Term Life Insurance for 40 Year Old Females

Term Life Insurance for 40-Year-Old Females

term life insurance for 40 year old females

In your fabulous 40’s you still feel invincible…there are so many things to do in these great years. Don’t let financial worries ruin these wonderful years of your life. Being covered with life insurance keeps you stress-free. This way you can fully enjoy your life ahead.

For most people, when they reach their 40’s, they began to understand the importance of life insurance.  It is at this point of age when most of us are:

  • Mature enough in our profession
  • Paying mortgage
  • Thinking seriously about our children’s education
  • Under some serious debts

All these reasons make a 40-year-old woman or man think seriously about the future and their loved ones. You can make sure they are protected in case of your premature death with life insurance.

For a 40-year-old female, buying life insurance is more affordable than a male of the same age. This is because men are considered to be a higher risk to life insurance companies than women are. Shorter lifespans, higher risk lifestyles, more dangerous occupations and high societal risk are few of the many reasons that contribute to high premium rates for men.

Permanent Life Insurance Vs Term Life Insurance:

Before buying a life insurance policy, the very first question you should ask yourself is whether you want a permanent life insurance or a term life insurance. Both have their pros and cons. For example, permanent life insurance works great for some people because it provides coverage for the rest of your life ensuring that your loved ones will get a death benefit on your passing.

On the other hand, term life insurance is more affordable because it provides coverage for a given time period usually between 10 and 30 years. If you have dependents that rely on you and you are getting older, then this type of insurance will provide you with the needed coverage.

Choosing the type that is best for you entirely depends on your needs and circumstances, however, if you need any help in deciding which policy to go for, we are here to help.

Affordable Life Insurance Quotes For 40-Year-Old Females:

Term life insurance rates are comparatively lower than other policy types at most ages. Even in your forties, rates for a 20-year policy are quite affordable for women in good health. 

For example, a 20-year term life insurance policy for a 40-year-old female, non-smoker, will cost around $28 per month for $500,000 of coverage. Quite inexpensive right? 

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Term life insurance for a 40-year-old female non-smoker, monthly rates:

All these are estimated rates and should be used as a guideline. Due to daily fluctuation in rates, it is best to use our free LifeQuote calculator and get your own personalised quote!

$100,000 $200,000 $300,000 $400,000 $500,000
10 year term $10.06 $15.75 $15.93 $19.78 $23.63
20 year term $13.21 $21.86 $24.33 $30.88 $37.29

Term life insurance for a 40-year-old female smoker, monthly rates:

$100,000 $200,000 $300,000 $400,000 $500,000
10 year term $16.65 $28.00 $39.38 $50.75 $62.13
20 year term $22.23 $39.20 $56.28 $73.25 $90.23

Click here to get an exact quote

Cost of Life Insurance:

Yes, you will have higher premiums in your 40’s but that doesn’t mean your insurance policy will break your bank. There are several ways to get lower monthly premiums.

If you are a smoker, you are going to pay two to three times more than a non-smoker. Drop the habit of cigarette smoking if you are really thinking of saving some money on insurance, it’s not an easy choice but it will improve the quality of your life as well.

One of the best ways to get the lowest insurance rate is to get quotes from several different companies before choosing a plan that is best for you and your family. You can talk to different companies and take dozens of quotes from different agents but this whole process will consume a lot of your time.

We value your time. Let us get the quotes for you.  By simply filling out the form on the left, all the lowest possible rates will come to you. At LifeQuote you will not only find the best life insurance rates based on your age and health but our representatives will also help you answer any question related to life insurance and choosing different policies. Give us a try and we will help you select the best choice for your loved ones.

Thank you for reading our article on “term life insurance for 40-year-old females”. If you have any questions or suggestions, please use the comments section below.

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