Term life insurance is more affordable now than ever. How low can term life insurance be for a man, age 43? I want to show you how term life insurance can fit any one’s budget, so I’m writing blog articles about the insurance companies with the lowest term life prices at a selection of ages. Term life continues to reduce in price because of advancements in medicine, insurance company competition, & because people are living longer lives. You should review your life insurance needs each year, to see if you still have enough coverage, & to find out if you can get a better deal. If you bought a term life policy several years ago, it is likely you can get a better price now, or you can get more coverage for what you now pay. In this blog post, I’ll tell you about 5 companies with the best term life rates for a 20 year term life insurance policy with a $300,000 death benefit, across 4 different health classes, for a forty three year old male non-smoker.
Hopefully, if you have not shopped around for life insurance because you think it costs too much money, the information I provide in this blog entry will change your mind. I am always updating my blog & website, to help you find the best policies & prices for car, house, & term life insurance.
Bookmark or place my website in your favorites, so you can find it the next time you have a question about home, auto, or life insurance.
Male Age 43 Non Smoker Preferred Plus Rates
I found the term life rates shown in this blog article by using a term life insurance quote comparison engine (Many term life quote engines can be found on the Net), & the prices, companies, or life insurance policies may not be available in your state.
The Preferred Plus category offers you the best rates, & it is for people in top-notch health. Does this mean, if you’re in outstanding health — you eat a balanced diet, get plenty of exercise, & watch your weight — these will be the rates you’ll pay? This may not be the case.
With something like renters insurance, insurance agents qualify you for the rate you’ll pay when you contact them for a quote. Qualifying to buy life insurance is a different process.
When you seek to purchase life insurance, an agent figures the price you should pay, based on the answers to the questions the agent asks you. The agent assists you in completing and submitting your life insurance application to the insurance company for approval.
The life insurance company receives your application, reviews it, & gets more health information about you, like your medical records. The company requires you to take a health exam. A paramedic meets with you & conducts the exam, and takes a blood sample from you. The insurance company uses all the information it gathers about you to determine if you qualify for their life insurance, & the proper rate to charge you, if they decide to approve your application.
You might think you’ll qualify for the Preferred Plus category at the time you send in your application. However, it may be revealed by the physical, you’re genetically predisposed to higher cholesterol than the typical, very healthy person. Your term life insurance policy will be issued at a higher price, because of the exam results. You can’t be sure of the price you will pay before your application is accepted.
Below, you can see how the best-priced insurance companies change, if you qualify for the Preferred category, instead of the Preferred Plus category:
Male Age 43 Non Smoker Preferred Rates
Each & every insurance company has its own guidelines for determining your health category placement.
For example, you may qualify for the Preferred Plus category with Cincinnati Life Insurance Company at $339 a year, but only the Preferred category with Banner Life Insurance Company. Instead of paying $326 a year in Banner’s Preferred Plus category, your policy is issued at $395 per year, based on the prices for Banner’s Preferred category. Cincinnati Life Insurance Company is the better deal for you. Although Banner has lower prices for its Preferred Plus category, you don’t qualify for the Preferred Plus category with Banner, but you do qualify for the Preferred Plus category with Cincinnati Life Insurance Co.
A good agent makes every effort to quote the right term life insurance rate you should be offered, based on the category you’ll most likely qualify for with each company. Trying to get accurate term life insurance quotes on your own, without the help of a competent agent, is extremely difficult. Using an agent to buy term life insurance does not cost more than buying a policy direct from the insurance company. You should take advantage of the knowledge and expertise of an experienced life insurance agent.
Male Age 43 Non Smoker Standard Plus Rates
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The insurance companies with the best rates in each health category usually are close in price to each other. There’s often a larger difference in the rates between categories.
For example, Banner Life is $28.53 a month for the Preferred Plus category, $34.56 a month for the Preferred category, $45.85 a month for the Standard Plus category. In the Standard category, Banner is $56.09 a month, which is too expensive to be on the list of the 5 best-priced life insurance companies.
To choose an agent, look for someone who does their best to give you an accurate term life insurance quote, based on the health category for which you should qualify. A good agent will ask you questions, & will use their knowledge of the rate making & eligibility criteria of the life insurance companies the agent represents, to find you the best rates & coverage. You can tell a good agent because they ask about you, your needs, your health, your family’s health history, & your habits. when quoting & recommending a particular insurance company’s product.
Some agents quote everyone the best rates, regardless if the customer qualifies for them, after not asking many questions.
Some agents will try to sell you life insurance by quoting you a low ball rate, then they’ll explain the big price increase when the policy is issued, by telling you it is the best rate you can get, hoping you’ll pay it. Chances are, had the agent quoted you the life insurance company with the best price for you based on your actual health, you could’ve found much better rates with another company.
Here are the five companies with the best term life prices for the Standard category. All of these health categories are for healthy people. What if you have some type of medical issue, or you are over-weight by forty or so pounds? A good agent knows the life insurance companies with the best rates for certain health conditions, like diabetes, or for folks with a few — or more than a few — extra pounds.
Male Age 43 Non Smoker Standard Rates
It pays to shop with agents representing several different life insurance companies. No single agent represents every leading insurance company. Listed below are 5 insurance companies, including some big name brands, with higher-priced standard term life insurance for a 43 year old male non-smoker:
A 20-year $300,000 term life insurance policy at Standard rates can be as low as $597 a year, or as expensive as $888 or more a year. If you are in great health, your rates could be as low as $326 a year for the Preferred Plus category.
Remember, if an additional bill is trouble for you now, the amount of coverage — the death benefit — may be reduced, so you can buy term life insurance which is affordable for your budget. It’s good to have some coverage through buying your own policy, than not having any life insurance coverage through your own policy at all. You cannot rely on your life insurance through work to be there for you and your family when you will need it most.
If you want good term life insurance rates, the proper amount of coverage you need, & a smooth process purchasing it, comparison shop with several agents, so you can find the best agent for you, Everybody can afford some amount of Term life insurance, & a good agent can make buying it a piece of cake.
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.