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Best Life Insurance for a 35, 36, 37, 38, 39 Year Old

Best Life Insurance for a 35, 36, 37, 38, 39 Year Old

Find the lowest rates for a 35-39 year old

With over 900 + life insurance companies in the market competing for your business, choosing the best policy can be overwhelming.  Couple that with the confusing life insurance terminology it can make many shoppers just want to throw up their hands and not do anything at all.  This post will break everything down for you, from the difference between term vs. whole life, how much coverage you should have, and how to find the lowest rates-all very quickly.

Term vs. Whole life insurance

Deciding on which type of policy you need is very important.  Far too often buyers are persuaded into buying a whole life policy by an overzealous agent looking to score a large commission, when in fact a term life policy would have been a much better option.

Term life insurance lasts for a designated period of time.  The term period for most companies range from 10, 15, 20, and 30 years and the rates do not change during this time.  Also, there is no penalty for cancelling the policy early. The best term for someone in their 30’s is usually a 20 or 30 year.

Whole life insurance is a policy that remains in effect for the policy holder’s entire life. Generally speaking, the policy will remain active as long as the owner continues to pay the policy premiums.

Since term life insurance offers the greatest amount of coverage at the lowest price, (about half the price of whole life insurance) term insurance is usually the best choice for most families, especially younger families in their 20’s, 30’s and 40’s.

How much coverage do you need?

As a general rule of thumb many financial advisors recommend 7 to 10 times your annual income in life insurance coverage.  This is just a general rule as everyone’s situation is different.  To be even more precise, it is advisable that you or your agent conduct needs analysis.

Example Quotes for a 35-39 year old for $500k of coverage

 

Term life insurance rate quotes for a 35 Year Old

Non-smoker, excellent health-preferred plus rating class:

Male: $500,000 20-Year Level Term with SBLI $23 month

Female: $500,000 20-Year Level Term with Protective $21 month

Male: $500,000 30-Year Level Term with SBLI $38 month

Female: $500,000 30-Year Level Term with SBLI $32 month

Term life insurance rate quotes for a 36 Year Old

Non-smoker, excellent health-preferred plus rating class:

Male: $500,000 20-Year Level Term with SBLI $24 month

Female: $500,000 20-Year Level Term with SBLI $21 month

Male: $500,000 30-Year Level Term with SBLI $41 month

Female: $500,000 30-Year Level Term with SBLI $34 month

Term life insurance rate quotes for a 37 Year Old

Non-smoker, excellent health-preferred plus rating class:

Male: $500,000 20-Year Level Term with SBLI $24 month

Female: $500,000 20-Year Level Term with SBLI $22 month

Male: $500,000 30-Year Level Term with SBLI $43 month

Female: $500,000 30-Year Level Term with SBLI $36 month

Term life insurance rate quotes for a 38 Year Old

Non-smoker, excellent health-preferred plus rating class:

Male: $500,000 20-Year Level Term with SBLI $26 month

Female: $500,000 20-Year Level Term with SBLI $24 month

Male: $500,000 30-Year Level Term with SBLI $46 month

Female: $500,000 30-Year Level Term with SBLI $37 month

Term life insurance rate quotes for a 39 Year Old

Non-smoker, excellent health-preferred plus rating class:

Male: $500,000 20-Year Level Term with SBLI $28 month

Female: $500,000 20-Year Level Term with SBLI $25 month

Male: $500,000 30-Year Level Term with SBLI $50 month

Female: $500,000 30-Year Level Term with SBLI $40 month

 

Life insurance is still inexpensive in your 30’s

Life insurance is best to get when you are young and healthy.  As you can see the rates are very inexpensive for someone in their mid to late 30’s.  See what rates you qualify for.  Simply enter your zip code and compare!

 

 

*Rates as of 4/21/2013 for nearest age. The information in this post is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.

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