Top Life Insurance Rates for a 40 Year Old

Top Life Insurance Rates for a 40 Year Old

Finding affordable life insurance in your 40s is quite possible, but you need to know which companies look most favorably toward your situation.  Age is just one of the factors that companies use to determine your rates. These rates can vary significantly from each life insurance company. Life insurance isn’t standardized when it comes to underwriting. Each life insurance company uses their own underwriting guidelines. This means that every life insurance company has a potential niche where they can offer the lowest rate. So how will you know if you selecting the best life insurance company for your age and situation?

There’s no better time to secure life insurance coverage. Term life insurance rates are at an all time low.  Since you’re in your 40s, you should not have difficulty securing an affordable policy. It’s vital to the consumer that they know that not every life insurance company will view their lifestyle, health, and age the same. At Life Insurance Blog, we focus and find the best companies based on you. By doing this, we help our clients find the best company based on their unique situation and needs.

Life Insurance At Age 40

Purchasing term life insurance at age 40 typically will not be difficult. Life insurance continually gets less expensive due to people living longer, advancements in medicine and life insurance competition. With that said, when looking for the best life insurance rates by age, you need to be aware of several things prior to putting in an application.

  • Choosing the best term life insurance policy at age 40?
  • Should I get a policy that requires a medical exam or a No Exam policy?
  • Is there a benefit with shopping directly with the insurance company?

Choosing the best term life insurance policy at age 40?

Each individual is different, however 15 and 30 term life insurance policies are very common. Begin by asking what is the purpose of this policy? We have clients that choose 10 year term because their mortgage is almost paid for and their children are almost in college (which was paid for). 30 year term is also common depending on your family’s needs.

Do you have a significant amount on your mortgage? Will your income be difficult to replace? Will your policy need to help pay for your children’s education?  These are decisions that you need to make.  We provide you all of your options and will absolutely help you make the proper decision for your family and you- but it’s ultimately your decision.

Perhaps term life insurance isn’t appropriate for your goals. Maybe you looking for life insurance that won’t expire. Guaranteed Universal Life insurance would provide you coverage to a specific age.  GUL policies can be purchased to cover you all the way up to age 121. This option is great for those that want peace of mind knowing they will always have life insurance coverage.

Should I get a policy that requires a Medical Exam or a No Exam policy?

Purchasing a life insurance policy with a medical exam is the traditional way people buy coverage. If this is your first time purchasing life insurance, you may feel this is your best option. The typical medical exam consists of the examiner gathering the following information:

  • Height
  • Weight
  • Cholesterol
  • Blood Pressure
  • Blood Sample
  • Urine Sample

Think of the medical exam as a physical.  All of this information will be sent off to the company you chose to apply with. You will not be charged for this medical exam. It is paid for by either your Agent or the Life Insurance company.

We’re getting ahead of ourselves, so let’s back up a bit. Prior to your application and medical exam, your agent needs to gather as much information about your health and lifestyle. A good agent will do this in order to quote you correctly and estimate which health class you should qualify for.  If you’re honest and provide them with this information, your quote should be accurate.

Fast forward to the medical exam results. The life insurance company analyzes the medical exam results and also your past medical history (Physician notes, medication history, MVR reports, etc.).  Unless something pops up in your medical exam or health history, your original quote should be accurate.

Now, what if something does pop up on the medical exam or health history? You are more than likely going to have an increase in your premium if an offer is provided. You may even be denied a policy altogether.

The benefit of No Exam life insurance

There are people who don’t want a medical exam.  Some prefer the convenience and speed of a No Medical Exam life insurance policy.  These policies typically have a much shorter application process.  They consist of a list of medical questions, a medication database check, and a motor vehicle report.

Is there a benefit with shopping directly with the insurance company?


That’s the short answer.  The long answer is that each life insurance company will submit their life insurance rates for approval to each state’s insurance department. The life insurance company will come up with their rates before they submit them. Once they are approved, they must sell the policy at that rate. You will not get a different rate based on where you purchase the policy.

So when you apply with a company directly, you are subjecting yourself to that company’s underwriting rules. How are you going to know if you’re receiving the best rate on the market if you use only one company? You won’t. This is especially true if you have a health condition, use a certain medication, or have something that may effect underwriting.

The only way you can feel confident that you are getting the best life insurance rate is by working with an independent agent. Independent agents are not stuck with one company. They should have access to multiple companies.

At Life Insurance Blog, we work with over 40 top rated life insurance companies to make sure we find the best chance of coverage at the best price. This gives our clients the best chance at securing affordable coverage.

Sample Life Insurance Rates for 40 year olds

Below are sample term life insurance rates for Non Smokers. 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.

Term life insurance rates for a 40 year old Male with a Preferred Plus Health Rating. 

10 Year Term 15 Year Term 20 Year Term 30 Year Term
$50,000 $10.89 $11.84 $13.14 $20.61
$100,000 $8.37 $9.34 $11.46 $18.20
$250,000 $11.71 $13.17 $18.18 $30.94
$500,000 $18.20 $20.69 $29.36 $53.95
$750,000 $25.77 $31.03 $43.16 $79.70
$1,000,000 $29.06 $35.61 $52.78 $102.34
$2,000,000 $56.18  $71.22 $105.88 $200.45


Term life insurance rates for a 40 year old Female Preferred Plus Health Rating.

Age 10 Year Term 15 Year Term 20 Year Term 30 Year Term
$50,000 $9.99

Term life insurance rates for a 40 year old Male Standard Health Rating.

Age 10 Year Term 15 Year Term 20 Year Term 30 Year Term
$50,000 $10.67 $15.48 $20.46 $24.97
$100,000 $10.67 $15.48 $20.46 $24.98
$250,000 $13.17 $20.69 $31.03 $35.61
$500,000 $33.38 $60.28 $87.56 $111.21
$750,000 $81.84 $152.50 $68.67 $287.53
$1,000,000 $235.62 $462.88 $690.14 $889.24


Term life insurance rates for a 40 year old Female Standard Health Rating.

Age 10 Year Term 15 Year Term 20 Year Term 30 Year Term
$50,000 $10.67 $15.48 $20.46 $24.97
$100,000 $10.67 $15.48 $20.46 $24.98
$250,000 $13.17 $20.69 $31.03 $35.61
$500,000 $33.38 $60.28 $87.56 $111.21
$750,000 $81.84 $152.50 $68.67 $287.53
$1,000,000 $235.62 $462.88 $690.14 $889.24

Bottom line

Thanks for reading our post, Top Life Insurance Rates for a 40 Year Old. No matter your situation, always work with an independent life insurance agent. Life Insurance Blog works with more than 40 of the best life insurance companies on the market. Compare rates on our site, or simply pick up the phone and give us a call at 888-411-1329 for a quote customized specifically for you.


Share on facebook
Share on reddit
Share on twitter
Share on linkedin
Share on pinterest
Share on email
Michael Quinn

Michael Quinn

Michael is owner & life insurance expert at Life Insurance Blog where we've helped thousands of shoppers learn and secure affordable life insurance online.
Simple way to compare and buy life insurance

The Simple way to compare and buy life insurance

Leave a Comment

Your email address will not be published. Required fields are marked *