Average Life Insurance Blog

low cost average term life insurance programs online

Term life insurance is the most affordable way to safeguard your family’s future. As inexpensive as term life insurance is, there are money-saving tips that will ensure you are paying only the thing you need. Get the most value for your dollar by checking out the following helpful tips that can save you money while still getting great coverage and peace of mind.

 

  1. Get coverage early on – the earlier you buy term life insurance the less your total annual premiums:

Some individuals are gamblers naturally and choose to take their chances by skipping from a life insurance program. Although it is unlikely you’ll die throughout your working years, you’re not insuring for what’s likely to happen but instead, for the worst-case circumstances. That is why term life insurance costs less the younger you are. Additionally, this is why it’s so important to get it now rather than later on because you can provide financial security without spending big money for it.

Cheap term life insurance program online

For example, if we go through the cost to get a $250,000 Term 10 life insurance program you will see how delaying investing in a policy by simply a few years may cost you more in twelve-monthly premiums.

 

For male non-smokers*:

A 35 year-old gets quotes for less than $195 per yr for a 10-12 months total cost of $1,950.

A 40 year-old may get quotes for less than $263 per season for a 10-year total cost of $2,630.

A 45 year-old may get quotes for less than $373 per 12 months for a 10-time total cost of $3,730.

 

For female non-smokers*:

A 35 year-old may get quotes for as little as $165 per the calendar year for a 10-season total cost of $1,650.

A 40 year-old gets quotes for less than $210 per time for a 10-season total cost of $2,100.

A 45 year-old gets quotes for as little as $270 per year for a 10-season total cost of $2,700.

 

* Lowest estimate found online from Feb 2016 for a 10-year term coverage, one of the most popular life insurance products. Monthly premiums shown will be the rates if paid annually.

 

  1. When your years isn’t really your actual age:

The next birthday may be 6 months away however in the eyes of most life insurers you’ve already striking that next mysterious number. Whenever you get a life insurance quote, the rate you receive is dependant on the age you are closest to which, 50 percent of the time is your actual age at your next birthday. From the term called “Age Nearest”, and that half-year price increase could really add up. See the difference yourself.

cheapest low cost best whole group average term life insurance programs online

For a male non-smoker*:

 

A 39 year-old gets quotes for less than $248 per season for a 10-year total cost of $2,480

A 40 year-old gets quotes for as little as $263 per calendar year for a 10-yr total cost of $2,630.

 

A cost savings of $150

 

A 44 year-old gets quotes for as little as $345 per yr for a 10-calendar year total cost of $3,450.

A 45 year-old may get quotes for as little as $373 per calendar year for a 10-yr total cost of $3,730.

 

A personal savings of $280

 

For a lady non-smoker*:

 

A 39 year-old may get quotes for less than $200 per calendar year for a 10-season total cost of $2,000

A 40 year-old gets quotes for less than $210 per year for a 10-yr total cost of $2,100.

 

A personal savings of $100

 

A 44 year-old may get quotes for less than $255 per 12 months for a 10-calendar year total cost of $2,550.

A 45 year-old may get quotes for as little as $270 per season for a 10-12 months total cost of $2,700.

 

A cost savings of $150

 

* Lowest offer online in January 2016 for a 10-year term life insurance program. Premiums shown will be the rates if paid annually.

Low cost term life insurance programs online for seniors

  1. If you are a smoker ask about incentive programs targeted at helping you finally quit:

While not all life insurance companies offer incentive programs to help you give up, some do and may save you money if you are considering buying life insurance and quitting smoking. For example, one such company will refund you an amount equal to the difference between the rates you already paid as a cigarette smoker and those you’ll have paid expecting you not to have smoked. Also, once you quit smoking, this same company will change your payments to non-smoking rates based on the age you were when you bought the insurance program, not the age since you quit!

 

  1. Check out your repayment/billing options:

Many life insurance companies make discounts available to consumers who pay their annual programs up front. If you have this amount of money handy, you might save an additional 10 percent off your policy’s premium each year. For instance:

 

–              A 35 year-old guy with $250,000 in coverage pays $195 in advance per year for a whole life insurance program. If paid in monthly installments, however, the gross annual prime jumps to about $215. Paying up front can save this person $200 per year!

 

–              A 40 year-old men with $250,000 in coverage pay $263 in advance per year for life insurance coverage. If paid in monthly payments, however, the total annual premium jumps to about $288. Paying in advance can save this person $250 per year!

 

–              A 45 year-old male with $250,000 in coverage can pay $373 upfront per year for life insurance coverage. If paid in monthly installments, however, the total annual prime jumps to about $407. Paying in advance can save this person $34 per 12 months!

 

Life insurance programs made even Cheaper:

With these money-saving tips in hand, Term Life insurance is more affordable than ever. There is absolutely no better time than now to get the coverage you and your family needs.

 

 

 

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