Term life insurance is affordable for just about everyone. How affordable can it be for a woman, age 46? Term life rates continue to drop in recent years, as people live longer lives, health care improves, and because of life insurance company competition. If you purchased a term life insurance policy some years ago, you may now be able to get much better rates, or you can buy a larger amount of coverage for what you are paying now. To illustrate how affordable term life insurance can be, I’m writing about the insurance companies with the best rates for term life insurance at certain ages, for 4 common health classes. Below are five companies with the best rates for a 20 year term life insurance policy with a $250,000 death benefit, for a forty six year old female non-smoker.
Hopefully, if you have avoided buying life insurance because you think you can’t afford it, this article will change your mind. Even if you don’t have the extra cash to afford these rates, you can pay less by choosing a smaller death benefit. Life insurance can be made affordable for any budget.
My Website helps you find great rates & policies for auto, house, & life insurance, so bookmark or place my site in your favorites for you to use at your convenience. Paying less for your automobile or homeowners insurance can help you afford the life insurance coverage you need.
Female Age 46 Non Smoker Preferred Plus Rates
I received these term life rates using a term life insurance quote comparison engine — many of these quote engines are available online — and the rates, companies, or policies may not be available in your state.
The Preferred Plus health class has the best rates, & it is for folks in terrific health. So, if you’re sure you are in great health — you always eat right, exercise often & vigorously, & watch your weight — these are the rates you’ll pay, right? This might not be the situation.
When you buy some types of insurance, like home insurance, agents determine the price you’ll pay at the time they quote you. Applying for term life insurance is different.
When applying for life insurance, an agent will estimate the price you should pay, based on how you answer the health questions the agent asks you. The agent helps you complete an application, which the agent sends to the life insurance company for approval.
The life insurance company evaluates the application, & asks for additional information needed, like your medical records from your doctor, or a physical exam ( A paramedic comes to your home or work, gives you a physical, and takes your blood), to determine if they want to insure you, & the correct rate to charge you, if you are accepted.
You might anticipate getting the lowest possible rates when you apply. However, unknown to you, you may be genetically predisposed to high cholesterol, so the policy will be issued at a more expensive rate for a different health class, because of your physical exam results.
When it comes to life insurance, it’s not possible to be certain of the rates you’ll pay before your application is accepted by the life insurance company.
The prices below show you how the insurance companies with the lowest rates change, if you qualify for the Preferred health rating, instead of the Preferred Plus health rating:
Female Age 46 Non Smoker Preferred Rates
Royal Neighbors has the lowest yearly premium for the Preferred Plus rating at $277.50. But if you applied, and your policy is issued at the Preferred rate, Royal Neighbors of America is no longer the least expensive, at $430 a year for the Preferred rating class, which is not among the five lowest-priced companies for the Preferred class. Savings Bank Life Insurance Company of Massachusetts has the lowest annual premium for the Preferred health rating, at $322.50. Would it have been better to have applied to Savings Bank, if you know you won’t qualify for the Preferred Plus health rating? Maybe not, because each insurance company has its own criteria for placing you in a health rating class.
For example, you may qualify for the Preferred Plus rating class with Ohio National at $297.50 a year, but only the Preferred rating class with Banner Life Insurance Company, at $352.50 a year, instead of Banner’s rates for its Preferred Plus rating class, at $292.50 a year.
Female Age 46 Non Smoker Standard Plus Rates
Both branded as well as generic pills are in no way levitra prescription inferior to their branded counterparts because there is no difference between the two. There are also other best cialis price benefits of this drug like increased erection in men and fat loss. This is as genuine as sildenafil viagra de pfizer http://www.dentech.co/servicios/endodoncia.html is. Just like for humans, the control center of the nerves is the have a peek at these guys purchase levitra brain and the spinal cord.
See how these term life insurance companies rates for each health rating class are close in price to each other? There’s a bigger price difference in the rates among the health rating classes.
For example, Ohio National is $25.73 a month for the Preferred Plus health rating, $30.92 a month in the Preferred rating, and $37.63 a month for the Standard Plus rating, & $44.76 a month for the Standard rating.
This is why you should use an experienced agent who is focused on serving your needs. A good agent asks you questions, and gives you an accurate term life insurance quote at a competitive price, based on the agent’s knowledge of the underwriting rules for the insurance companies the agent represents, considering you & your family’s needs, your health, your family’s health history, & your habits.
Some agents quote everybody the lowest possible rate, even if they won’t qualify for the rate, after asking almost no questions. This type of agent wants to get your business based on low ball rates. When your policy is issued by the company for the price you actually qualify for, the agent will explain & apologize for the much higher price, & try to convince you it’s the best price you can get, so you will pay it.
The prices below are for the Standard rating class. All of the health rate classes reviewed in this blog post are for healthy people. What if you have a medical condition, or you are 40 pounds over weight? A good agent knows the insurance companies with the best prices for certain health conditions, such as high blood pressure, or heavier people.
Female Age 46 Non Smoker Standard Rates
The insurance companies shown above have competitive term life rates for this particular death benefit amount, age, sex, and health rating class. But many insurance companies, some with known brand names, have expensive prices for their term life insurance. Check out the standard rates for the companies shown below, for a woman, age 46, non-smoker:
If you qualify for each insurance company’s standard term life rates, you could pay as little as $517.50 a year, or as much as $807.50 or more a year for the same $250,000 death benefit. If you are in good health, you could pay much less, as little as $277.50 a year if you qualify for the Preferred Plus rates.
No single life insurance company has the lowest rates for everyone. Notice Metlife was one of the lowest priced companies for the Standard Plus health rating class, but not for the Standard rating class.
If you want low term life insurance rates, the proper type of policy for you and your family, & an easy process when buying the coverage you need, comparison shop with a few agents, so you can find an agent offering the best life insurance options for you at a competitive price. You can afford term life insurance, and a good agent can make getting it simple 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.