Best Life Insurance for 48 Year Olds

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Life Insurance Quotes for 48 Year Olds

Life insurance is one of the most important purchases that you’ll ever make for your loved ones. It’s one of the few ways that you can ensure that your family has the money that they need, regardless if something tragic were to happen to you.

When you apply for life insurance coverage, the company is going to review dozens of different factors when they are calculating how much risk that you are to get for life insurance coverage. The more risk that you are, the more that you’re going to pay for your protection.

When it comes to life insurance for people in their 40s, most people often believe that it will be quite expensive. Thankfully this is not the case, as life insurance for individuals in their 40s is often not much more expensive than life insurance for individuals in their 30s. Of course rates do go up as people get older but most people in their 40s are surprised at just how cheap term life insurance really is.

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

When people inquire about life insurance rates, we always recommend that they use free tools like the quote calculator featured on our website to help them figure out how much life insurance will cost them. We also have some reviews available such as our State Farm Life Insurance Review that could help you learn some facts before making a decision.

Cheap Term Life Insurance Quotes for 48 Year Olds

To give you a starting point, we prepared the table below that will help you get an idea of how much life insurance might cost you. Please know that these rates are samples and should be used as a guideline only. This is because the rates fluctuate daily so it is impossible to keep this table completely up-to-date. In order to get accurate and up-to-date quotes please use the free quote calculator located 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 48 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              $12          $14           $26           $47             $86
15 year term              $15          $19           $34           $63             $120
20 year term              $17          $24           $44           $82             $159

Term life insurance for a 48 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              $16          $19           $40           $73           $140
15 year term              $19          $25           $53           $100         $186
20 year term              $23          $32           $67           $129         $244

Term life insurance for a 48 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               $11         $12           $23           $40             $71
15 year term               $12         $15           $27           $49             $90
20 year term               $14         $18           $34           $62             $116

Term life insurance for a 48 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              $14          $15           $28           $50             $94
15 year term              $17          $20           $42           $77             $143
20 year term              $19          $24           $52           $97             $182

How to Save Money on Your Life Insurance

If all you’re concerned with is getting the cheapest life insurance possible, then make sure you seek out an independent life insurance agency who has access to all the top rated life insurance companies in your area. This agent can even help you compare the quotes side-by-side to figure out which one will be perfect for you. If you’re in good health, then our online quote calculator will give you up-to-date and accurate rates, which is the same rates we would give to you if you call this directly. All you need to do is pick the cheapest option. If you are concerned about health issues such as someone searching for life insurance if you’re overweight, we can answer these questions and many more.

One way that you can save thousands of dollars on your life insurance coverage is to cut out any cigarettes or chewing tobacco. If you’re a smoker, then you’re going to be facing drastically higher rates for life insurance protection. In fact, smokers are going to pay twice as much for their life insurance versus what non-smokers are going to pay for the same sized plan.

On the other hand, if you have a pre-existing medical condition or a complicated medical history then we will first need to qualify your health before doing any research on your behalf. Since every life insurance company has a different way in which they assess risk, we will need to contact each one individually to get you the best rate. If you were to do this on your own, it could easily take you several days to complete, making help from your agent invaluable. We can help you find the best life insurance company reviews that will help make your decision much easier and definitely more educated.

Since we do this every day, we have truly become experts at finding you the lowest rate, and we take pride in the fact that we always get the lowest rates for our customers.

Choosing the Best Life Insurance Policy at Age 48

The first thing you need to ask yourself is what this coverage will be for. Some people take out coverage to supplement their income for their spouse. Others will take out coverage to help their kids get through college. Also, covering for mortgages and any other outstanding debts is a common way to go about it too. Your answers to this question will help you figure out how much coverage you will need.

When it comes to term length, you’re also going to need to make a decision. If you’re taking out coverage to supplement your income then you will need the term to last until you retire. If it is to get your kids to college then you want to make sure the coverage will last until they will be out of college. On the other hand, if you are taking out coverage to cover any debts then you want it to last for as long as you predict you will still owe for. Once again, the answers these questions will help you make a decision.

For most people they aren’t trying to break the bank by paying for life insurance, but are just trying to help other families. We always maintain the fact that is better to have some coverage than no coverage, so find a plan that is affordable and you can pay for comfortably.

Consider Guaranteed Universal Life Insurance

There are also people out there who just want a policy that won’t expire, and they should consider guaranteed universal life insurance. This type of policy is a great choice for people in their 40s who are just looking for the cheapest amount of life insurance that will last indefinitely. It is also referred to as term for life as it is a permanent life insurance policy that has level premiums for the rest of your life.

Many people in their 40s end up taking out a combination of guaranteed universal life as well as term coverage. They will buy the majority of their coverage in term life insurance as well as taking out a smaller amount in permanent coverage so they always have something to fall back on.

Calculating Life Insurance Needs

Aside from getting the best plan, it’s important that you get enough life insurance protection for your family. Not having enough life insurance will leave your family will additional bills and debts that they wouldn’t have enough money to pay for. Losing someone that you love is never easy, but not having enough life insurance is going to make the whole situation that much worse. There are a few simple calculations that you should add up before you purchase life insurance protection.

The first number that you should look at is your debts and other major expenses that you would leave behind to your loved ones. If you’re like the average American, you have a mortgage loan, which would be left to your family. Make sure that your life insurance coverage is large enough for your family to pay off those debts without draining their savings account.

The next number that you should look at is your annual income. The secondary purpose of your life insurance plan is to give your family the money that they need to replace your paycheck. If you’re the main income earners in your home, and you passed away, your family would struggle to pay their basic expenses. That’s where your life insurance comes in. Make sure that your life insurance is large enough to replace your monthly income if you were to pass away.

Bottom Line

Remember that the best way to get a good deal on your life insurance is to contact an independent life insurance agency that has access to all the top-rated companies. We know that there’s a lot of information here to take in all at once, so if you have any questions whatsoever please don’t hesitate to contact us. Also don’t forget to utilize the free tool that we offer on our website if you have any questions about life insurance rates.

We know that shopping for life insurance is never a fun task, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best life insurance coverage for you and your family. Don’t wait any longer to contact us and get the process started.

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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Rodney Small

I am 48yrs old. I am interested in life insurance. I have a mortgage that I owe 80,000, and I have a 16yr old daughter that will be attending college. Which insurance is best for my situation?

November 17, 2015 at 11:46 am
    Jeff Root

    Rodney, just going off that information, I’d buy an $80,000 policy on a 10 year term. In 10 years your mortgage will be paid down enough and your daughter will be in the workforce and be able to make it if you weren’t around.

    October 16, 2016 at 9:21 pm
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