Life Insurance for a 30 year old woman

Life Insurance for a 30 year old woman

Purchasing a life insurance policy may not be at the forefront of your mind when you turn 30, but the truth is that this is a great time to apply. At this point in your life, you have most likely settled into a career. This is also the time where many people these days get married and start families. While it is unlikely that you will pass away any time soon, the reality is that anything can happen and you need to be prepared.

If you are a 30-year-old female, you have a variety of insurance options— perhaps more than many people who are older than you.

Greater Coverage Amounts and Term Lengths

As you get older, your coverage options become more limited. After all, someone who is 60 years old likely will not have dependents for much longer (if they still do have them), and the average lifespan does not see age 90. You, on the other hand, are half of that age and have a much greater need for a 20 or 30-year policy. Basically, you are far more eligible at this point in your life for long term lengths and larger death benefit payouts. Since you are young and a woman, your rates are also going to be generally lower than people who are older or are males.

Life Insurance Rate Examples for a 30 Year Old Woman

Let’s say Jenna is a 30-year-old woman debating between a $250,000 policy and a $500,000 policy. She is also unsure of whether or not she wants a 20-year term or a 30-year term. As a non-smoker who is in good health, she is eligible for the best rates. Here are some examples of what she is likely to be offered:

  • $250,000 policy for 20 years: From $12 to $25 a month

  • $250,000 policy for 30 years: From $16 to $35 a month

  • $500,000 policy for 20 years: From $19 to $31 a month

  • $500,000 policy for 30 years: From $26 to $39 a month

No Medical Exam Policies

You may have heard that to get a life insurance policy, you need a medical exam. However, this is not necessarily the case when you are 30 years old. With American National and Fidelity Life, for example, you may be eligible to be quickly approved for a $250,000 policy without getting a medical exam. Here are some examples of rates for no exam policies for a $250,000 policy:

  • American National: $25 a month for a 20-year term, $35 a month for a 30-year term

  • Fidelity Life: $37.63 a month for a 20-year term, $54.16 a month for a 30-year term

Now, the decision of whether or not to go for a no exam policy is up to you. Some of the pros are that you can get approved very quickly (usually in one to two days with Fidelity Life) and you can get approved even with health conditions. On the other hand, if you are healthy then you can get better rates with a policy that does require an exam. Additionally, if you have a pre-existing condition like Crohn’s disease, hepatitis c or multiple sclerosis, you will need to get a medical exam. And as you can see from the above examples, the rates are generally higher for no exam policies.

We work with over 60 different insurance companies to find the best coverage for you. If you are a 30-year-old woman and would like to learn more about your term life insurance options, please contact us at 888-411-1329 or fill out our online contact form. You can also start comparing rates online today using the quote form on this page.

Michael Quinn

Michael Quinn is the founder of LifeInsuranceBlog. If you have specific questions or face challenges getting coverage. Please email or call me a call at 888-411-1329 - Either way, I'm happy to help you.

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