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Life insurance for 30 to 39-year-olds

  Life insurance 30 - 39 years

If you are 30 to 39 years and are thinking of buying life insurance, you have come to the right place!

Take it from me …

I am 36 years old, have a wife and 3 children and 3 life insurance policies!

In this guide we provide examples of quotes, honest advice on how much you need and fantastic savings tips that will literally save you thousands of dollars.

Let's dive in.

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Cheap Conditional Policies for the Ages 30 – 39

Forward policies are the most basic and cheap type of life insurance available and represent our chosen offer for most customers.

The good news is that if you happen to be in your 30s, they are exceptionally affordable .

For each time year insurance companies see you approaching your date of death, resulting in more expensive premiums as you age.

… not to mention the simple fact that as you get older, it is very likely that you will start developing health problems that may make buying insurance even more expensive.

Save money when you buy life insurance

Do not wait until you enter the 40s to buy your life insurance, because it will cost you much more money in the long run.

To illustrate how much you can save I ran a quote for a 31 year old non-smoking man living in California with good health (Preferred Rate). The Lord was looking for $ 500,000 in coverage over a 30-year period.

At the age of 31, he was able to qualify for a policy that would charge him a premium of approximately $ 43.00 per month.

Had the same man waited until he was 41 years old, the premium would go up to about $ 70.00 per month .. and that is if he was still in good health.

The difference over 30 years would be a staggering $ 9720.00 . Just think of what he could have done with that money and these are just the numbers I generated today. The chance is ten years since he looked at even more money.

"The older you are, the more expensive the premiums," says McGonigle. "Think of it this way: It's very unlikely that a person would be healthier at age 40, 50 or 60 than they were at age 30." – Bank rate, 7 reasons to buy life insurance now

The core is, if you need life insurance, do not delay buying it anymore. You save a lot of money and your family has the financial security they need. To top it all, you can get life insurance ALL ONLINE!

That's right, thanks to technology, you do not even have to have a degree to get affordable life insurance anymore, get a quote and an answer to a question in minutes, it can not hurt to check your prices now!

Compare Prices Now!

How affordable is forward insurance for a 30 – 39-year-old?

You may be asking yourself right now, how much is life insurance for a 30-year-old?

" the proof is in the pudding " as they say, so I included a chart of sample quotes for non-smokers men aged 30-39 looking for a 30-year period for you to check out, so you can see how cheap these policies really are for your age group.

These are preferred prices, which means that they do not even represent the lowest possible premiums. If you are in the top 5% healthy, you can qualify for Preferred Plus prices which means additional savings!

Note that women's costs will be slightly lower, as women are usually cheaper to insure.

Your 30s Is a good time to buy life insurance!

Examples of Life Insurance Rates at 30-39 Years

Age $ 100,000 $ 250,000 $ 500,000 $ 1 Million
30 Year Old Male $ 14.35 $ 24.64 $ 43.15 $ 79.64
31 year old male $ 23.55 $ 23.55 $ 43 , 31 $ 79.64
32 year old male $ 14.96 $ 23.76 $ 43.31 $ 80.72
33 year old male $ 15.22 $ 23.76 $ 43.75 $ 81.37
34 year old male $ 15.57 $ 24.18 [19659042] $ 44.19 $ 82.25
35 year old male $ 15.84 $ 25.01 $ 45.94 $ 84.92
36 years old Ol d Man $ 16.72 $ 26.26 $ 48.56 $ 89.73
37 years old man $ 17.69 $ 27.93 $ 52.06 $ 97.31
38 year old male ] $ 18.83 [19659041] $ 29.80 $ 56.37 105.74
39 year old male $ 19.86 $ 32.30 $ 61.69 $ 115.38

(Life insurance preferred quotes based on healthy, male, non-smokers during 30 year guaranteed level period, 13/3/17, subject to change)

Being a breadwinner is a big responsibility !

No one plans to die or get sick, but it all happens at some point in their lives.

There are no guarantees. But after you are gone, it is the survivors who have to pick up the pieces and move on with things.

RELATED: Check examples of life insurance rates by age (No personal information required)

Life is not cheap !

It is imperative to have a financial cushion in place, which preferably lasts until you retire and a term life insurance is ideal solution .

It is the cheapest life insurance available and you can choose a term that is ideal for your individual circumstances.

When your family trusts your income, you are responsible

The biggest reason most people in your age group choose to buy forward insurance is for income compensation . If you are the main breadwinner in your family, you need to think about what will happen to your family if they no longer have your income to rely on.

We ask all our customers to sit down and take a cold, hard look at what their income needs would be for their family should they die. This is extremely important when deciding the amount of coverage needed for your policy.

How much coverage do you need?

