20 Year Term for 41 to 45 Years Old

Are you between the ages of 41 and 45 years of age and looking to find an affordable 20 year term life insurance policy?

We have exactly what you are looking for and can provide you with a 20 term life insurance policy that is incredibly inexpensive and within your budget.

How much is a 20 Term Life Insurance Policy?

I did some research because I’m an independent agent who specializes in finding low cost term life policies for someone in your age group and I think that you will agree that the following sample quotes are very economical.

The following rates are for someone who is in good health and who is a non-smoker. Don’t worry though if you still smoke because your monthly or annual premiums will be a little bit more expensive but not by much.

$100,000 Term Life Insurance Quotes for Ages 41-45

                                          20 Year Term
Age                                   Monthly                     Annual

41 Year Old Man              $12.34                      $143.02
42 Year Old Man              $13.30                      $154.17
43 Year Old Man              $14.35                      $166.43
44 Year Old Man              $15.52                      $179.90
45 Year Old Man              $16.77                      $194.38

(Disclaimer – These rates are effective as of February 1, 2013)

Why is Term Life Insurance so Inexpensive?

Term life insurance is a lot less expensive than what you would pay for a permanent policy such as whole life, universal life and variable life insurance because it pays death benefits only.

The premiums are generally guaranteed for the life of the 20 year term policy. All you have to do is name your beneficiary.

Will I Need a Medical Exam?

It will depend on the requirements of each individual insurance company. It also depends on how large a policy you want to buy and how you answer the medical questionnaire. In a number of instances you may be required to get a very brief and non-invasive medical exam that consists of a few tests. Not to worry though because you can get through it pretty quick and with minimal fuss.

What Reasons Would I Buy A 20 Year Term Life Insurance Policy?

If you’re between the ages of 41- 45, then you are probably most interested in replacing your lost income should you die unexpectedly. You would also likely buy a 20 year term policy in this age bracket to cover you until the age of retirement.

If you wondering what the ideal amount off income replacement to buy to cover your lost income, than most life insurance experts say you should ideally buy a minimum of 10 times your current yearly income. Of course, it also depends on what your budget will allow.

One thing to keep in mind is that any form of life insurance policy becomes more expensive as you get older so if you just happen to be approaching another birthday than I suggest you buy now before you hit that birthday threshold.continue page 2……

20 Year Term Life Insurance over Age 50

Can you still buy affordable term life insurance if you’ve you just turned 50 or are in your 50’s?

Many people in this age bracket think it will be too expensive.

Well, I have some good news for you.  If you are in your 50’s, and are a non-smoker who is in reasonably good health than you can still buy a 20 term life insurance policy that can easily meet your budget.

People in their 50’s are most likely still employed and probably don’t plan to retire until at least age 65.  Many people may even have no choice but to work longer such as up to age 70.

The main reason why you want to look at buying a term policy is to cover your family’s financial needs in case something happens between now and before you retire.  You might even be thinking of extending your life insurance a few years beyond your retirement to give you a financial buffer zone.

A 20 year term policy is the ideal choice if you want your life insurance coverage to protect you for those reasons.

How much is a 20 Year Term Life Insurance Policy?

I did some research and I have some quotes to show you how economical it would be to get a 20 year term life insurance policy for someone in their fifties. The following example is for a policy worth $100,000 and someone who is a non-smoker and in good physical health. These are Preferred Plus rates.

$100,000 Term Life Insurance Quotes for Ages 50 -59

Age 20 Year Term (Monthly)
50 Year Old Man $23.23
55 Year Old Man $35.05
59 Year Old Man $50.13

(Disclaimer – These rates are effective as of January 15, 2013)

As you can see, the monthly premium is very inexpensive and easily meets most people’s budget. For information you can also check out this article – Quotes for 50 – 59 Years Old

Why Should I Buy a 20 Year Term Policy?

Most people who are in their 50’s are still employed. They largely are thinking of buying insurance coverage that would compensate for their loss of income should they die before they retire.

You might need to look at something more than a $100,000 if you plan to cover a greater portion of your income, but it all depends on your individual requirements.

