy at Age 45

The first thing you need to think about is what you will actually be using the policy for. Is it simply to supplement your income for your spouse's benefit? Or will it be to cover any mortgages or other debts you might still have? Other people still need to cover their children’s college expenses. Your answers to these questions will help you figure out exactly how much coverage you need.

Once you figure out how much you need, you’ll need to decide how long you will need the coverage for. If you are trying to supplement your income then you will need a policy that will last until you retire. 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. Once again, your answers to these questions will help you figure out just what type of policy you need.

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 always say it is better to have some coverage rather than no coverage at all, so find something affordable that you can pay for.

Consider Guaranteed Universal Life Insurance

Some people out there simply need an insurance policy that won’t expire. People like that should consider going for guaranteed universal life insurance. This is a policy that is quite popular for 40-year-olds that are looking for the cheapest amount of insurance that will last them forever. It is also sometimes referred to as term for life because it is a permanent life insurance policy that will maintain level premiums for the remainder of your lifetime. You can compare these types of policies on our website too.

Many people in their 40s will end up choosing a combination of guaranteed universal life insurance as well as term coverage. They tend to buy the majority of their coverage in term life insurance and add on a smaller amount in permanent coverage so they will always have something to rely upon once their term life insurance expires.

Every type of life insurance is going to have different advantages and disadvantages that you should consider when you’re looking for protection. It’s important that you find the perfect life insurance plan possible, and our experienced agents can help you find the best plan for your family.

Bottom Line

Remember to always work with an independent life insurance agency to get the best deal possible. We know that there’s a lot of information in here to take in all at once, so if you have any questions please do not hesitate to contact us. Also remember to utilize the free tool we feature on our website for any questions you may have about life insurance costs.

The best way to ensure that you’re getting the lowest rates is to compare dozens and dozens of plans before you decide which one is best for you. Instead of wasting hours and hours calling different companies, let one of our independent agents do all of the hard work for you. We work with dozens and dozens of the best companies across the nation, which means that we can bring all of the best insurance premiums directly to you.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance coverage, then your family would be left with a mountain of debt. Losing someone that you love is never going to be easy, but being responsible for all of that debt is going to make the situation that much worse.
 

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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2 Comments

Art

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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