September, 23 2017

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Best Life Insurance Companies by Age

Best Life Insurance Companies by Age

Best Life Insurance Companies by Age

When shopping for life insurance it’s important to choose the right company or else you could end up significantly overpaying for your life insurance policy.  Many consumers don’t realize that prices can vary by fifty percent or more for the same exact policy.  There are many different factors that will determine your rate such as your; age, height and weight, medical history, medications, occupation, hobbies, family history, driving history and even bankruptcy history.  For the purposes of the article we will show you some of the best life insurance companies by age.

Age 20

$500,000 20 year term policy- preferred plus rate class-male

  1. Ohio National $20.33  A+ Rated
  2. SBLI Savings Bank Life Insurance $20.45 A+ Rated
  3. Banner Life $21.00 A+ Rated
  4. American General Life Insurance $21.35  A+ Rated
  5. Royal Neighbors of America  $20.42 A- Rated

Age 30

$500,000 20 year term policy- preferred plus rate class-male

  1. American General Life Insurance $21.35  A Rated
  2. Ohio National Life Insurance $21.19 A+ Rated
  3. SBLI Savings Bank Life Insurance $21.32 A+ Rated
  4. Banner Life $21.88  A+ Rated
  5. Protective Life  $21.59 A+ Rated

Age 40

$500,000 20 year term policy- preferred plus rate class-male

  1. Ohio National $32.87  A+ Rated
  2. Cincinnati Life Insurance Company $33.88 A Rated
  3. American General Life $34.04 A Rated
  4. Protective Life $34.06 A+ Rated
  5. Genworth Life $35.00 A Rated

Age 50

$250,000 20 year term policy- preferred rate class-male

  1. Columbus Life $53.76 A+ Rated
  2. Cincinnati Life Insurance Company $55.66 A Rated
  3. Banner Life $56.00 A+ Rated
  4. American General Life $56.09 A Rated
  5. Genworth Life $57.09 A Rated

Age 60

$100,000 20 year term policy- preferred rate class-male

  1. Cinncinnati Life $66.44 A+ Rated
  2. Ohio National Life $70.67 A+ Rated
  3. Prudential $74.70 A+ Rated
  4. Transamerica $72.98 A+ Rated
  5. Banner Life $73.85 A+ Rated

Age 70

$100,000 10 year term policy- preferred rate class-male

  1. Cinncinnati Life $109.12 A Rated
  2. Ohio National $109.16 A+ Rated
  3. Royal Neighbors of America $ 109.16 A- Rated
  4. Genworth $119.53 A Rated
  5. Banner Life $119.70 A+ Rated

 Age 80

$10,000 senior plan for an 80 year old senior male in fair health

  1. American Memorial $120.85 A Rated
  2. Lafayette Life    $ 123.32 A+ Rated
  3. Oxford Life Insurance Company $135.98 B++ Rated
  4. Foresters $138.74 A Rated
  5. Monumental Life $140.20 A+ Rated

Age 80

$10,000 graded death benefit (2 year waiting period) for an 80 year old senior male in in poor health

  1. AARP Life Insurance-NY Life $105.17 A++ Rated
  2. Mutual of Omaha $121.00  A+ Rated

 Age 85

$10,000 graded death benefit (2 year waiting period) for an 80 year old senior male in in poor health

  1. Mutual of Omaha $166.00  A+ Rated

Conclusion

Choosing the best life insurance company by age is just one of the many different criteria that will go into selecting the right life insurance company.  Since there are other factors such as your health, family history and driving record it’s important to shop around and receive multiple rate quotes from different brokers to ensure you are really selecting the best company.