The other reason why a 20 year term policy would be the most suitable for many of you in your fifties is because term life insurance is without a doubt the most economical to buy.

The premiums are guaranteed to remain the same for the duration of the 20 year term and won’t increase at all. The death benefits are a tax deferred lump sum payment that your beneficiary can use any way they need to use it.

It’s a simple fact that far too many Americans have no life insurance coverage at all (almost 95 million Americans have no life insurance), and many of those that do simply don’t have enough.

Most experts suggest that the minimal amount of life insurance you need should be roughly equal to 10 times your gross annual income.

Buying a policy that is 10 times your gross salary may be too hefty a policy to carry for some of you, but having no insurance is even worse…… page 2……

What You Need to Know About 30 year Term for Ages 46 – 50

For anyone who is in the 46 – 50 years of age bracket and looking for an affordable 30 year term life insurance policy, we have just what you need.

If you’re in this age group then this is the perfect life insurance plan to cover you into your latter years.

For your age group, this an ideal time to buy a 30 year term policy because it’s a very inexpensive investment and will give you peace of mind while protecting your family.

30 Year Term Life Insurance Sample Quotes for Anyone 46 – 50 Years Old

Since I’m an independent agent, I am in the unique position to access numerous life insurance companies. So, I did some checking and found some great bargains for a 30 year term $100,000 life insurance policy. The quotes below are for anyone who is not a smoker and in good health.

$100,000 Term Life Insurance Quotes for Ages 31 – 35

Age                                                30 Year Term
Monthly                                 Annual
46 Year Old Man                    $26.86                                $307.00
47 Year Old Man                    $29.05                                $332.00
48 Year Old Man                    $31.59                                $361.00
49 Year Old Man                    $34.39                                $393.00
50 Year Old Man                    $37.63                                $430.00

(Disclaimer – These rates are effective as of February 1, 2013)

Reasons to Buy a 30 Year Term Life Policy

If you are aged 46 – 50 years old then a 30 year term life insurance policy is the best way to go if you’re looking to provide ongoing financial protection for your loved ones well into your future.

Were you to buy a shorter term policy and intended to renew it, the premiums would be substantially higher. So, now is the perfect time to get a 30 year term policy.

You can now rest easy because you know that whatever happens, your family will be looked after. Your debts can be cleared up, the mortgage paid off, and medical bills and your funeral and death benefits will be taken care of and paid.

Or, you might be thinking that you want have some funds on hand for the kid’s education, or leave them a financial legacy to give them a good start in life.

You’re also getting close to retirement and probably still want to make sure you have some income replacement should anything happen.

And, if you happen to be working for yourself and have your own business, or a partnership, this is also the ideal solution so your business debts are covered.

Have Health Problems?

It may also be a situation where your health has slipped a bit. This is the age range when many people get diagnosed with heart disease, diabetes, and even cancer. So even if you’re still healthy, it’s wise to plan for the worst case scenario now rather than later should your health deteriorate.

And, if you do have health problems and are worried you may not qualify for a 30 year term, then don’t give up. I specialize in helping people who have health problems and can help you find an affordable policy that could be tailor made for someone in your situation. Give me a call and we can discuss your health issues.

Whatever you’re reasons, a 30 year term is the way to go.

However, and as you can see from the sample quotes I provided, it does get more expensive each year with the passing of time, so don’t procrastinate and get it now before you have another birthday.

Features of a 30 Year Term Life Insurance Policy

The best reason to consider a 30 year term policy is because it’s so very affordable to buy.  Term life insurance is the cheapest life insurance policy that’s available, so if you’re on a budget, this is definitely the best way to go.

The reason why a 30 year term life insurance policy is so economical is because it pays out death benefits only. All you have to do is figure the reasons why you want a policy so you can determine how much you need.

The life insurance proceeds go directly to the beneficiary(s) you name on the policy and gets paid to them as a lump sum.  That way they get the money right away and can use it for whatever purpose they need.

The other good news is that life insurance is also tax deferred so no taxes have to be paid, so long as you don’t name your estate as beneficiary.

Where to Find an Affordable 30 year Term Life Insurance Policy

You always want to talk to an independent agent like myself.  We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates.  If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 877 – 966 – 9383.