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Are you thinking of buying a life insurance? One of the first things you'll probably want to know is how much you'll have to pay each month. The specific amount you will pay for coverage – your premium – depends on a variety of factors, but all insurance providers consider your age.
The Benzinga guide provides a look at life insurance rates by age, as well as reviews of the best life insurance companies that offer policies online.
Best term life insurance:
Term life insurance quotes for twentysomethings
It is more likely to find cheap life insurance when you are younger because you are generally in better health and have less risk of death.
Check out these quotes for a $ 500,000 20-year policy for a healthy non-smoking man or woman. The citations were obtained on March 1, 2020.
Term life insurance quotes for 30 year olds
Expect to see a slight increase in premiums as you jump in the 30 years.
These quotes are also for a 20-year policy of $ 500,000 for a healthy non-smoking man or woman. The citations were obtained on March 1, 2020.
Term life insurance quotes for 40 years
These quotes are for the $ 500,000 20-year policy based on a non-smoking man or woman. In this round, the subjects are 40 years old. The citations were obtained on March 1, 2020.
Term life insurance quotes for 50 year olds
By the age of 50, you will see that life insurance for the elderly is significantly more expensive.
Here are the quotes for a 50 year old non-smoker in excellent health with a 20 year policy of $ 500,000. The citations were collected on March 1, 2020.
Better term life insurance
Age and health will certainly affect the availability and premiums of life insurance, but it is always better to work directly with suppliers for a more accurate personal quote. We've narrowed down our best choices for term life insurance companies who can offer you the personalized package you need.
1. Best ever: confer
Bestow is one of the easiest companies to buy life insurance from. Simplify the budget and the application process down to the most necessary steps. You can get a policy in just 5 minutes, if approved. There is no need to undergo any type of medical examination and coverage is available starting at just $ 5 a month. Bestow's life insurance policies start at $ 50,000 and you can get up to $ 1 million in coverage. If you are looking for a quick and easy way to get economic life insurance, Bestow is an excellent place to start your search.
2. The best for people with children: fabric
Fabric is a life insurance provider who is involved in helping busy parents get the life insurance they need quickly. Fabric offers affordable policies with coverage of up to $ 5 million and terms of up to 20 years. Parents on the move will appreciate how easy it is to apply for insurance from Fabric: most people are able to purchase their policies in less than 10 minutes via the Fabric app.
You can also use the Fabric app to create a testament for your family, for free. Choose your policy, create your will and share the important details of the policy with the people you love through Fabric's simple and intuitive app.
3. The best for men and women under 40: Haven Life
Haven Life is a relatively new life insurance company that offers some of the most affordable policies for men and women under the age of 40. Policies start at less than $ 15 a month. Haven also offers health insurance policies for all its policyholders for up to 30 years. If you are over 30, you can also find a policy without an exam if you are healthy.
You can quickly request a policy through Haven Life's easy-to-navigate app. The company's pilot, Haven Life Plus, gives you access to numerous health and fitness services such as daily in-app fitness classes and fully certified legal wills.
4. The best for grouping: nationally
As one of the largest insurance companies in the United States, Nationwide has a political option for almost anything you may want to protect. From cars to homes and even pets, Nationwide offers a wide range of covers.
If you already have some form of insurance through Nationwide, consider bundling your life insurance together with your current protection. Nationwide offers a wide range of lifetime, universal and full-life insurance options. Policies are available with coverage terms of up to 30 years.
5. The best for whole life insurance: mass mortgage
Whole life insurance is a type of insurance that guarantees that your beneficiaries will receive life insurance payments when you die. As the name suggests, full-life policies do not include terms – instead, you are covered for life. For older men and women, a life-long policy can offer peace of mind because the benefit is guaranteed as long as you continue to pay the premium.
Mass Mutual is one of the leading full life insurance providers, offering policies for over 160 years. Mass Mutual's full life insurance policies include a portion of the cash value that can help you recover some of the money spent on premiums over a lifetime. Mass Mutual also offers dividends on full-life insurance policies. Although dividends are not guaranteed, the company has not lost a payment since the year 1869.
Find the best life insurance for you
The most important thing to remember when buying life insurance is that each life insurance company uses its own individual underwriting system. You can find the exact same coverage from 10 different life insurance companies at 10 different price points.
Allow yourself plenty of time to get quotes from competing life insurance companies to make sure you get the best deal possible. Most companies allow you to get an online quote in minutes. You may be surprised at how much you can save by comparing all your options.
Our tip: find the best solution with Policygenius
Finding the right company for your situation means considering all your options and getting the right advice. Policygenius allows you to get personalized quotes from the best insurers and request the best policy in one place. Their combination of online tools and support from impartial and licensed experts makes Policygenius the best site to help you get the right insurance.