When it comes to how much life insurance you need, there are different schools of thought. Some financial advisors say you should insure five to seven times your salary, while others say you need more. Wixon believes that a good rule of thumb is three times your income plus debt. American News, When to Buy Life Insurance

Examples of Life Insurance Needs for a Non-Smoking 32-Year-Old Man

Using the calculator above, I got a quick quote on the life insurance needs of a 32-year-old non-smoker in California who has good health (preferred tax rate) and looking for 30 years of coverage.

He is doing well in his career and currently earns $ 120,000 (gross) per year. Assuming that 3% inflation rate and an interest rate of 6% he would require $ 2448,192 in insurance to provide an annual indexed income of $ 120,000 ! It's hard to believe how quickly it all adds up.

If you prefer to run the numbers yourself

Let's say your wife needs $ 40,000 in income per year when you pass away. There is a simple calculation you can use to see what your needs will be: $ 40,000 / .04 = $ 1,000,000 in life insurance.

To get a ballpark figure, divide the amount per year you want your spouse or beneficiary by, of .04, which is a good, achievable target interest rate. Therefore, the estate you provide (1 million in the example above) that earns 4% per annum will generate $ 40,000 in income, excluding taxes.

The question is, do you have to give your spouse a lifetime income? See our "which term length is right for me?" section below.

Existing health conditions?

AIG Direct specializes in insuring people just like you. From high blood pressure to diabetes, AIG Direct has seen everything and since they have access to several companies, they can find the absolute lowest prices! Click below to see if you qualify.

Quotes are fast, easy, and free!

Some other considerations

  1. Think about the reduced cost of living if you are not nearby – What percentage of your income would your spouse or beneficiary need to continue paying the bills? It may not be 100%. Suppose, for example, that you are a 35-year-old man and earn $ 60,000 a year, but when you pass away, your spouse can make do with only $ 30,000 a year of help. In that case, base your needs on $ 30,000 per year instead of $ 60,000.
  2. Interest and Inflation – All the death benefits your family will receive are likely to be invested – so it will earn interest but inflation will also to be a factor.
  3. Is your spouse or beneficiary able to work? Maybe your beneficiary does not currently work, but can if needed. In that case, you may need less coverage.
  4. Your spouse's health and longevity – This is especially important for women who are married to older men. You may only be 37 years old but are married to a man in his 40s or 50s with health problems. If so, think logically about his life expectancy. Does he really need to reimburse 80% of your income for 30 years if you die? Will he live that long? I know it's a bit unhealthy, but longevity is a key factor to consider.

If your beneficiary receives death benefits, were your premiums a good investment?

We do not usually see life insurance as an investment. This is why we promote term insurance throughout our lives, because we believe that for most people there are better ways to invest money. With that said, we encourage our customers to consider their IRR (or internal return) if their insurance pays off.

For example, if a 33-year-old non-smoker who bought $ 500,000 in coverage for a period of 30 years were to die at the age of 38, his recipient would receive death benefits that would effectively pay out as if he had invested the money and received 193, 95% return.

If he were to pass away at 63, he would have had to invest money in premiums at 13% interest to match the death benefits.

  Term insurance 30 - 39 Wise investments

Why buy life insurance now?

Simply, you will never be 30 again or as young and healthy as you are today.

Prices increase by about 5% per year in the 30s for each passing year.

So by waiting, you will not only see a standard increase in getting older, but you also run the risk of getting a medical condition that could potentially exclude you from the best health classes.

Now that would be awful because it would translate into lots of lost money.

] Health and Age DO Matter!

To give you some figures to work with, I will give two examples that clearly illustrate how much health and age affect your premiums.

Preferred rating – 34 year old man vs 47 year old man

A 34 year old non-smoker male, who qualifies for a preferred rating would receive the following quote today : [19659134] $ 44.00 per month (approx.) For 500,000 coverage over a 30-year period.

A 47-year-old non-smoker, who qualifies for the same rating would receive the following quote today:

  • $ 73.00 per month (approximately) for 500,000 coverage under a 20-year period.

The Difference : The 47-year-old would pay $ 1680.0 0 more for 10 years less coverage!

Deteriorating health – 35 year old man vs 45 year old man

A 35 year old non-smoker who qualifies for a preferred plus rating would receive the following quote today:

  • $ 70.00 per month (approx.) For $ 1 million in coverage over a 30-year period.

A 45-year-old non-smoker who qualifies for a standard would receive the following quote today: [19659143] $ 182.00 per month (approximately) for $ 1 million in coverage over 20 years.

The difference: The 45 would pay a lot 18,480.00 dollars more than the 35 old and would be covered for 10 years less to start!

As you can see from the numbers, health and age are extremely important aspects of planning for your life insurance needs.

Buying a futures policy in the 30's gives you a wonderful position to get super affordable prices that cover your beloved ace during the most uncertain periods.

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Skip the needles!

Do you want to take the "pain" out of life insurance? We do not blame you! Bestow is one of our most recommended companies without a degree that offers 10 and 20 year plans up to 55 years of age. See if you qualify for "no degree" today.

