Life Insurance At Age 48
If you are shopping for life insurance at age 48, then you
are probably concerned about leaving a financial burden on your loved ones. Most shoppers look for life
insurance at age 48 so that they can lock in a low rate while they are young and in perfect health. Many
parents will also purchase life insurance for their children at this age. One thing you can be sure of is that
you have plenty of choices for life insurance coverage and the cost is very affordable. Learn more about your
options and compare rates from several highly rated carriers.
Life Insurance At Age 48 - Your Options
You have two basic options for life insurance at age 48 - term
life insurance and permanent life insurance. Term life insurance
is temporary coverage that can last anywhere from one year or as long as 30 years, depending on the company that
you choose. Term is very affordable coverage because you can get a lot of coverage for a very reasonable premium.
Unlike term insurance, permanent life insurance will last you for your entire lifetime, as long as you continue to
pay your premiums. Your policy will also accumulate cash value on a tax-deferred basis. Whole life and universal
life are the 2 most common permanent coverage options.
Life Insurance At Age 48 - Sample Rates
Here are a few sample rates for life insurance at age 48. These are based on a non-smoker with a preferred
health rating. Your rate could be lower or higher depending on your situation.
$200,000 20 Year Term Life Insurance:
48 Year Old Male - $637 per year
48 Year Old Female - $487 per year
$100,000 Level Pay Whole Life Insurance:
48 Year Old Male - $1562.00 per year
48 Year Old Female - $1325.00 per year
Keep in mind that the actual rate that you will pay is going to depend on several variables such as your smoking
status, your health history, your family health history, your occupation and hobbies, and even your driving
history. Life insurance companies look at all of these things when determining your eligibility for a policy.
Life Insurance At Age 48 - Health Problems?
Although most 48 year olds have excellent health, there are some people who have pre-existing health conditions
from birth or other things that have developed during childhood or the teenage years. In most cases, you can still
get affordable rates for life insurance at age 48. The type of policy that you can qualify for and the rate you pay
will depend on what that particular health issue is. For example,if you have juvenile diabetes, then some insurers
will offer you a standard rate if your A1C is 7 and below. If you have some heart problems, then you may only
qualify for a guaranteed issue life insurance policy. It is
best to speak with an experienced agent about your particular health situation because he or she can guide you
towards the best carrier for your needs.
Get A Quote Today and Compare Multiple Rates
The first step when shopping for coverage in your forties or at any age is to shop around. Whether you need a
temporary policy for a certain number of years or if you want something permanent that will be there for the
remainder of your life, it is very important to compare quotes from several different companies. This is because
rates can vary by as much as 70% from one carrier to another depending on your age, your health, your smoking
status, and even your driving record. Get started today by comparing multiple
rates from several companies. It takes less than a minute to get closer to peace of mind in knowing that your
family is protected.