Speak with an experienced advisor! 855-869-9947If you’re 42 years old and looking for instant life insurance quotes from the nation’s top rated life insurance companies, simply complete our quote form on the side and quotes will be displayed on the next screen.
After you’ve seen the quotes displayed on the next screen. This article will detail how to save money on your life insurance, the types of policies 42 year old male and females are purchasing and sample rates.
When most people in their 40s start looking around for a life insurance policy, they believe it’ll be too expensive before they even take a good look at their options. Fortunately this couldn’t be farther from the truth and getting an affordable life insurance policy when you’re in your 40s does not have to be difficult. It is actually not that much more expensive to take out a life insurance policy in your 40s than it would be if you did so in your 30s.
The first thing we suggest for people to do is to use a free tool like the quote calculator we have on our website. This will help you to figure out approximately how much your life insurance will cost you.
Life insurance at 42 years old
Most people looking into getting life insurance in their 40s have the exact same goal. They just want to get the best plan possible for the cheapest price available. If that sounds like you then we definitely recommend you get in contact with an independent life insurance agency who will be able to contact all the top life insurance companies on your behalf. They can get estimates from each of these companies and then come back to talk over your options with you to make sure you understand everything.
If you’re in good health though we recommend you to use the free quote calculator featured on our website first. All you need to do is enter in a bit of information and it will come back with quotes for you from many different life insurance companies. Then all you have to do is select the cheapest option that works for you.
If you have a previous medical condition however then the calculator might not work for you. In that case you would definitely need to contact a life insurance agency such as us first. We’ll interview you about your health and then shop your answers around to the different life insurance companies. Each company has a different way in which they assess risk so we will need to contact them all individually. This is something that could easily take you a month to do on your own.
We do this every day so we have become experts at negotiating with the life insurance companies to get you the lowest rates possible.
Inexpensive term life insurance quotes for 42 year olds
To give you a bit of information to start off with we have created these sample rates for you to look over. Please keep in mind that the sample rates are exactly that and can only be used as a guideline. The rates also fluctuate daily so the most accurate way to figure out current rates is to use our free quote calculator.
The rates listed here are for non-smokers. If you smoke the rates will generally be double.
Term life insurance for a 42 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 | $18 | $28 | $51 |
| 15 year term | $12 | $13 | $21 | $36 | $65 |
| 20 year term | $13 | $16 | $27 | $48 | $88 |
Term Life Insurance for a 42 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 | $14 | $14 | $25 | $44 | $78 |
| 15 year term | $15 | $18 | $33 | $59 | $111 |
| 20 year term | $17 | $22 | $42 | $77 | $144 |
Term life insurance for a 42 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 | $11 | $16 | $26 | $43 |
| 15 year term | $12 | $13 | $21 | $36 | $65 |
| 20 year term | $13 | $16 | $27 | $48 | $88 |
Term life insurance for a 42 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 | $13 | $13 | $22 | $36 | $64 |
| 15 year term | $14 | $15 | $28 | $48 | $189 |
| 20 year term | $15 | $19 | $35 | $62 | $113 |
Again, for up to date and accurate quotes – please use the instant quote tool on this page. The rates above are sample rates based on the day this article was published and could be outdated.
Finding the best life insurance policy at 42
First think about what you’ll be using the policy for. Common reasons include supplementing your income, helping your spouse out in case you were to pass away unexpectedly or paying for your children’s college tuition in the same event. Figure out what you’ll be using the money for, and then think about how long you’ll need to plan for last for you to take advantage of that money.
Many people at age 42 purchase a term life insurance policy until their forecasted retirement – usually to age 65 or 70. Basically coverage to last them through these critical income earning years.
For those with more permanent needs, many are purchasing guaranteed universal life insurance policies. This is the least expensive form of permanent life insurance where the death benefit is guaranteed level for the rest of your life (if structured correctly) and the premium is guaranteed level as well.
A lot of our 42 year old clients purchase a term life insurance policy and supplement it with a smaller permanent life insurance policy so they can lock in the low rates during their retirement.
We don’t ever recommend people go broke trying to pay for life insurance, but we do feel it is essential part of living a comfortable and stable life. If you’re struggling financially then our best advice is to not break the bank by going for an expensive policy, but pick one out with a lower premium that you can afford. It’s always better to have some form of coverage than to have no coverage whatsoever.
Bottom line
If you’re considering getting life insurance then your absolute best bet is to contact independent life insurance agency such as us. We can help you get the best rates and walk you through the entire process. We’ve definitely covered a lot of information here, so if anything is not quite clear please don’t hesitate to contact us. Also remember that you can get quick and easy information by just entering a few things about yourself into our online quote calculator, which will return back results on the prices you can expect to pay for life insurance.
