If you’re shopping for inexpensive term life insurance for 52 year olds, we started the research for you. For instant quotes simply complete the form on your left (or at the top of your mobile or tablet).
We gathered some sample rates to start off your research. These are the average rates for 10 to 20 of the best companies we work with. Your rates may vary. Some might be more, others less. Look for the tables about halfway down the page. After the average rate tables, we added information on permanent life insurance options as well as getting coverage without a medical exam.
Use the links below to jump to a particular section:
- Steps to saving money
- Term life rates
- Permanent life insurance
- No exam policies
- Affordable options
- Advantages of independent agents
- How Abrams can help
Steps to Saving Money on Term Life Insurance for 52 Year Olds
The first way to save money is to know exactly how much life insurance you need. That way you won’t end up paying more for extra coverage. Once you know what you need, you can ask the right questions to make sure that you are comparing like policies.
If you want to know of how much life insurance you need, please use our Life Insurance Needs Calculator. This will help you determine the right amount for your individual situation. As a result, you’ll know exactly how much you need so you won’t be tempted to get too much or too little.
It’s too easy to compare apples to oranges when first looking for term life insurance for 52 year olds. So first make sure you know what you need. For example, you might end up comparing a much more expensive permanent life insurance policy to a term policy. Or comparing policies with a Return of Premium rider against those that don’t have it. Learn what you need first. That way you know you will be comparing apples to apples.
Shopping the Market
The second important step (like most buying practices) is to shop the market. You know what you need. Now you need to find the best price.
Luckily, in the insurance industry (even though there are over 850 life insurance companies in the United States alone) each company keeps its rate the same across all agents. Meaning if you go to Sally’s Insurance next to your favorite coffee shop, the rates on Policy X will be the same as Bob’s Insurance downtown.
From here you have a choice. You can call and give your information to several captive agents who will show you different products from a single company. Or you can use an independent agent who can show you rates from hundreds of companies. Although looking at hundreds of policies can get mind numbing fast.
At Abram’s Insurance Solutions, our representatives will shop our 70 A+ rated insurance companies and pick the best 3 to show you. This means saving you time as well as money.
Term Life Insurance for 52 Year Olds
The following quotes are non-smoker rates. They reflect a variety of common terms and amounts that you may be looking for.
Term life Insurance for 52 Year Olds rated as “Preferred –Non Tobacco” (A health class which means only minor health issues)
Monthly Rates for Term Life Insurance – Male
|10 Year Term||$19.25||$36.31||$66.45||$117.81|
|20 year Term||$32.19||$60.59||$114.40||$218.50|
|30 Year Term||$57.33||107.84||$206.06||$409.30|
Term Life Insurance for 52 Year Olds rated as “Preferred-Non Tobacco” (A health class rating which means minor health issues)
Monthly Rates for Term Life Insurance – Female
|10 Year Term||$16.36||$29.20||$52.00||$94.60|
|20 year Term||$23.64||$45.28||$83.35||$156.90|
|30 Year Term||$42.00||$78.09||$148.97||$271.47|
To compare rates from the nation’s leading life insurance companies, please use the Instant Life Insurance Quote form to the left. You can also compare these rates to sample rates for 53-year-olds and 54-year-olds to see how they increase each year.
Prefer to act now? We’re here to answer questions and guide you through the entire life insurance process. Contact one of our insurance professionals now.
Permanent Life Insurance Policies for 52 Year Olds
You may discover that term life insurance for 52 year olds isn’t the best coverage for your situation. You have an alternate option called permanent life insurance.
Permanent life insurance policies come in a varied number of types and hybrid packages which vary widely from company to company. A few examples of permanent insurance products include Universal Life, Indexed Universal Life, as well as Whole Life.
Permanent insurance will last for your entire lifespan. Meaning you don’t need to remember to renew it. It consists of two components. One that is the death benefit like term insurance. The second is an additional benefit of having cash accumulation which grows as long as the policy is active.
This form of insurance has several other additional advantages in addition to policy options and the cash accumulation feature. It provides you with added protection during a market downturn. You can also use it to supplement or improve your 401(k).
Contact an independent agent to learn more about these types of permanent life insurance policies.
No Medical Exam Life Insurance for 52 Year Olds
People with health issues or those wanting the convenience of a policy in place in the next day or two can consider a No Medical Exam Life Insurance policy. These policies are available through many insurance companies. You don’t have to take a medical exam, and you can also receive approval in just a couple of days. It’s a good option for people who dislike needles and need coverage quickly.
There is one company which will offer up to $500,000 in coverage to people under 60 without a medical exam. Surprisingly, this company does not have dramatically higher rates. Their rates are comparable to a policy with an exam and you should be in average health or better to qualify.
If you have serious health issues, we also have guaranteed issue life insurance. This type of policy has no health questions so almost anyone can qualify. Contact us with the details of your situation and we will guide you to the best and least expensive policy for your situation.
- There are a variety of options for term life insurance for 52 year olds available that might be more affordable. You may be eligible through your work to get covered with group insurance. As a rule, these don’t typically require a medical exam or answer medical questions about your health. We would be happy to take a look at any group plan and walk you through the differences between it and the protection an individual plan offers.
- You might have more serious health issues and are concerned about being declined or rated up. There are many benefits to non-medical exam insurance if you have health issues. So keep in mind there are different types of non-medical exam policies and some are much more expensive than others.
- Going directly through a particular life insurance company does not ensure the best price. Nor does it ensure the best coverage for your individual needs. In addition, the insurance company could decline your application because of a health issue which someone else might cover.
These are just a couple examples of why you should use an independent agent, like us here at Abrams Insurance Solutions. We can discuss your situation with you and then offer the best solution for your needs.
Independent agents have access to dozens of the best and most affordable insurers. They can also find an insurance solution for your unique needs that will fit within your budget.
Why 52 Year Olds Should Use An Independent Life Insurance Agent
To find the best rates, you might be tempted either to try it on your own online or go directly to a particular insurance company. That’s an easy choice nowadays for permanent and term life insurance for 52 year olds as the technology is getting better with each passing year.
This might not be the best option for several reasons, especially if you have health issues. If you try the online route, you might be given a quote for a product that is not quite right for your needs. Or it could be through a company that is not rated as highly as others. As a result, you might end up with poor coverage or a policy that costs more than you need to pay.
Not all life insurance companies are the same, and some are more financially sound than others. Some companies are more liberal when it comes to age, height and weight. While others are more lenient when it comes to particular health issue.
Your Abrams Insurance independent agent will gladly provide a list of A+ rated insurance carriers.
How Abrams Insurance Finds Inexpensive Term Life Insurance for 52 Year Olds
Whether you are in good health or have a health issue, always talk to an independent agent. An independent agent can advise you best in finding the right policy for your particular and unique situation. The independent agents at Abrams Insurance can answer all your insurance questions and provide helpful advice and affordable rates.
With access to over 70 of the best life insurance companies available, Abrams Insurance will find you affordable life insurance that meets your needs.
The bottom line is…
…we work for you. We don’t work for the insurance companies. Our goal at Abrams Insurance is to find you the best coverage that fits your needs at the lowest price possible. If this means switching insurance companies when one comes back with a rate we don’t think is fair based on our experience, we will do it. If this means extra time shopping for a guaranteed issue policy for someone with health concerns, we will do it.
Call us if you have questions, or want advice, at 858-703-6178. Start your application today with a free and confidential consultation!