30 Year Term Life Insurance Covers Home Mortgage
Thank you for visiting Huntley Wealth Insurance’s website, where we specialize in offering 30 year term life insurance quotes. In this article, we’ll discuss who can purchase 30 year term, offer sample quotes for coverage, and explain the difference between a long term policy versus whole life insurance.
Who Should Buy 30 Year Term Life Insurance?
30 year guaranteed term is ideal for people who need life insurance protection for a long time, but not necessarily their entire life. One such example would be purchasing a 30 year insurance policy to cover a 30 year fixed mortgage.
Keep in mind that the oldest you can be to qualify is 65 years old. Once you turn 66 and older, you can still apply for 10 and 20 year term policies, but there are no life insurance carriers offering 30 year level term after age 65.
30 Year Term – Healthy or Receiving Treatment for Medical Condition
Perhaps you are very healthy male. We love helping healthy men, because in many regards, it is easier to find you affordable coverage than for a man with health issues.
However, we also put an emphasis on obtaining affordable 30 year term coverage for men with medical impairments. So if you have been diagnosed with anxiety or high cholesterol, or any other disease, we are fully equipped to help you find affordable coverage as well! Call us at 877-996-9383 for quotes or use the form on the right.
Sample 30 Year Term Insurance Prices for Men
Please use our instant quote form to the right to determine the best prices for 30 year term life insurance from over 100 highly rated term life insurance companies.
Term Insurance Protection Being Treated for Health Issues
A few life insurance providers will be more lenient on particular medical issues than other providers. Let’s take a health risk that plagues many men, such as heart disease. Every insurance company is going to treat a history of heart problems differently. Some will be more forgiving than others.
It makes sense, then, that the proper avenue to obtain cost effective 30 year coverage with health impairments is to apply with the carrier who will be the most understanding about your particular health impairments. We recommend speaking to an independent broker who knows which carriers are best for which health impairments.
How Cigarette Use Affects Your 30 Year Term Rating
You can plan on paying approximately two and a half times the price for 30 year term if you use cigarettes than if you’re a non smoker. The good news is there are some companies whose niche is offering low premiums to cigarette smokers.
You may qualify for non smoker rates if you are able to quit smoking for 12 months and apply for coverage, but we don’t advise you go uninsured for a year, so we recommend applying for a policy now and paying the higher cost, and then if you quit, you can wait one year and replace the policy with a lower cost non smoker rated policy, or apply for a rating reconsideration with your existing carrier.
What some people do if they need to quit smoking is only purchase a 10 or 20 year policy rather than 30 year term life insurance, since their plan is to replace it a year later.
Affordable coverage is also available for most cigar users and social marijuana users. Just select “Yes” for tobacco use in our quote form on the right for a smoker quote.
How Are My Premiums Determined?
There are five main determining variables in calculating your premium. The first is age. Life insurance at 40 years old will cost less than coverage at age 60. The older you are, the higher your premium. Number two is gender. Since men have shorter life expectancies, in general, males pay more than females.
And, Yes, we do insure women.
The third factor is amount of face value. Obviously, $750,000 of coverage will cost more than $250,000. Next is length of term. It costs more to purchase a longer term. The last variable determining your price is your health class. Most companies have preferred ratings, standard ratings, and substandard ratings. The better your rating, the lower your premium.
30 Year Term Life or Whole Life Insurance – Which is Better?
The majority of our clients buy 30 year term life insurance over whole life for a couple reasons. Term is usually more affordable than whole life, for one. Secondly, most people don’t actually need coverage for their entire lives. That’s because life insurance is most frequently used to replace income lost in the event of a spouse’s unexpected death.
Term life insurance does not build cash value, so if you cancel it, you won’t get any money returned to you. 30 year term means the premiums stay fixed for 30 years. If the premiums are too high, you might also look at quotes for 10 or 20 year term policy, which are generally less expensive.
Whole life insurance offers level premiums as long as you live, and builds cash value. If cash value is not necessary, you will actually want a guaranteed universal life policy to age 110. Guaranteed universal life may be guaranteed for life, but won’t build up as much cash value and maybe none at all.
I’d Like To Purchase 30 Year Term Life Insurance – How to Get Started
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 utilize our quote form, that the information you see requested on the right is all you will be asked to submit, and your quotes will appear on the next page.
We know some other websites ask for pages and pages of personal information before they’ll even let you see a quote. We offer 30 year term life insurance quotes from over a hundred companies. If you prefer, call us at 877-996-9383 for term life insurance quotes by phone.