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Inexpensive Life Insurance for 40 Year Olds

Inexpensive Life Insurance for 40 Year Olds

Low cost life insurance for 40 year olds

Finding inexpensive life insurance for 40 year olds

Seeking inexpensive life insurance for 40 year olds?

Not a problem because we can show you just how affordable life insurance can be for someone in your age group.

Check out the sample term life insurance rates we have provided below and let us help you find an inexpensive life insurance policy.

Sample Rates for Inexpensive Life Insurance For 40 Year Olds

The rates shown below are for “Term Life Insurance”.  You buy a term policy in periods of time or a term such as 10 years, 20 years, or 30 years.  You can also get policies for age specific terms such as to age 65, for example.

Once you’ve chosen the length of time or term for which you need life insurance coverage, all you have to do next is select the amount of death benefit to provide the financial umbrella your family needs.

When you’re evaluating your needs, don’t forget to consider the cost of inflation and that your financial needs may become greater as you progress in your career.

Term life Insurance for 40 Year Old Male rated as “Preferred  Non Tobacco” health class which means only minor health issues.

Monthly Rates for Term Life Insurance – Male

$100,000 $250,000 $500,000 $1,000,000
10 Year Term $9.30 $14.92 $24.71 $40.89
20 year Term $13.23 $22.76 $39.19 $72.82
30 Year Term $20.91 $37.83 $67.09 $126.06

Term Life Insurance for 40 Year Old Female rated as “Preferred Non Tobacco” health class rating which means only minor health issues

Monthly Rates for Term Life Insurance – Female

$100,000 $250,000 $500,000 $1,000,000
10 Year Term $9.13 $13.43 $2.31 $35.35
20 year Term $11.61 $19.83 $34.08 $62.61
30 Year Term $17.06 $30.19 $53.93 $98.35

(Life Insurance Calculator) – If you wish to research your own quotes and compare life insurance for 40 year olds then try our handy to use life insurance calculator which can be found to the right.

Term Life Insurance Tips for 40 Year Olds

Renewable Term – Consider a renewable term policy if you’re buying a shorter term such as a 10 year term policy which can be automatically renewed without a medical exam.  If your health declines such as if you develop diabetes, heart disease or other physical impairments, you might not be able to afford a new policy or you could become uninsurable

Conversion Feature Many term policies are convertible to permanent insurance policies.  You can do so without having to take medical exam.  Every policy has their own specific conversion dates and rules so keep that in mind.

Return of Premium Rider (ROP) – Many insurers offer a ROP rider that allows you to be reimbursed for all the money you spent on your term policy, should you still be alive when the policy expires.  The premium will be higher than without the ROP rider, but the policy can act as a savings account and you can receive a large refund at the end of the term.

Permanent Insurance for 40 Year Olds

A term policy might not be the best solution for your particular financial situation.  That’s okay because you should always get your insurance needs reviewed on a periodic basis.

There are insurance policies known as permanent insurance policies such as Universal Life, Indexed Universal Life, or Whole Life that can address your particular needs or concerns such as if you’re a high income earner or have an estate.

Permanent life insurance policies can be a more proactive means of protecting your money, and especially your savings from taxes for example, and from unstable market conditions. This type of policy is also an excellent approach in supplementing or improving your 401(k).

No Exam Life Insurance for 40 Year Olds

If you are in a hurry to get a policy, hate needles or want the convenience of getting a life insurance policy quickly then consider a No Exam Life Insurance policy. You don’t have to bother with having to take a medical exam and can get a policy approved in a as quickly as 2 days or as fast as 15 minutes. This might be a good option especially if you have health issues.

Finding Inexpensive Life Insurance for 40 Year Olds

At Abrams Insurance Solutions, we have access to numerous life insurance companies so we perform the comparison shopping for you saving you time, money and frustration.  Our experienced agents can help you at age 40 if you have health related issues and can find the right policy at an affordable price.

Phone us at 858-703-6178 and get your life insurance application process started right now.



Chris Abrams

Mr. Abrams and his team have helped 1,000's of people get approved for insurance in all 50 states. Our mission is to save you time and money on your insurance purchase. You can learn more about who we are and read our client reviews. Feel free to send Chris a message here.

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