If you are considering buying a home or starting a family, you may want to consider a 25-year life insurance policy.
Are you considering applying for life insurance? You're probably wondering which term length is right for you. Some people can take advantage of the decades of protection offered by a 30-year life insurance policy, especially if they have just begun their careers. Other people only need a 10-year life policy, especially if they are very close to retirement.
How about people who may be a few years into their careers and are considering taking on some of life's other major milestones such as marriage, home ownership or starting a family? If you are looking for a life insurance policy that will see you through some of the most important years of your adult life, a 25 year policy can be perfect.
Is a 25-year life insurance your best option? How much does a 25-year insurance policy cost per month, and how do these costs differ depending on how much life insurance you need? Here's what you need to know about a 25-year life insurance policy – including how to determine if a 25-year life insurance policy is right for you.
In this article:
What is the length of a life insurance period? ?
When you take out a life insurance policy, you take out life insurance for a certain period of time. It is the "term" of the term life insurance – how long your life insurance will last.
If you buy insurance with level insurance premiums, your interest rate remains fixed during your term, so it is often a good idea to get life insurance while you are young and healthy. It allows you to take advantage of low monthly premium payments for 10, 15, 25 or even 30 years.
At the end of your life insurance period, you have the opportunity to continue the existing insurance – but at a higher premium. . With that said, many people choose life insurance plans that are designed to cover them during the years when their loss of income is likely to have the greatest impact on the people they love – which means that if you choose a term insurance policy that ends when you plan to retire, You may not buy additional life insurance after your first insurance has expired.
Why should you consider a 25-year life insurance policy?
A 25-year life insurance policy covers you for a quarter of a century. If you apply for a 25-year life insurance policy when you get married, for example, that insurance will help protect your partner until your silver wedding anniversary. If you apply for a 25-year insurance policy when you start your family, your life insurance policy can help protect your children until they graduate from college. If you sign a 25-year life plan on the day you and your partner buy your first home, your 25-year life insurance will help your partner continue to pay the mortgage even in the worst case.  Many people look for life insurance policies that provide affordable coverage and protection until they reach a major milestone – until they retire, for example, or until their children leave the nest. If you just took out a 30-year mortgage on a house, a 30-year life insurance policy may be better for you and your family. If you have the financial resources to retire early, you may only want a 15-year life insurance policy (although some early retirees choose to keep a life insurance policy active, especially if they have young children).
Ask yourself how many years do you want your life insurance to protect the people you love, and then look for a life insurance period that matches.
How much does a 25-year life insurance policy cost?
Thermal life insurance insurance premiums are based on a number of factors, including coverage amount, term length, age, gender and health. This means that the monthly premium payments associated with a 25-year life insurance policy can vary, depending on the person applying for the insurance and the amount of life insurance they request.
That said, 25 year term life insurance policies are designed to be very affordable coverage options. A 30-year-old non-smoking woman in excellent health seeking $ 500,000 in coverage can pay as little as $ 23.06 a month — and she will pay the low premium rates for the next 25 years.
Here's a chart to help you understand what a 25 year old Haven Term life insurance policy can cost if you are a smoker with excellent health:
Is a 25 year old life insurance policy right for you?
Are you applying for a 25-year life insurance policy? To determine if a 25-year life insurance period is right for you, ask yourself what your life might look like over the next 25 years. Are you planning to buy a house, get married or start a family? Do you pay off debts, including student loan debt, and can those debts become a burden to others should you unexpectedly pass away?
If you have loved ones who depend on your income to survive – or if the sudden loss of income would make life more difficult for your partner, children or parents – you need life insurance to help them afford any financial obligations they have to pay. If you are planning to reach an important milestone within the next 25 years, such as retiring, paying off your mortgage or becoming an empty household, a 25-year life insurance policy may be the right insurance product for you.
Curious about other Haven Life term lengths might fit better? Read our guides to help you make the best decision for yourself and your loved ones:
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Haven Life is a customer-centric life insurance company supported and owned by the Massachusetts Mutual Life Insurance Company (MassMutual). We believe that navigating life insurance decisions, your personal finances and overall well-being can be refreshingly easy. ). We believe that navigation decisions about life insurance, your personal finances and overall well-being can be refreshingly easy.
Our content is created for educational purposes only. Haven Life does not support the companies, products, services or strategies discussed here, but we hope they can make your life a little less difficult if they suit your situation.
Haven Life is not authorized to provide tax, legal or investment advice. This material is not intended to provide and should not be relied upon for tax, legal or investment advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Haven Term is a life insurance policy (DTC and ICC17DTC in some states, including NC) issued by the Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and is offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a simplified life insurance policy (ICC19PCM-SI 0819 in certain states, including NC) issued by C.M. Life Insurance Company, Enfield, CT 06082. Insurance numbers and driver's license numbers and features may vary by state and may not be available in all states. Our agency's license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best company as A ++ (Superior; Top category of 15). The rating is from Aril 1, 2020 and may change. MassMutual has received various ratings from other rating agencies.
Haven Life Plus (Plus) is the marketing name of the Plus Rider, which is part of the Haven Term policy and offers access to additional services and benefits free of charge or at a discount. The rider is not available in all states and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made available under Plus Rider, provided by third party providers (partners). For more information about Haven Life Plus, visit: https://havenlife.com/plus.html
Good service and easy registration and I could not find a better price. Thank you
Easiest and fastest life insurance application I went through when I shopped … highly recommend!
Haven Life was extremely fast and gave a reasonable price for the life insurance I was looking for, without even needing a medical examination. I know it does not happen in all applications, but I was surprised and impressed that it was so easy and quick to sign up for life insurance.
Good fast service
I was looking for life insurance through several websites and Haven Life came up as an alternative.
Went through the process and within a couple of days I had been approved. The cost, duration and ease of registration was simple and straightforward.
Would highly recommend.