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It is commonly believed by people in their 40s that life insurance is already too expensive. It’s unfortunate they believe that though, because life insurance can actually be very affordable even if you’re already in your 40s. In fact, life insurance for people in their 40s is not all that much more expensive that is if they were to apply when they were still in their 30s.
The common financial denominators we find from speaking with people 41 years of age is that they’re making more income than they have in their life. So you’re most likely building up your cash reserves, reducing your debts, getting more serious about retirement planning and if you have children, they’re becoming a lot more expensive. With that said, we know that your life insurance rates need to low and within your budget.
The one thing we always suggest that people to do is to use a free tool like the quote calculator we have featured on our website to figure out approximately how much their life insurance will cost them. We’ll show you the lowest possible life insurance rates available.
Saving money on your life insurance at 41 years old
For people looking to get the best rates on their life insurance, they should contact an independent life insurance agency (like directlifeinsurancequotes.com!). This agency will be able to get in touch with all the top-rated life insurance companies. They can shop around for quotes and then help you go over them to make sure everything is clear. If you’re in good health though, you can simply go to our website’s quote calculator and enter in some simple information. This information will let you know approximately how much life insurance will cost you, and all you need to do is pick the cheapest option.
If you have some sort of pre-existing medical condition however, we will first have to qualify your help before we’re able to do any research on your behalf. Every life insurance company has a different way in which they judge risk, so we’ll need to contact them all individually in order to find the best rate. You could certainly do this yourself, although it is likely it will take you over a month to contact all the insurance companies available.
Since we do this every day, day in and day out we’ve become experts at negotiating with the life insurance companies. We always get our customers the absolute best rates possible.
Inexpensive term life insurance quotes for 41 year olds
Finding cheap term life insurance rates for a 41 year old male and female is pretty simple because of our instant life insurance quote tools. If you’re looking for a little something to get you started, we have included a table with some sample rates below for you to look at. Please keep in mind though that this table features only sample rates and can only be used as a guideline. The rates do fluctuate on a daily basis to get the most accurate and up-to-date rates you should be using a tool like the one we feature on our website.
The rates listed below are for non-smokers. If you smoke and you can expect your rates to double.
Term life insurance for a 41 year old male “Preferred” health class (minor or no health issues), monthly rates:
| $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 | |
| 10 year term | $10 | $11 | $17 | $27 | $45 |
| 15 year term | $12 | $12 | $19 | $33 | $59 |
| 20 year term | $12 | $15 | $25 | $44 | $79 |
Term Life Insurance for a 41 year old male “Standard” Health Class (controlled health issues), monthly rates:
| $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 | |
| 10 year term | $13 | $13 | $23 | $41 | $72 |
| 15 year term | $14 | $17 | $29 | $53 | $98 |
| 20 year term | $16 | $18 | $39 | $68 | $128 |
Term life insurance for a 41 year old female “Preferred” Health Class (no of minor health issues), monthly rates:
| $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 | |
| 10 year term | $10 | $10 | $15 | $23 | $39 |
| 15 year term | $10 | $11 | $18 | $29 | $51 |
| 20 year term | $11 | $13 | $22 | $37 | $64 |
Term life insurance for a 41 year old female “Standard” Health Class (no or minor health issues):
| $50,000 | $100,000 | $250,000 | $500,000 | $1,000,000 | |
| 10 year term | $12 | $12 | $21 | $34 | $61 |
| 15 year term | $13 | $15 | $27 | $46 | $85 |
| 20 year term | $14 | $17 | $33 | $59 | $105 |
Selecting the best life insurance policy at age 41
Start by asking yourself what you’ll be using life insurance policy for. Common things people take out life insurance policies for are to supplement their income until they retire, for their spouse’s benefit if they are to pass away, or to pay for their children’s college also if they pass away. Think about what you will be using your life insurance policy for an then choose a plan that will last until point where the money may not be needed anymore.
We always tell people that the point of life insurance is not to go broke by paying for it but to cover yourself in case of an emergency. If you think you’re going to have trouble affording life insurance, then we recommend checking out a plan with a lower premium. It is always better to have some life insurance in place than no life insurance at all.
Others simply need a life insurance policy that won’t expire, like a guaranteed universal life insurance policy. This is a great option for people in their 40s who are looking for the cheapest amount of insurance that will last forever.
In our experience most people in their 40s and up taking out a combination of guaranteed universal life insurance and term coverage. They buy the majority of their coverage in the form of term life insurance and then tack on a smaller amount of permanent coverage they will always have something to fall back on.
Bottom line
Remember to always work with an independent life insurance agency to ensure you get the best rates. If you have any questions about anything at all, please do not hesitate to contact us. Also make sure to utilize our free quote calculator to determine how much life insurance might cost you.
