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Life Insurance In Your 40s [Best Rates for Males and Females]

life insurance for 40 year olds

Your 40s are an exciting time. Your kids are getting older, you may find yourself pursuing new hobbies, and your income has most likely increased substantially since your 30s. As a result, you may find yourself in need of life insurance to help protect your loved ones and secure coverage for the next decade or two of your life.

The following term life insurance rates chart provided rates on life insurance for 40 year old males and females who qualify at the top health rate class.

All sample quotes are from top rated insurance companies, are for informational purposes only, and must be qualified for.

How Much Does Life Insurance Cost In Your 40s

MaleFemale
Life Insurance In Your 40s
The following 40-49 year old sample quotes are based on a male qualifying at the top rate class.
10 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$11.89$18.43$25.31$29.23
41$12.81$20.25$28.04$32.11
42$13.80$21.83$30.77$34.74
43$14.84$24.06$33.12$38.76
44$15.69$25.38$35.15$43.01
45$16.81$27.62$38.92$46.88
46$18.30$30.60$43.20$51.05
47$19.55$33.07$47.11$55.59
48$20.95$35.84$51.20$60.66
49$22.49$38.88$54.28$66.25
15 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$13.08$20.49$28.40$35.19
41$14.58$23.36$31.43$39.29
42$16.10$26.27$36.03$45.41
43$17.75$29.45$41.21$52.33
44$19.54$32.87$46.97$59.02
45$21.52$36.65$52.63$66.29
46$23.14$39.81$57.38$72.48
47$24.96$43.33$62.66$79.37
48$26.61$47.19$67.33$84.56
49$29.03$51.25$74.53$94.85
20 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$17.03$27.76$38.17$48.80
41$18.59$30.88$42.80$54.97
42$20.50$34.70$48.48$62.54
43$22.76$39.09$55.20$71.50
44$24.87$43.16$62.16$79.14
45$26.84$47.21$68.23$87.49
46$28.96$51.35$74.44$95.87
47$31.27$55.83$81.17$104.71
48$33.76$60.70$88.46$114.81
49$36.42$65.88$96.24$125.30
25 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$24.41$42.45$61.09$78.12
41$26.77$46.88$67.71$86.65
42$29.19$51.32$74.38$95.39
43$31.77$56.26$81.78$104.75
44$34.53$61.43$89.55$114.74
45$37.58$67.15$98.12$125.78
46$41.01$73.22$107.23$137.43
47$44.86$80.02$117.43$150.52
48$49.13$87.58$128.77$165.07
49$53.78$95.82$141.12$180.95
30 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$28.66$50.52$73.45$93.49
41$31.17$55.33$80.65$103.08
42$33.82$60.40$88.26$113.21
43$36.73$66.60$97.32$124.39
44$39.92$72.67$106.42$136.64
45$44.03$78.98$116.14$150.44
46$47.51$86.89$127.75$165.38
47$52.02$95.44$140.57$182.22
48$57.06$106.58$155.46$201.07
49$62.57$115.88$171.02$221.77
All sample quotes are based on a monthly premium as of 03/01/2020 from an A- Rated Carrier and higher. Sample quotes are for a preferred plus male. Rates are for informational purposes only and must be qualified for.
Life Insurance In Your 40s
The following 40-49 year old sample quotes are based on a female qualifying at the top rate class.
10 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$10.86$15.72$22.50$26.51
41$11.58$17.16$24.50$28.96
42$12.37$18.74$25.75$31.33
43$13.24$20.48$28.44$34.08
44$14.19$22.38$30.83$37.38
45$15.15$24.30$33.92$41.14
46$16.17$25.88$36.49$43.44
47$17.07$27.53$38.96$46.50
48$18.08$29.36$41.70$49.90
49$19.29$31.56$45.00$53.98
15 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$12.67$19.78$26.60$33.37
41$13.55$21.50$28.53$35.93
42$14.53$23.00$30.89$39.08
43$15.20$24.54$33.47$42.93
44$16.36$26.32$36.75$46.44
45$17.42$28.38$39.97$49.88
46$18.40$30.16$42.90$54.93
47$19.40$32.41$46.28$59.22
48$21.11$34.92$50.04$63.98
49$22.46$37.69$54.20$69.27
20 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$15.27$24.48$33.58$42.14
41$16.50$26.77$37.00$46.46
42$17.62$29.15$40.84$50.90
43$18.87$31.47$45.12$57.28
44$20.18$34.00$49.44$61.05
45$21.69$36.91$53.03$67.15
46$23.04$39.62$57.09$72.11
47$24.65$42.83$61.91$78.01
48$26.41$46.33$67.16$84.44
49$28.32$50.16$72.89$91.45
25 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$20.38$34.38$48.99$61.99
41$21.91$37.22$53.26$67.68
42$23.56$40.31$57.88$73.83
43$25.34$43.62$62.84$80.43
44$27.28$47.23$68.26$87.65
45$29.51$51.38$74.75$95.95
46$31.89$55.69$80.96$104.05
47$34.72$60.85$88.69$113.73
48$37.55$66.59$97.31$124.53
49$40.52$73.04$106.98$135.81
30 Year Term
FACE VALUE $250,000 $500,000 $750,000 $1,000,000
40$23.59$41.39$59.50$75.38
41$25.25$44.04$63.48$81.78
42$27.09$47.51$68.69$88.86
43$29.12$51.35$74.69$96.66
44$31.38$55.62$81.09$105.40
45$34.01$60.60$88.56$115.59
46$36.66$65.53$95.96$124.90
47$39.82$71.94$104.76$136.00
48$43.41$78.06$114.75$148.61
49$47.46$85.59$126.05$159.78
All sample quotes are based on a monthly premium as of 03/01/2020 from an A- Rated Carrier and higher. Sample quotes are for a preferred plus female. Rates are for informational purposes only and must be qualified for.

