30 Year Term Life Insurance Rates

by Jeff Rose on August 31, 2012

30 Year Term Life Insurance RatesWhen buying a new appliance for your home, they always ask you if you want the extended warranty.

Most people shrug this offer off thinking that this extra guarantee is not worth the money.

For some, this extra protection gives them comfort knowing that their investment will be protected.

What if you could buy a warranty that would last 30 years?  Would this take a load of stress off of your shoulders?

Sit back and relax because there is a 30 year term life insurance policy!

30 Year Term Life Insurance Policy

A lot can happen in 30 years; mortgage, kids, new job, and more stress. Buying a 30 year term life policy can relieve some of your stress knowing that you are covered for 30 years. Some people will buy a 10 or 20 year policy trying to save money in the short term. The fact is that while this may save you money in the short term, when you go to renew your policy, your premiums will be much higher. Not to mention if you were to develop a medical condition over that time that may cause a much higher rate or possible decline when you go to renew your policy.

Protection From Future Health Problems.

One of the best benefits from buying a 30 year policy is the protection from any health conditions that may arise in that 30 year period. I have seen several individuals that qualified for preferred plus ratings buy shorter term policies, but due to circumstances out of their control have a deterioration in health. Now if they were to renew their policy, they are going to have a much higher premium because of their health.

Pre-existing Health Conditions

One common fear among individuals applying for a 30 year term policy is if they have a pre-existing health conditions, that they will not get approved. Having a pre-existing condition will not keep you from getting a 30 year policy. Having the condition will mean a higher premium rate.

Do your homework!

One of the best things you can do before applying for a 30 year term policy, is do your homework. Research…..research…….research! If you are going to buy a life insurance contract from an insurance carrier, make sure that they are a highly rated company. Always make sure you are getting the best rate available. If you have a medical condition, make sure your case is shopped around with different insurance companies. No two insurance companies will view your case the same.

Here are a few examples of 30 year term life insurance rates:

SexAGE30Yr Term Life PolicyCompany 1Company 2Company 3
Male25Face amount $250,000Banner Life
$212
Genworth Financial
$225
Minnesota Life
$230
Male35Face amount $250,000Banner Life
$253
Genworth Financial
$260
SBLI
$263
Male45Face amount $250,000Genworth Financial
$518
Banner Life
$520
SBLI
$528
Female25Face amount $250,000SBLI
$178
American General
$179
Minnesota Life
$180
Female35Face amount $250,000Genworth Financial
$223
SBLI
$223
Banner Life
$223
Female45Face amount $250,000SBLI
$420
Banner Life
$423
Genworth Financial
$426
SEXAGE30YR TERM POLICYCOMPANY 1COMPANY 2COMPANY 3
MALE25$500,000 FACE AMOUNTBANNER LIFE
$360
AMERICAN GENERAL
$369
GENWORTH FINANCIAL
$381
MALE35$500,000 FACE AMOUNTBANNER LIFE
$440
GENWORTH FINANCIAL
$442
AMERICAN GENERAL
$454
MALE45$500,000 FACE AMOUNTBANNER LIFE
$975
GENWORTH FINANCIAL
$976
AMERICAN GENERAL
$979
FEMALE25$500,000 FACE AMOUNTAMERICAN GENERAL
$289
ING
$293
SBLI
$295
FEMALE35$500,000 FACE AMOUNTAMERICAN GENERAL
$379
GENWORTH FINANCIAL
$380
BANNER LIFE
$380
FEMALE45$500,000 FACE AMOUNTGENWORTH FINANCIAL
$770
SBLI
$780
BANNER LIFE
$780
SEXAGE30YR TERM POLICYCOMPANY 1COMPANY 2COMPANY 3
MALE25$1,000,000 FACE AMOUNTBANNER LIFE
$645
NORTH AMERICAN CO.
$645
TRANSAMERICA
$650
MALE35$1,000,000 FACE AMOUNTBANNER LIFE
$795
GENWORTH FINANCIAL
$804
ING
$808
MALE45$1,000,000 FACE AMOUNTBANNER LIFE
$1,885
GENWORTH FINANCIAL
$1891
AMERICAN GENERAL
$1,894
FEMALE25$1,000,000 FACE AMOUNTAMERICAN GENERAL
$514
NORTH AMERICA CO.
$515
SBLI
$520
FEMALE35$1,000,000 FACE AMOUNTSBLI
$640
AMERICAN GENERAL
$694
GENWORTH FINANCIAL
$695
FEMALE45$1,000,000 FACE AMOUNTSBLI
$1,450
BANNER LIFE
$1,455
AMERICAN GENERAL
$1,456
If you’re interested in getting a quote a 30-year term policy, be sure to use our free quote engine here on the side. If you think you might have a high-risk condition, then just call us toll free at 855-457-6525 so that we can best assess your situation to make sure to get you connected with the right carrier.

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