Obtaining life insurance in your 40s is still very affordable, and is a highly recommended time to start shopping for a policy. In our archives we have many articles and extensive reading which is relevant for anyone in their 40s who is looking for a life insurance policy.
We suggest visiting the page that corresponds to your age:
Life Insurance for 40 Year Olds – You’re not in your 30’s anymore! A peak into sample quotes and what to expect when searching for life insurance at age 40.
Life Insurance for 41 Year Olds – This article has sample rate charts and shows you how to get the best rates at age 41.
Life Insurance for 42 Year Olds – Learn how to secure the best life insurance rates at age 42.
Life Insurance for 43 Year Olds – Read how to secure the lowest life insurance available when you’re 43 years old.
Life Insurance for 44 Year Olds – You have a lot of options when securing life insurance at age 44. We discuss them in this article.
Life Insurance for 45 Year Olds Secure life insurance at age 45 with these money saving tips.
Life Insurance for 46 Year Olds You’re getting closer to the big “5-0”. Get life insurance while it’s still inexpensive.
Life Insurance for 47 Year Olds The older you get, the more expensive life insurance becomes. Find out how to secure the cheapest life insurance rates on the market.
Life Insurance for 48 Year Olds Life insurance rates are still affordable at 48 years old. Here’s some sample rates and advice to help with your decision.
Life Insurance for 49 Year Olds You’re almost 50! Don’t worry, rates won’t go up significantly when you hit 50, but it is much cheaper to buy now than if you wait a year.
Life Insurance Over 40
Many people believe that once they reach the age of 40, life insurance premiums are so high that they’ll never be able to obtain an affordable policy. In fact, quite the opposite is true, and life insurance coverage for people in their 40s is surprisingly inexpensive. One of our biggest pieces of advice that we give to everyone looking for life insurance, is to get insured as soon as possible. The sooner you become a policyholder, the cheaper your policy will be. Even a few years time can make a huge difference.
The biggest thing to remember is, the older you are, the more expensive you will be to insure. Life insurance for older people costs more, since they won’t be paying their monthly premiums for as long before death. This means the earlier you get insured, the better. Not only will you be covered in the event of an accident much sooner, but your premiums will be so much lower. This allows you to keep more cash in your bank account every month.
We often get asked by people in their 40s how much it will cost to insure them, but there’s really no good way to answer that question. There is no system that says life insurance for a 41 year-old costs a certain amount less than it does for a 43 year-old.
Instead, each insurance company will want you to undergo a medical exam and an underwriting process before you can be provided with a quote. You will be asked many questions about your health which you will need to answer and address honestly. While your age does affect your life insurance premium, the bigger factors have to do with your health.
The underwriters will be very interested in any health complications you’ve had in the past and which ones you are still experiencing now. There is no use trying to cover up any of these, as most of them will present themselves naturally during your physical exam. That said, there are ways of answering their questions truthfully, that won’t cause your rates to go up.
Since being in your 40s is in no way a “condition”, there is no special set of rules for 40 year olds for answering the underwriters questions. The more important thing to pay attention to is any medical complications you’ve had in the past. Most people don’t know how to answer the underwriter’s questions about their own conditions in a proper way. That is why before you apply for term life insurance benefits, we recommend you get in touch with one of our agents. We can help to walk you through the process of answering the underwriters questions in a way that will still allow you to obtain affordable rates. We will act as the underwriters and guide you through the questions, before shopping your rates around to many different companies. Once we’ve found you the best policies available, we will help you pick through them all individually.
Doing things this way not only saves you time, but saves you money as well. You don’t need to call up all the different companies, and you still can get your insurance for cheaper than if you were to apply on your own.
Before you do anything else though, have a look through our archives below for obtaining life insurance in your 40s.