Average Life Insurance Rates for Individuals in Excellent Health

average life insurance ratesAre you in excellent health and looking to find out how much you will pay for a term life insurance policy?

We have done the research for you!

First, have a look at our infographic below showing average life insurance rates for individuals at at various health stages, from excellent to average health, to substandard health.

In our article you’ll learn how much you might expect to pay on your premium for policies ranging from $25,000 to $1,000,000 of coverage for those who are in excellent health, as well as the following…

Next, we’ll reveal the following benefits for individuals in excellent health:

*Learn more about some of the perks life insurers have to offer for those who are in excellent health, and some reasons why you might have to pay a bit more for a policy than you were expecting.

average life insurance rates in excellent health

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Life Insurance Advantages for Being in Excellent Health

Whether you are looking for smaller term life insurance policies such as $25,000 or $75,000, or larger policies such as $500,000 or $1,000,000 in coverage, and are in excellent health, you will generally pay a lot less for a policy than those who have more significant health related issues.

Let’s do a quick comparison between what a person in excellent health might pay as opposed to someone who may have a variety of health issues. The ratings for those who are excellent health are generally rated as “Preferred Plus – Non-Tobacco”, and “Preferred – Non Tobacco”.

You can still get very decent rates if you are both a smoker and in excellent health otherwise, but you will definitely pay more for your premium than a healthy non-smoker. Being in excellent health doesn’t mean “perfect health.” You could be considered in excellent health and receive a “Preferred Plus” rating even though you have some very minor and well controlled health issues.

This could health issues such as slightly elevated blood pressure and cholesterol, mild asthma or anxiety, and are an occasional cigar smoker. You would also qualify if your build is normal and are no more than 10 – 15 lbs overweight.

Comparing Pricing for Excellent Health vs. Average Health

In this excellent health scenario and if were 40-years-old and buying a 20-year term $250,000 term policy you might expect to pay a monthly rate around:

40-year-old male – $25.00 per month
40-year-old female – $20.00 per month

What about someone who has health issues and might receive a different rating such as a “Standard – Non-Tobacco”?

A “standard non- tobacco” rating might refers to someone who has an average life expectancy, diabetes, anxiety or depression which are under control, is a recreational marijuana user, and as much as 50 lbs overweight.

In this less than excellent health scenario and if were 40-years-old and buying a 20 year term $250,000 term policy you might expect to pay a monthly rate around:

40-year-old male – $35.00 per month
40-year old-female – $30.00 per month

Let’s start with some life insurance quotes for smaller amounts and for various ages so you have an idea of what you might be paying for quotes such as $25,000, $50,000, $75,000 and $100,000 in excellent health coverage.

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Sample Life Insurance Quotes $25,000 – $100,000 in Excellent Health

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Other Advantages for Being in Excellent Health

Aside from paying much lower rates for your policy, you can also qualify for policies that others can’t such as certain types of “no-exam” policies. No exam policies are ideal for anyone who doesn’t have the time to schedule and complete a medical exam.

In many cases, no exam policies are competitively-priced with term policies that require an exam, but most companies have an age limit of 50 or 60 to qualify. To get approval for life insurance without a medical exam, all you have to do is to answer a few health questions.

These policies are especially idea for those who need a policy fast such as for a business loan for example because oftentimes, they are approved in less than 24 hours.  However, if you decide to apply for a policy does require a medical exam, you can expect to be approved faster and incur less medical scrutiny due to your health.

Applicants with extensive medical records take longer to get approved because the insurer has to receive and review the medical reports from their doctor’s before they can approve an application. If you are in excellent health, the insurer isn’t going to waste their time or money waiting for records. They will base their decision on your application questions and the results from your medical exam.

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Average Rates in Excellent Health for $250,000 to $1,000,000

Let’s look at more quotes for higher amounts of term life insurance such as $250,000, $500,000, $750,000 and up to $1,000,000 of coverage for those who are in excellent health. [sc:10year250k-1m] [sc:30year250k-1m]

Being in Excellent Health Doesn’t Always Equate to the Best Rates

Even though you might be in excellent health, there are certain conditions where you might expect to pay more on your premium as there are other factors that insurers take into account.

Some of these factors that the underwriter will consider include:

Lifestyle variables such as your driving history,
• Whether you travel outside of the U.S.
Tobacco or drug use/abuse
Family history such as where you have a family member who may have had cancer or heart disease diagnosed prior to age 60
High risk occupations

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You will still get better rates but may have to pay more if some of the above or other relevant factors impact how you are rated.

Whether you are looking for smaller policies such as $50,000 or $100,000, or larger policies such as $250,000 or $750,000 in coverage and are in excellent health, and you’d like to learn more, have questions, or need some advice, contact us at 855–247–9555 today or request a free quote online below.

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Chris is a co-founder of JRC Insurance Group. Prior to founding JRC, he owned his own agency, and he has been a licensed life insurance agent since 2014. Chris is a die-hard San Diego Padres fan, and in his spare time he enjoys reading, ping pong, poker, and spending time with his wife and three daughters.
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