Inexpensive Life Insurance for 45 Year Olds

Inexpensive Life Insurance for 45 Year Olds
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    Are you finding it challenging trying to choose the right insurer with the best life insurance company ratings? Are you 45 or above and looking for great coverage at a reasonable rate? Do you like options or simply want a cheap term life insurance policy? If you’ve answered yes to any of these questions, then keep reading.

    How to find inexpensive life insurance at age 45

    Get the best deal for your age – whether it’s a Non Medical Exam life insurance or a policy that requires a medical exam. Our goal is to help you find the best rated and trusted insurance companies that you can qualify for. 

    What do Nat King Cole, Freddy Mercury, and Ricky Nelson all have in common? They all passed away at the age of 45.

    Sample Life Insurance Rates for 45 year olds

    Everyone wants to know how much coverage will cost – so let’s start with sample quotes! We’ll then go over how to get the lowest rates.

    Below are sample term life insurance rates for Non Smokers. The majority of these quotes require a medical exam (However, several of the Standard rates are Non Medical exam). The rates are organized by gender and health class ratings (Preferred Plus and Standard health classes). If you use tobacco, you can approximate your rate by doubling the rates listed below.

    What are some of the best term life companies for a 45 year old?

    Finding the company that is the right fit for you depends on your health, your history (health and lifestyle) including family history, age and weight and height. It also depends on your desired amount of coverage and the length of your term. LifeInsuranceBlog can help you figure out the life insurance company that will be best based on these variables.

    These companies generally have the cheapest rates and best term coverage for the 40’s age bracket.

    Can I still get life insurance at age 45?

    Of course!

    When you’re 45, you still have many choices available to you. Inexpensive life insurance is very common for most 45 year olds. You shouldn’t delay in purchasing however. You’re getting closer to the age where rates begin to rise quickly.

    Now are you buying for the first time? Or perhaps you have already purchased life insurance and you need extra coverage for your family. The good news is you can still get it cheap at 45 if you use the right agent who asks you the right questions. Now it can also be unexpectedly expensive and very time consuming if you follow the wrong advice or use the wrong agent. 

    Shopping Advice

    So now, let’s get started with how we can find out how to get the best term life insurance deal.  This is extremely important if you are 45. If you follow some of our simple steps, you’ll feel confident in understanding how to get affordable coverage. You’ll be putting yourself in the best situation to secure the best rates available.

    1.  A life insurance medical exam might be a bad idea

    Have you consistently seen your physician? Do you keep up with your annual physicals with your doctor? If not, you really don’t want to get diagnosed of any extra illness by the life insurance company. Illnesses like high blood pressure, diabetes, high cholesterol, etc. can cause higher life insurance premiums. You need to be sure of yourself. You need to know your health status before applying to any life insurance company. Don’t let them diagnose you with any illness that people suffer in their 40s.

    Now if you’re completely healthy and consistently go to your doctor, a medical exam is a great option. The medical exam is just like an annual physical with your doctor. If you opt for a life insurance policy that requires an exam, the insurance company will pay for.  The life insurance exam basically provides the insurance company with how much a risk you pose before they offer you a policy.

    The examination result is a guide that will determine your health class rating and if the insurance company will be willing to insure you. Your medical history and medication history is available to all the life insurance companies to assess your risk.

    This is why you need to be aware of your choices, so you can select the type of policy that best suits your needs.

    Life Insurance Blog focuses on providing you all of the life insurance options with or without medical exams. Every company will have different qualifying criteria whether you select a Medical or Non Medical option.  Non Medical policies typically are more expensive when compared to policies with an exam. However, this is changing as more and more companies are offering Non Med options. This competition is driving the costs down and are often comparable to some medical exam policies.

    2.  Don’t procrastinate buying life insurance

    The more you delay the purchase of your life insurance, the more costly it becomes. Simply put, your age is a major factor in determining your rate. Right now is the cheapest time to secure life insurance unless a postponement is recommended. 

    It might be a good idea to wait getting insurance in some situations like; 

    • When you have a serious medical situation that won’t permit you get underwritten by an insurance company.
    • Waiting for a year or two because you are a tobacco user and want to quit.
    • When you have a DUI or major driving violations and you need to show a good history.

    But if you are not faced with any of these challenges, you should work with an independent agent ASAP and apply. Delaying will only cost you more.

    3.   Life insurance companies all have their niches

    Life insurance carriers all provide the same function – a death benefit. However, they all have different qualifying criteria. This simply means that each company looks at you differently in order to qualify you. This is very confusing for the consumer, but provides excellent opportunities for savings – or worse- extremely high premiums.

    It all depends on if your agent has access to a number of companies and asks you the right questions.   You may have a medical condition that some companies will deny you coverage while some other companies will provide you coverage at excellent rates.

    What is important is that these insurance companies operate like every other business. They need to react to the market and their competition. This competition creates excellent opportunities for consumers to secure life insurance at a low cost.

    4.  Deal directly with an independent agent – Not the insurance company

    Working with an independent life insurance agent is probably the most important tip when shopping for life insurance. Consumers do not have the resources or ability to shop the entire market. Most consumers start contacting life insurance companies directly and get a handful of quotes. Most people have no idea if they can qualify for those quotes and if those rates are the best available based on their health and lifestyle.

    An independent agent will get to know you by asking you the important questions about your health and lifestyle. They will then shop your case from multiple companies – Life Insurance Blog has access to dozens of top rated companies.

    our agent will be able to show you who offers the best Medical exam and Non Medical exam options. Working with an agent that has your best interest in mind and takes the time is key.  Do not apply with an agent or agency that does not ask you specific questions about your health history and lifestyle. These agents and agencies will be unethically quoting you Preferred Plus rates that you very well may not qualify for.

    Don’t stress

    If you’re getting overwhelmed, then contact Life Insurance Blog. You won’t have to stress about if you’re applying with the wrong company. We’re totally dedicated to our clients. We walk you through the process from start to finish and answer all of your questions. We’ll also make sure that the coverage amount is suitable and affordable for you.

    We will assign you your own personal agent to you as soon as you sign-up to work with us. Your agent will assist you through the application process successfully, easily and conveniently over the phone or from your computer. The agent will continue to alert you on new updates in regards to your application, and they will help you review your application once your receive your approval to make sure you are getting the best rate.


    No matter your situation, always work with an independent life insurance agent. LifeInsuranceBlog represents more than 60 of the top life insurance companies available. Compare rates on our site, or simply pick up the phone and give us a call for a quote customized specifically for you.

    Thanks for reading our post, Inexpensive Life Insurance for 45 Year Olds. Please leave a comment or question down below.

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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