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Term Life Insurance Rates for 45 Year Olds | Rates Are Affortable

Term Life Insurance Rates for 45 Year Old

The sad truth is that most 45-year-olds will likely end up paying too much for their life insurance!

Why’s that? Every life insurance company in the country has their own set of underwriting criteria and ways they evaluate risk.  One company may look more favorably at your build, medications that you may be taking or family history than another company.  This means you will pay a lot less in premiums by choosing the right company.

What’s the insider tip for finding the lowest rate?

It’s simple, the only way to save money on life insurance is to shop around and compare rates — make the life insurance companies compete for your business.  DO NOT just settle for the first quote you receive.  Even if you like the agent, continue to SHOP & COMPARE rates.  The difference in premiums can be startling, especially when you amortize the savings over the life of the term.  This savings could be put to better use to pay off bills or save for your retirement.   To save you the time and aggravation of calling the different insurance companies, I put a quote engine on this page that will do the shopping for you.

 Sample monthly term life insurance premiums for a 45-year-old male, price range from great to average health.  

 

$250,000 Coverage-Level Term Policy

               Preferred Plus Rate     Standard Rate

10-year term  $17.62                         $30.67

15-year term   $22.84                        $40.46

20-year term   $28.93                        $53.72

30-year term   $44.81                        $91.57

 

$500,000 Coverage-Level Term Policy

                 Preferred Plus Rate      Standard Rate

10-year term   $30.02                       $56.12

15-year term   $40.46                       $75.69

20-year term   $52.64                       $105.21

30-year term   $84.39                       $178.50

 

$750,000 Coverage-Level Term Policy

                 Preferred Plus Rate     Standard Rate

10-year term  $42.41                      $81.56

15-year term  $58.07                      $110.93

20-year term  $76.34                      $154.94

30-year term  $123.98                    $264.91

 

$1,000,000 Coverage-Level Term Policy

                 Preferred Plus Rate     Standard Rate

10-year-term  $50.46                      $106.14

15-year-term  $73.95                      $141.81

20-year-term   $99.18                     $192.27

30-year-term   $161.82                    $335.56

Find your rate coverage

Use the quoting software here to compare rates to see what you may qualify for.  Feel free to run as many quotes until you find a policy you’re comfortable with, one that will be enough coverage to protect your family as well as fit in your budget. 

*Rates as of 02/07/2013. 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.

Photo: Wonderlane