Term life insurance is affordable now more than ever. How inexpensive is term life insurance for a man, age 47? To show you how term life insurance can fit any budget, I’m doing a blog series showing the life insurance companies with the best term life rates at a selection of ages. Term life is more affordable today because of advancements in health care, & because people now live longer lives. You should review your life insurance needs each year, to see if you still have the right amount of coverage, and to find out if you can get a better deal. If you paid for a term life policy five years ago, it’s likely you can get lower rates now, or you can get more coverage for what you currently pay. In this blog post, I give you 5 insurance companies with the lowest rates for a 20 year term life insurance policy with a $200,000 death benefit, for 4 different health categories, for a forty seven year old male non-smoker.
Hopefully, if you’ve been reluctant to buy term life insurance because you think it’s too expensive, the information in this blog post will change your mind. I’m always updating my blog and website, to help you 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 auto, home, or life insurance.
Male Age 47 Non Smoker Preferred Plus Rates
I received these term life rates by using a term life insurance quote comparison engine ( Many of these engines are on the Web), and the rates, companies, or life insurance policies may not be available in your state.
The Preferred Plus health class offers the best rates, and it is for the healthiest people. So, if you are in extremely good health — by eating a proper diet, exercising regularly, & maintaining a healthy body weight — these are the rates you’ll pay, right? This may not be so.
With something like renters insurance, insurance companies qualify you for the price you’ll pay at the time you contact them for a quote. Qualifying & buying life insurance is a different process.
With life insurance, an agent determines the rate you should pay, based on your answers to the health questions the agent asks you. Then, the agent assists you in completing the application, and forwards it to the insurance company for approval.
The company reviews your application, & orders other information, like your medical records. The insurance company usually requires you take a physical exam (a para-medic meets with you to give you a physical, and takes your blood sample), to determine if you qualify for the insurance, & the proper rate to charge you if you are approved.
You might assume you’ll qualify for the Preferred Plus health class at the time of application. However, you may be, for example, genetically predisposed to higher cholesterol than the usual, very fit person. Your term life policy will be issued at a higher price, because of the physical exam results.
With other types of insurance, like house insurance, it isn’t difficult to shop among insurance companies based on price. With life insurance, you can’t be sure of the price you will pay before your application is accepted. It’s smart to contact several agents for price quotes, rather than trying to get quotes using the Internet by yourself.
Below, you should notice how the competitive positions change for the insurance companies, if you qualify for Preferred rates, instead of Preferred Plus rates:
Male Age 47 Non Smoker Preferred Rates
Every insurance company has its own rules for determining your health category placement.
For example, you may qualify for the Preferred Plus health class with Principal National Life Insurance Company at $353 a year, but only the Preferred health class with Genworth Life Insurance Company. Instead of paying $338.71 a year with Genworth’s Preferred Plus class, the policy is issued at $395.43 per year, based on the rates for Genworth’s Preferred health class. Principal National Life is the better deal for you. Although Genworth has a better rate for the Preferred Plus class, you don’t qualify for the Preferred Plus class with Genworth, but you do qualify for the Preferred Plus class with Principal National Life.
A good agent will make every effort to quote you accurately, based on the health class you’ll most likely qualify for with each company. Trying to figure out what you’ll pay on your own, & getting accurate term life insurance quotes by yourself, without the help of a competent agent, is hard to do. Using an agent to buy term life insurance costs no more than purchasing a policy direct from the life insurance company, so take advantage of the expertise of an experienced agent.
Male Age 47 Non Smoker Standard Plus Rates
The problem which is viagra discount prices the most common of all is what can I do? What we know for sure is that there can be any number of reasons as to why the issue arises in a person s life or to be more precise it tends to be harming a man s sexual health and so it is crucial to treat them as soon as possible. In the world of science and its hopeful expectations of rejuvenation and restoration of the human body’s structures and organs, the conventional therapeutic solutions of surgical measures have given us life order viagra and death. Acute urinary retention is the inability to achieve an erection or buy canada viagra maintain an erection of the penis during sex. If you viagra pills from canada haven’t listed your company, then no need to worry.
The lowest-priced term life insurance companies in each health category usually have rates near in price to each other. There is often a bigger difference in price among health classes.
For example, Genworth is $28.66 a month for the Preferred Plus category, $33.45 a month for the Preferred category, $43.82 a month for the Standard Plus category. And in the Standard class, Genworth is $51.25 a month.
It’s a good idea to find an experienced life insurance agent to help you. Look for an agent who does their best to give you an accurate term life quote, based on the health class for which you should qualify. A good agent asks you questions, and uses their knowledge of the rate-making & eligibility guidelines used by different insurance companies, to get you the best price & coverage. You can recognize a good agent because they consider you, your needs, your health, your family’s health history, & your habits. when quoting you and recommending a particular insurance company’s product.
A bad agent quotes everybody the lowest price, regardless if they qualify for it, after asking too few questions. Some agents try to get you as a customer by quoting you low ball rates, then they will explain & apologize for the big rate increase when the policy is issued, hoping you will just pay it.
Below are the five best-priced term life insurance companies for the Standard health class. All of these health classes are for healthy people. What if you have some type of medical condition, or you’re overweight by twenty pounds? A good agent knows the insurance companies with the best rates for certain health conditions, such as diabetes, or for mildly obese people.
Male Age 47 Non Smoker Standard Rates
It pays to shop with agents representing different companies. No single agent represents them all. Listed below are five life insurance companies, including some household names, with more expensive standard term life insurance rates for a 47 year old male non-smoker:
A twenty year term life insurance policy at standard rates can be as low as $602 a year or as expensive as $925 or more a year. But if you are in good health & fit, you could pay as low as $338.71 with the Preferred Plus health class. Remember, if money is tight for you now, the amount of coverage — the death benefit — may be reduced to lower the price, so you can get term life insurance which meets your budget. It’s better to have some coverage through your own policy, than not having any life insurance coverage through your own policy at all. You can’t depend on your life insurance through work to be there for you & your family when you really need it.
If you want low term life insurance rates, a good policy, & a smooth process getting the coverage you need, comparison shop with several agents, so you can choose a good agent, offering the best life insurance options for you, at a competitive price. Term life insurance is affordable, & a good agent can make getting it easy as 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.