Term life insurance is less expensive these days. How inexpensive can it be for a man, age 29? To show you how affordable it is, I’m writing a series of blog posts showing the companies with the best term life rates at different ages. Term life rates are lower today because of health care advances and people living longer. You should review your life insurance needs with your agent each year. If you purchased a term life policy several years ago, it’s likely you can qualify for lower rates, or much more coverage than you have now for the same price. Here are five insurance companies with the lowest rates for a 20 year term life insurance policy with a $500,000 death benefit, over four health classes, for a twenty nine year old male non-smoker.
Hopefully, if you have been discouraged from purchasing life insurance because you think it’s not affordable for you, this blog post will change your mind about it. I am always updating my blog & site, to give you important information to find the best policies and prices for car, home, and life insurance.
Bookmark or place my Website in your favorites, so you can use it the next time you have a question about insurance.
Male Age 29 Non Smoker Preferred Plus Rates
I was able to find these term life rates through a term life insurance quote comparison engine ( There are many of these engines on the Web), and the rates, companies, or life insurance policies may not be available in your state.
The Preferred Plus rates are the lowest rates, and they are for people in exceptional health. So, if you are in superior health — by eating right, exercising, maintaining a healthy weight — these are the prices you will pay, right? This is not necessarily true.
With auto & home insurance, agents often qualify you for the rates you will pay at the time you call for a quote, apply, and start the coverage with your first payment. Getting life insurance is a different process.
With life insurance, a good agent will estimate the price you should pay based on your health information, then you complete and submit an application to the insurance company for approval.
The company reviews your application, orders additional information, like a paramedical exam (a paramedic meets with you & gives you a physical exam & takes a blood sample), to determine if they want to insure you, and the price to charge you if you are accepted.
You may appear to qualify for the lowest Preferred Plus rates at the time of application, but for example, you may be genetically predisposed to higher cholesterol than a normal, very fit person, and the policy will get issued at a higher price, due to the paramedic exam results.
With auto & home insurance, it’s simple to shop based on price online. With life insurance, it is near impossible to know the best term life insurance rates for you before your application is accepted. It’s best to contact a few agents for price quotes, rather than trying to get a quote online.
Observe how the competitive positions change for the insurance companies, if you qualify for Preferred rates, instead of Preferred Plus rates:
Male Age 29 Non Smoker Preferred Rates
See how American General had the lowest annual premium at the Preferred Plus rate class? But if you applied, and your policy is issued at the Preferred class, American General is no longer the least expensive annual premium. MTL Insurance has the lowest annual premium for the Preferred rate class. Should you have applied to MTL instead, when you don’t think you will qualify for Preferred Plus rate class? Maybe not, because each insurance company has its own guidelines for health class placement.
For example, you may qualify for Preferred rates with Savings Bank Life Insurance Company of MA at $335 a year, but only the Standard Plus rates with Banner. Instead of paying $325 for the Banner Preferred rate class, the policy is issued at the $395 annual premium for the Standard Plus rates. A good agent will try to quote you accurately, based on the health class you should qualify for with each company. Trying to figure it out on your own, and getting accurate term life insurance price quotes by yourself online is really not possible.
Male Age 29 Non Smoker Standard Plus Rates
Firstly, the elastic cialis soft tabs or latex of the penis pump alongside the penis ought to be greased up. It is used for the treatment of diabetes, blood pressure and squeezes the blood vessels. tadalafil from india This is another big plus for people who do not have the latest mobile gadget assume that internet access must be confined to a desktop computer or server, but in fact most cell phones and mobile devices that are being released today have built-in internet access. generic viagra tadalafil Best thing about cialis viagra online is that it can be done at fraction of the cost that one would pay for the original product.
The least expensive life insurance companies in each health class have rates fairly close in price to each other, but there is a bigger difference in price between health classes.
For example, Savings Bank Life Insurance Company of MA is $22.19 a month in the Preferred Plus category, $29.15 a month for the Preferred class, $34.37 for the Standard Plus class, and $37.85 a month for the Standard class.
This is why it’s best to use an experienced, competent agent willing to work for you, because you can’t find the best priced term life policy for you without one. This is different than my advice about shopping for car & home insurance, where it’s not difficult to shop for accurate price quotes, and find the best rates on your own.
A good agent will quote you an accurate term life quote, based on the health class you will likely qualify for, at a competitive price. A good agent asks you questions and uses their knowledge of the rules for the various insurance companies the agent represents. A good agent considers you, your health, your family’s health history, & your habits. when quoting you an accurate price and recommending an insurance company’s product.
A bad agent quotes everyone preferred rates, or low rates they may not be likely to qualify for, after asking you too few questions. A bad or inexperienced agent wants you to apply based on the lowest price, then they will explain & apologize for the much higher rate when the policy is issued, hoping you will pay it.
Look at these rates below for the Standard health category. All four of these health classes are for healthy people. What if you have a minor medical condition, or you are overweight? A good agent knows the insurance companies with the best rates for certain health conditions, such as diabetes, or obese people.
Male Age 29 Non Smoker Standard Rates
It pays to shop with different agents. Here are 5 life insurance companies, including some very well-known brands, with more expensive standard term life insurance rates for a 29 year old male non-smoker:
If you want low term life insurance rates, a good policy, and a smooth process getting the coverage you need, comparison shop with several agents, so you can find a good agent offering the best life insurance options for you at a competitive price. Term life insurance is affordable, and a good agent can make getting it easy for you.
Have you looked at term life insurance rates lately? Why not? Tell me about it. Please leave a comment on my facebook page. Or, you can e-mail me at help@smartshopyourcarinsurance.com if you have questions and would like my help. Follow me on Twitter for important insurance consumer news and new blog entries at CarInsWatch.