How Long Of A Term Do I Need In My 40s?

Term life insurance lasts for a specified period of time, known as the “term”. Once your term expires, the policy can be renewed, but typically the premiums will dramatically increase annually.

So ideally you want to lock into the longest term that makes sense for your situation.

A 30 year term policy for a 40 year old will last into your 70s. That is great if you are a new parent or you just bought a house with a fresh 30 year mortgage.

However, maybe your goal is simply to protect your income until your kids are grown. In that case, maybe a 20 year term policy is more ideal.

Or perhaps you only need a term policy to provide collateral for an SBA loan. In that case, a 10 year term life insurance policy makes the most sense in cost wise.

The bottom line, we at IBUSA can help walk you through your specific situation to help you get the policy that makes the most sense for you, based on your specific needs and goals.

How To Qualify For the Best Life Insurance In Your 40s

Consider No Exam Life Insurance

One benefit of the move for many life insurance companies away from having applicants take a medical exam is that there are many no exam life insurance companies available that have competitive pricing often similar to policies that require an exam.

And the reality is, “If you don’t know, don’t test”.

In other words, if you are looking for life insurance in your 40s and you are not certain you can qualify for the best health rate, why risk taking an exam only to find out your cholesterol, blood pressure or blood sugar is elevated?

Instead, opt for the no exam policy. Once you have that policy in force, you can always apply for another policy and take the medical exam if you or your agent believes it may provide you with a better insurance premium.

Apply Early

There really is no better time to apply for life insurance in your 40s than today.

After all, you are not getting any younger. But the good news is that the sooner you apply for life insurance, most likely your premium will be lower.

That is because age is the single biggest factor to determining your life insurance premium.

Shop Around

Doing a Google search for life insurance and choosing the lowest priced life insurance for a 40 year old male or female can sometimes work. But it often fails, and sometimes can create quite the dilemma.

You see, unless you are on of the fortunate ones who are in perfect health, if you have any existing health condition, or you have a risky job or hobby, the chances you will get the best life insurance rates are slim.

Rather, the key is to shop around with a life insurance broker, that works with the best life insurance companies and knows which company caters to specific health and lifestyle niches.

That way, you apply for coverage with the right company off the bat, and put yourself in the best position to get the lowest rates on life insurance in your 40s.

Mind Your Diet

“You are what you eat” is an old saying but like most sayings that stick, it has a lot of truth to it.

If taking an exam is the best route for you, before your paramedical exam it is important that you make a few key changes to your diet.

Focusing on healthy foods that benefit your blood pressure, cholesterol and blood sugar levels will put you in a superior position rather than just rolling the dice and hoping you “get lucky.”

For example, it has been shown that foods high in fiber help lower your cholesterol. They may even benefit your blood sugar levels.

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