Inexpensive Life Insurance for 49 Year Olds

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Life Insurance Quotes for 49 Year OldLife insurance for 40 year olds is typically not all that much more expensive than it would be if you were still in your 30s. Obviously the rates go up as you get older, although most people in their 40s are surprised to find out just how cheap term life insurance can really be.

Click here to access a free instant quote from the top rated life insurance carriers.

We always encourage anyone who asks us, to first run a free life insurance quote through our tool on our website to see just how inexpensive taking out a life insurance policy can be. We also have some reviews available such as our State Farm Life Insurance Review to help you make the best decision for you and your family.

One of the most common reasons that people in their 40s don’t buy life insurance is because they assume that they can’t afford the protection. In most cases, that couldn’t be further from the truth. Regardless of your age, it’s possible to get affordable life insurance protection.

This article is going to look at the different factors of life insurance coverage and ways that you can save money on your life insurance coverage. We know that shopping for life insurance is not a fun task, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best rates possible.

Life insurance is one of the best investments that you’ll ever make for the future of your loved ones. It’s the best way to ensure that your family members will have the money that they need, even if something tragic were to happen to you.

Cheap Term Life Insurance Quotes for 49 Year Olds

If you need a place to start, we suggest you take a look at the table of sample rates below. Please keep in mind that these rates are just samples and should be used as a guideline only. This is because insurance rates fluctuate daily, so to get the most accurate, up-to-date rates, please use a free tool like the quote calculator 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 49 year old male “Preferred” health class (minor or no health issues), monthly rates:

                              $50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $13         $15            $28          $51            $93
15 year term               $15         $20            $37          $69            $130
20 year term               $18         $25            $47          $88            $169

Term life insurance for a 49 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               $17         $21           $42           $78           $105
15 year term               $21         $27           $57           $108         $202
20 year term               $25         $35           $73           $140         $267

Term life insurance for a 49 year old female “Preferred” health class (minor or no health issues), monthly rates:

                              $50,000  $100,000  $250,000  $500,000  $1,000,000
10 year term               $11         $13           $24            $42            $76
15 year term               $13         $15           $29            $51            $97
20 year term               $15         $19           $37            $65            $122

Term life insurance for a 49 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         $16           $30           $54            $101
15 year term               $17         $21           $45           $83            $152
20 year term               $20         $26           $57           $105          $199

How to Save Money on Your Life Insurance

If all you’re looking to do is find the cheapest term life insurance available, then make sure you are working with an independent life insurance agency who can give you access to all of the top rated life insurance companies. They can help you do an evaluation and compare all of the quotes side-by-side. If you’re in perfect health, our online quote tool will help you find accurate and up-to-date rates, and these are the same rates we would give you if you were to call us. All you need to do is pick the one that is cheapest.

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 history. We will then use the information you provided and will contact all of the life insurance companies, so see how each company views your health history. From there, the insurance companies will offer their best quotes to us. We gather the top quotes and provide them to you, free of charge. 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 you are in search of quotes for diabetics; 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.

Choosing the Best Life Insurance Policy at Age 49

The first thing you need to ask yourself is what you’ll be using this policy for. Is it just to replace your income for your spouse? Or is it the cover any mortgages and outstanding debts that you may still have? Or are you trying to cover your children’s college expenses? Your answers to these questions will help you figure out just what type of coverage you’ll 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 though, it is not about breaking their budget but about covering themselves for their loved ones. We understand that. We always suggest that having some coverage is better than no coverage at all, so try to find something within your budget that will help your family out.

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.

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.

Every type of life insurance plan is different, and all of them are going to have different advantages and disadvantages that you will need to consider to ensure that you’re getting the best plan possible.

Getting Cheaper Life Insurance

There are several ways that you can lower your insurance rates. Making a few simple changes before you apply for life insurance coverage can save you thousands of dollars.

The first thing that you should do is cut out any tobacco. If you’re a smoker or you use chewing tobacco, then you’re going to pay a lot more for your life insurance. In fact, you’ll pay twice as much for your protection versus what you would pay if you didn’t use tobacco. Kicking that habit will save you hundreds or even thousands of dollars every year.

Another way to save money is to improve your health. Before the insurance company approves your application for coverage, they are going to require that you take a medical exam. If you want to save money, then you need to get better results, it’s as simple as that. The two best ways to do that are to start going to the gym and making healthy diet choices. Both of these will help you lose weight and save money on your life insurance plan.

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.

One of the best ways to ensure that you’re getting the best rates possible is to compare dozens and dozens of quotes before you decide which one is best for you. Every insurance company is different, and you’ll get drastically different rates depending on which company that you contact and their medical underwriting.

Instead of wasting your valuable time calling all of those companies yourself, let one of our independent insurance brokers do all of that hard work for you. Unlike a traditional insurance agent, we work with dozens and dozens of highly rated companies across the nation.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be stuck with all of your debts and other final expenses. Losing a loved one is never easy, but being stranded with a 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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Robin Gilchrist

I am a 49 year old woman with high blood pressure in need of insurance, and was wondering if I qualify?

August 24, 2015 at 11:27 am
    Jeff Root

    Hi Robin,

    It depends on your blood pressure readings, but even with very high blood pressure we have options. Please give us a call so we can gather some details of your blood pressure and provide you with the company that will give you the lowest rates.

    November 16, 2015 at 1:43 pm
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