Level Term Insurance Quotes for Adults

Level Term Life Insurance Quotes for Adults

Sample 20 Year Level Term Rates by Age (Preferred Plus Health – As of 1/12/15)

We’ve all seen the commercials where grandma buys her grandchild a $25,000 Gerber policy for $1 dollar per day.

… but how much does level term insurance cost as an adult?

I have some sample quotes which I gathered just for you!

3 Types of Term Insurance

Many if not most people are familiar with term insurance. But, you might be wondering what “level” term insurance means. There are actually 3 different basic types of term insurance including:

Level Term – Both the death benefits and premiums remain the same for the life of the term
Decreasing Term – The death benefits decrease at stated time intervals but premium remains constant
Increasing Term – Both the death benefits and premium increase at specified time intervals

Now you know and understand the difference between the different types of term policies and what “level” term insurance is all about.

But, you want to know about how much term insurance costs as you get older, so let’s jump to some quotes right away.

Sample Preferred Plus Level Term Life Insurance Quotes

These quotes are for “Preferred Plus” for a $250,000 Term life insurance policy. They are for a male who is a non-smoker and in good health. I provide samples of what your monthly rates would be for a 15 year term and a 20 year term. Preferred Plus is the best rating you could receive from an insurance company.

Sample Preferred Plus Term Insurance Quotes


                 Sample Term Life Insurance Quotes
$250,000 Term Policy
15 Year Term 20 Year Term
Age Monthly Monthly
25 Year Old Male $11.00 $13.00
30 Year Old Male $11.00 $13.00
35 Year Old Male $11.00 $14.00
40 Year Old Male $13.00 $18.00
45 Year Old Male $23.00 $29.00
50 Year Old Male $34.00 $43.00
55 Year Old Male $50.00 $67.00
60 Year Old Male $83.00 $113.00

(Disclaimer: These quotes are good as of May 29, 2013)

Samples Quotes for Preferred Rating Term Life Insurance

So maybe you’re not in the tip top health and were to receive the next lower rating which is “Preferred”. The following quotes are for the exact same type of scenario except they are for the next rating level.

                  Term life Insurance Quotes for Adults
$250,000 Term Policy
Age  Monthly  Monthly
25 Year Old Male $13.00 $16.00
30 Year Old Male $13.00 $16.00
35 Year Old Male $13.00 $18.00
40 Year Old Male $17.00 $22.00
45 Year Old Male $26.00 $34.00
50 Year Old Male $41.00 $51.00
55 Year Old Male $63.00 $80.00
60 Year Old Male $102.00 $132.00

(Disclaimer: These quotes are good as of May 29, 2013)

How Ratings, Age and Health Affect Level Term Insurance Premiums

From the above samples, you can see from the premium trend increases that the best approach to buy a term life insurance policy is to:

• Buy term insurance when you are younger
• Buy because you are still in good health

Level term insurance becomes increasingly more expensive to buy as your get older. Although you might be tempted to put it off, just remember that it will cost you more as you age.

The other thing to remember is that as you age, your health begins to slip a bit as well. You might have put on few extra pounds, and start to have problems with blood pressure, cholesterol levels, and sugar levels. Even though you might exercise fairly regularly, you could still develop these higher levels or even begin to develop heart disease.

Most term life insurance policies require that you take a medical exam which means that any decline in your health is likely going to show up in the results. Family history can also reveal whether you might be genetically inclined to inherit some health issues further down the road.

As you age and your health deteriorates, you might no longer qualify for a “Preferred Plus” rating. As your health deteriorates over the years, and of course that varies from person to person, you might be rated lower such as at:
Standard Plus
Mild Substandard
Medium Substandard
Severe Substandard

With each lower rating the cost of your premium increases.

Buy a Level Term Insurance Policy Now

As you can see, the bottom line is that you are going to pay more by procrastinating and putting off buying a policy which you’re going to need anyway. Life insurance is a long term investment, so the sooner you buy a policy when you’re healthy, the more money you’ll save down the road.

Where Can I Find a Free Life Insurance Quote for an Adult?

You always want to talk to an independent agent like myself. We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates. If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 855 – 247 – 9555.

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