How to Qualify and How Much You’ll Pay as an Adult

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Everything you need to know about purchasing life insurance as an adult.

At Huntley Wealth Insurance, we help our clients find affordable adult life insurance, ranging from 10 year term life insurance to permanent insurance with level payments to age 120. We offer life insurance coverage to adults up to age 90.

Maybe you are an extremely healthy adult. We love healthy adults. We also put an emphasis on insuring individuals with health issues, though.  So if you have ever been diagnosed as having depression or hypertension, or whatever else you can think of, you will get the attention and care your adult life insurance needs require at Huntley Wealth Insurance.

How Does Taking Medication Affect My Policy

Some insurance carriers are more liberal on certain medical concerns than other companies. Let’s say you have struggled with heart disease, for example.  Every life insurance company is going to price that impairment differently.  Having said that, the best strategy to acquire affordable term life insurance with medical issues is to apply with the insurance provider that will be the most liberal on your particular health issues.  We recommend speaking to an independent life broker who knows which companies are best for which medical impairments.

How is My Premium Calculated?

There are 5 main determining variables in calculating your premium. The first is how many birthdays you’ve had. Coverage at 49 years of age costs less than life insurance at age 66.  A younger policyholder will pay less than an older one.

Number two is sex.  Men are charged a higher premium than women. The third factor is how much coverage you want.  It’s obvious that $750,000 of coverage will cost more than $100,000.

Next is length of term. It costs more to lock in a level rate for 30 years than for 10 years. The last factor which determines your premium will be your health rating class. Most companies have preferred ratings, standard plus ratings, standard ratings, and substandard ratings.

Term and Whole Life – Which is Better?

Many of our adult clients buy term life insurance. Term is generally more affordable than whole life and its purpose is to provide temporary coverage, such as 10 or 20 years. That’s because life insurance is most frequently needed to replace income lost in the event of a spouse’s death. So if you think you will work 15 more years, a 15 year term policy may be the most suitable product for you.

You don’t build cash value in term life. 10 year term means the premiums stay fixed for 10 years, and 15 year term means the payments are fixed for 15 years, and so on. Whole life insurance provides guaranteed coverage, and builds cash value. If cash value is not necessary, you may really want a guaranteed universal life policy to age 100. Guaranteed UL’s may offer coverage for life, but you will not see the build-up of as much cash value and maybe none at all.

I’d Like To START – What’s My Next Step?

Please get a free quote using the form on the right. On the following page, you may request an application for the policy you’d like. Please note if you use our quote form, quotes appear on the next page. Other sites ask for much more. Or feel free to call us at 877-996-9383 for life insurance quotes by phone.

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