November, 23 2017

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Best Life Insurance Companies for Males Over 40

Best Life Insurance Companies for Males Over 40

  • Price
  • Underwriting
  • Financial Strength

The best life insurance companies for males over 40 are highly rated, offer low rates and have favorable underwriting guidelines.  This will ensure you get the best policy to protect your family.

Best Life Insurance Companies for Males Over 40

Once a man reaches the age of 40, most likely he has a family to support and the need for life insurance becomes very apparent.  But with so many life insurance companies out there to choose from which is the best one?  Well, here is an insider tip when it comes to life insurance, you can shop mostly on price.  Life insurance is one of the most regulated industries in America, so as long as you choose an insurer that is “A” (Excellent) rated or better by A.M. Best and pay your premiums on time, your family will receive the death benefit if anything happens to you. 

Also, use sites like one to help you compare the rates for many different companies and also compare the financial ratings, Comdex ranking, length of time the company has been in business, the pros and cons and other important factors that you want to know when selecting your life insurance company. 

So how much life insurance cost for a male over the age of 40?  Let’s take a look at the best prices and companies for a male in his 40’s (41, 42, 43, 44, 45, 46, 47, 48, and 49).

What are the different types of life insurance available for a male over age of 40?

Term Life Insurance

Term life insurance is the most popular type of life insurance in America, and in most instances will be the best policy for a male in his 40’s.  This is because term life insurance will provide the most amount of life insurance protection at the lowest price.  You get the “most bang for your life insurance buck” if you will.  When you are younger and have a family dependent upon you and your paycheck, this is when you need the most amount of coverage.  Term life insurance allows you to provide the most amount of financial protection for your family for pennies on the dollar.  Below are some sample rates for the different terms and policy amounts.

Term Life Insurance Quotes for a 40 Year Old Male

Age 40 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $8.98   $12.74      $19.26      $25.79     $32.31

15 Year   $10.33  $15.15      $24.33     $25.13      $42.61

20 Year  $12.34   $20.04     $34.04     $48.26      $61.20

30 Year   $19.51  $34.20      $60.75    $87.30     $112.05

Term Life Insurance Quotes for a 41 Year Old Male

Age 41 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $9.45   $13.86    $21.51      $29.16     $36.81

15 Year   $11.11  $16.95     $27.73    $39.73      $49.21

20 Year  $13.30   $22.01     $37.98    $54.16      $69.48

30 Year   $21.00  $36.90      $66.15    $95.40     $1122.85

Term Life Insurance Quotes for a 42 Year Old Male

Age 42 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $9.97   $14.99      $23.76     $32.54     $41.31

15 Year   $11.99  $19.03     $31.46  $  45.63      $56.47

20 Year  $14.35   $24.41     $41.98     $61.38      $77.43

30 Year   $22.44  $40.28      $72.90    $105.53    $137.25

Term Life Insurance Quotes for a 43 Year Old Male

Age 40 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $10.53   $16.34     $26.46      $36.59    $45.81

15 Year   $12.95  $21.00    $35.57     $53.46      $64.44

20 Year  $15.58   $26.69    $46.73     $68.60     $86.75

30 Year   $23.67  $42.98     $78.30    $113.63    $147.15

Term Life Insurance Quotes for a 44 Year Old Male

Age 40 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $11.14 $17.91      $29.61     $41.31     $48.82

15 Year   $13.83  $23.19     $41.76    $59.54     $73.35

20 Year  $16.71   $30.29    $54.00    $77.18      $98.55

30 Year   $25.08  $46.58     $85.50    $124.43    $160.65

Term Life Insurance Quotes for a 45 Year Old Male

Age 45 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $11.68   $19.26      $32.31    $45.36    $53.35

15 Year   $14.79  $24.98      $42.30     $59.63     $75.15

20 Year  $17.85   $31.95     $56.25     $80.55     $104.85

30 Year   $27.02  $49.95      $92.25   $134.55     $175.95

Term Life Insurance Quotes for a 46 Year Old Male

Age 46 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $12.29   $19.71     $33.79    $50.76    $58.40

15 Year   $15.89  $27.00     $46.35     $65.70     $84.15

20 Year  $19.08   $34.65   $61.65     $88.65     $114.75

30 Year   $29.22  $53.78      $99.90  $146.03     $190.35

Term Life Insurance Quotes for a 47 Year Old Male

Age 47 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $12.94   $21.09    $36.43    $55.49   $63.80

