Term life insurance for a 40 year old female

How Much Does Life Insurance Cost?

If you are a 40 year old female, non-smoker in good health, you can expect to pay around $8.08 per month for $100,000 of 10-year term insurance. More sample rates at different policy face amounts can be found in the table below. The rates shown are the best rates drawn from a survey of dozens of life insurance companies and hundreds of policies. Hopefully, this gives you a starting point in your search. If you would like to see more options please feel free to use our rate quoter service to do your own term life insurance rate comparisons

Now that you've seen some sample life insurance rates... the first step to being a smart life-insurance buyer is to look at the factors that can affect life insurance rates. The type of life insurance is a major factor that determines cost. Permanent plans like Whole Life and Universal Life are usually far more expensive than Term Life insurance.

So what type of life insurance is best? Term insurance is the cheapest, and is usually most appropriate for most people. It isn’t always the best solution, but whether or not some other type of life insurance might better serve your needs is beyond the scope of this short article. So, our focus here will be on term life insurance.

OK, so how much will term life insurance cost for me? Term life insurance rates are determined by a number of factors, including age, gender, nicotine usage, overall health and lifestyle factors, length of term, and additional policy features. So let's take a closer look at those...

• Age is a pretty straightforward question. As we get older and closer to life expectancy, rates will go up.
• Gender comes into play because on average, women tend to live longer than men, thus the rates for life insurance are usually lower for women.
• The government has been warning us of the risks of tobacco usage since 1966. Since then, the evidence has continued to mount that tobacco (and specifically nicotine) usage increases both morbidity (health problems) and mortality (death rates). Therefore, rates for smokers tend to be substantially higher than the rates for non-smokers. Some companies will give better deals to people who are ‘social’ smokers or ‘occasionally’ use non-cigarette types of tobacco (like cigars). If that describes you, then you could save 50% or more by going with the right company. This illustrates why it is important to work with the life insurance experts at Eterm.com. We will always work hard to get you the best possible rate.
• Health factors are important when they affect mortality (death rates). Many health conditions (like high blood pressure, high cholesterol, or diabetes) can lower life expectancy. But an individual who does their best to control a condition is probably a better risk than someone who doesn’t. Again, the professionals at Eterm.com will help you sort that out.
• Lifestyle can impact term life insurance rates positively or negatively. If you have a healthy lifestyle, you may very well qualify for the best rates available. On the other hand, if you are into extreme, risky, life-threatening sports, you may have to pay higher rates for the additional risk.
• Length of term is easy... a term policy with a 30-year level rate is going to be more expensive than one with a 10-year level rate. Feel free to use our rate quoter service to do your own term life insurance rate comparisons.
• Rates can also be affected by additional policy features like riders for dependents or disability premium waivers. Features like Long Term Care riders can be very beneficial as we get older and are included free on some term life insurance policies. And it is always very important to discuss and understand conversion options before you buy a policy. 'Conversion' is the option to exchange your policy for one with a longer term without going through the underwriting process again and is extremely beneficial if you experience a change in health. We have saved many of our clients thousands of dollars by understanding and utilizing this feature.

How do I qualify? To qualify for the best term life insurance rates, you will go through an underwriting process. In short, that means that the insurance company will determine the rate you qualify for after collecting and reviewing some personal data. (Note: your data is protected by stringent privacy laws.) You will need to complete an application that includes health and lifestyle questions, and a paramedical exam which usually includes blood and urine testing. In addition, the company may request medical records from your doctor or other information. Our experienced, licensed agents can guide you through the process and make it as painless as possible to get the coverage you need. Just call us at (888) 823-8376.

At this point you may be thinking that you would like a more ‘simplified’ underwriting process. Good news... there are life insurance plans that require little or no underwriting. Bad news... they cost more. If you think you might be interested, call us at (888) 823-8376 and one of our licensed, salaried life insurance professionals will help you.

CIGI Direct and Eterm.com specialize in helping you find and buy the low-cost term life insurance that you need. When you are shopping and looking at life insurance quotes, remember that anyone can quote you a low term life insurance rate. But will you qualify for it? And is it the best policy, with the right features for your personal situation? Underwriting and policy features vary by company and even different plans from the same company can have different features. One company might be a better choice for someone with high-blood pressure for example. Or a different plan might offer a better free conversion option. Our experienced, licensed Life Insurance Professionals will help fit you with the best company and term life insurance product for your needs. We have been in business for over 39 years by putting the needs of our clients first.

As a free service to you, we provide our Free, Online Term Life Insurance Rate Quoter. For personal service, or when you are ready to buy, give us a call at(888) 823-8376, or drop us a message through the web site. We will do our very best to assist you in securing the level term life insurance that you need. That is the CIGI Direct promise.

To see more sample 10-year term life insurance rates...