The quote is fast, easy, and free! [19659153] Types of period policies available for 30 – 39 year olds

For some a 20 year period may be ideal, while for others a 30 year period is more appropriate. You can also purchase a policy that is age specific such as 55 or 65 years. Most people do not know how many options there are.

You can also choose between three types of forward policies that include:

Level period – Premium and death benefits are unchanged during the term

Decreasing term The number of deaths during the term with a fixed premium (generally cheaper than a level period)

Increase period – Death benefits increase by predetermined amounts and at specific times as well as the premium you pay (may be ideal for someone with a tight budget now but see better times ahead, or have a greater financial need along the way).

As you can see, there are many options available when choosing a term policy that suits your specific circumstances. Here are two case studies to give you an insight into how long it is and how this decision will affect you in terms of cost and coverage.

Case 1: 35 year old non-smoker, preferred rating, 500,000 coverage [19659161] 20 year term – $ 29.00 per month
  • 30 year term – $ 46.00 per month
  • In the In this case, it may make sense for this 35-year-old to consider paying the higher premium for 30 years of coverage, as chances are he will still need life insurance after the age of 55, which is when his 20-year coverage would end. If he is planning to have a family, it would make sense to buy a cheap policy now to cover all his needs later in life.

    Case 2: 39 year old non-smoker, preferred rating, 500,000 coverage

    • 20 year term – $ 35.00 per month = $ 8400 for the entire life of the policy
    • 30 year term – $ 61, 00 per month – $ 21,960 for the entire life of the policy

    SAVINGS: $ 13,560 if he buys the 20-year period!

    In this case, this 39-year-old may want to consider a 20-year period. If he has invested wisely and has a family at a young age, his insurance needs may end when he is 59. It really depends on the individual, but this 20-year season can save him a lot of money if his needs allow

    Which time period that suits me?

    The three main factors you need to consider before buying your life insurance are:

    1. When are you planning to retire? Many people adjust their period length with their expected retirement age. For example, if you are 33 years old and plan to work until you are 65, a thirty-year period would probably bring you closest to the goal of providing coverage for as long as you work.
    2. Are you building a nest egg alone? Do you save for retirement and pay down your debts? If so, you may not need a long-term cover that covers your entire career
    3. Value for money – shorter terms cost much less than 25 or 30 years. I always say that something is better than nothing.

    If cost is a factor and you have to choose between getting more coverage or a longer term, I would say get a shorter term and get the coverage you need.

    As I mentioned above, we have "ring-a-term" options with one of our top companies.

    … so say you are 36 years old and want coverage for the rest of your career.

    It may mean that you need term cover until the age of 70, because you started saving late and can not imagine retiring at 65. The problem is that even if you buy a 30-year period, it only takes you to 66 years! This is a case where you may want to call a term guarantee for 70 years instead of buying 30 years.

    We do not have that quote option on the right, but if you get a quote in 30 years, the price will be similar. Call us for an exact quote on 888-603-2876 . There are all possible semester lengths, 10, 15, 20, 25 and 30 years. You can even choose a term that ends at a certain age like 70 years.

    Life insurance savings tips from the professionals

    As an agent for 10+ years, I have learned some tips about insider savings. Here are some of my best:

    1. Ladder Your Term Maturities – you can save 10-20% by buying two insurances instead of 1. You can buy a shorter and a longer term. When your insurance needs decrease as you get older, your first insurance will fall off and you will have a smaller amount left for the rest of your second insurance life.
    2. Request Payment of Annuity – we & # 39; Everyone knows life insurance companies that pay out large lump sums when the insured is gone. But did you know that you can save 10-30% by asking the insurance company to pay out the benefit for a certain period of years? For example, instead of a lump sum of $ 1 million, your recipient may receive $ 50,000 per year for 20 years. So they still get a million, but because the company does not have to figure it out in advance, they give you significant savings on your premiums.

    Tough medical problems? We can save you up to 73% on life insurance!

    Do you have a pre-existing health problem or disability? Do not worry, we can help you. One of the biggest insurance myths is that you can not find an affordable insurance if you have a medical condition.

    Insurance companies value people differently, so I know which ones are milder. Health issues vary considerably so the best course of action, if you are not sure what to do, is to call me so we can discuss your options.

    I feel confident that we will be able to find the most affordable quote. for your unique circumstances.

    • No talk to an agent
    • Medical examination required
    • Approval may take 4-6 weeks
    • Apply for the same policy as you would through an agent at the best prices!

    Existing health conditions?

    AIG Direct specializes in insuring people just like you. From high blood pressure to diabetes, AIG Direct has seen everything and because they have access to several companies, they can find the absolute lowest prices! Click below to see if you qualify.

    The quote is fast, easy, and free!

    * While we do our utmost to keep our website up to date, please be aware that "current" information on this site, such as quotation estimates or relevant company information, may only be accurate as of the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Please contact your own legal or tax advisor.

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