15 Year   $16.98  $29.25   $50.85     $72.45     $92.25

20 Year  $20.30   $37.13   $66.60    $96.08    $125.55

30 Year   $31.68  $58.73    $109.90  $160.88    $210.15

Term Life Insurance Quotes for a 48 Year Old Male

Age 48 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $13.65  $22.61      $39.36     $58.34     $69.78

15 Year   $18.20  $31.54      $55.80     $79.88      $103.05

20 Year  $21.70   $40.64     $74.25     $107.55     $139.05

30 Year   $34.50  $63.90     $120.15   $176.40     $230.85

Term Life Insurance Quotes for a 49 Year Old Male

Age 49 $100,000 $250,000 $500,000 $750,000 $1,000,000

10 Year   $14.44   $24.29     $42.58    $64.09    $76.35

15 Year   $19.43 $134.34     $61.65  $88.65      $113.85

20 Year  $23.36   $44.01     $80.55     $117.00     $151.65

30 Year   $37.66 $69.30       $130.95    $192.60    $253.35

 

Universal Life- No Lapse Guarantee

No-lapse guarantee universal life insurance is similar to term life insurance in that the premiums and coverage amount are fixed; however, unlike term life insurance, no-lapse universal life has a cash value and you can set the expiration date all the way up until the age of 121. The downside of this policy is the cost.  As you can see below, the price for no-lapse universal life is much more expensive than term life.  This is why most financial advisors recommend term life insurance, especially for a male in his 40’s.  Insider tip– most term life insurance policies have a conversion option build it for free.  This means you can convert some or all of your term policy to a no-lapse guarantee policy in the future (typically has to be done before age 70). 

Universal Life- No Lapse Guarantee Quote for a 40 Year Old Male

$250,000 no lapse guarantee to age 121: AIG-American General= $133.66

Simplified Issue (No Medical Exam)

No medical exam life insurance, known as simplified issue life insurance, allows you to purchase life insurance without undergoing a physical.  However, since the life insurance company is not verifying your health, the prices on these policies are higher.  Also, the amount of life insurance available is reduced with policy amounts capping out typically at to $350,000. 

Simplified Issue (No Medical Exam) Life Insurance Quotes for a 40 Year Old Male

Age 40  $250,000 

10 Year=  $19.71

15 Year=  $24.10

20 Year=  $30.49

 

Whole Life Insurance

Whole life insurance has level premiums and coverage for as long as you live, with an accumulation of cash value.  However, whole life insurance is very expensive and can have high fees in comparison to term life insurance.  This is why many financial experts such as Dave Ramsey, Suze Orman and Clark Howard recommend term life insurance and to invest the difference yourself.

Whole Life Insurance Quotes for a 40 Year Old Male

$250,000 40 year old male in excellent health= $342.78 month.

 

Accidental Death (AD)

This coverage only pays out if you die as the result of an accident.  Typically the payout is double if the death occurs while on a common carrier (pay a fare to ride) such as taxi, airplane, bus, etc.  This policy doesn’t require a medical exam since it doesn’t cover natural causes such as heart attack, stroke, cancer, old age, etc.  This policy is usually for someone who can’t get regular life insurance due to a health condition or are just looking for travel insurance.

Accidental Death Life Insurance Quotes for a 40 Year Old Male

40 Year old

$250,000= $26.32

$500,000= $47.85

 

The best life insurance for a male in his 40’s

The best life insurance companies for males over 40 offer term life insurance, universal life- no lapse guarantee, simplified issue (no medical exam), whole insurance and accidental death.  In most instances, term life insurance is the best policy to protect your family if you’re a male over the age of 40 (41, 42, 43, 44, 45, 46, 47, 48 and 49).   You get the most amount of coverage at the lowest price, with an option to convert to permanent insurance in the future.  Of course every situation is unique and it’s best to use sites like this one to compare the different companies and prices.  It’s also it’s advisable to work with an experienced agent who can go over all your options and help you choose the best policy to protect your family and to help you achieve financial goals.

 

*All the sample quotes shown above are at the preferred plus health class, non-smoker, per month