When you talk about getting the best term life insurance rates, it is important to focus on finding the right company that caters to your specific health and lifestyle.
Granted, if your young and healthy, then you can probably apply with any of the best life insurance companies and get the top health rating.
But for us normal folks, getting the best 30 year term life policy might require a little more effort.
The following article focuses on tips to getting the best 30 year term life insurance policy, including how you can qualify for the best rates.
How Much Does 30 Year Term Life Insurance Cost?
The following rates are for informational purposes only and must be qualified for. All rates are subject to change.
Life insurance quotes listed below are from top rated insurance companies.
Who Should Buy 30 Year Term Life Insurance
Probably the most obvious answer on who should buy a 30 year term life policy is a homeowner.
Because we are one of the few countries that offer a 30 year fixed rate mortgage, it only makes sense to cover that mortgage with a 30 year level term life insurance policy.
Young and Married with Children
Also, if you are young and married with children, having a 30 year term policy makes a lot of sense.
The term policy will last until your kids are out of the house. Further, it will protect you in your most vulnerable period as the income earner of the household.
How Do I Qualify For the Best 30 Year Term Life Insurance Rates?
Life insurance companies offer the best health ratings to individuals who demonstrate they not only are healthy, but that they don’t take unnecessary risks.
For example, a super healthy rock climber, like Alex Honnold, will probably not qualify for the best health rating (if he is approved at all).
Instead, life insurance underwriters want to know that you are not only healthy, but you do not engage in risky occupations or hobbies.
The different life insurance health ratings include:
- Preferred Best or Preferred Plus
- Standard Plus
- Substandard or Table Rated
- Preferred Tobacco
- Standard Tobacco
Life insurance companies offer healthy credits to qualifying applicants.
A healthy credit is a bonus you receive if you meet certain criteria.
Some of the criteria is well controlled blood pressure, good cholesterol ratios, low blood sugar, and a good height to weight ratio.