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Term Life Insurance Rates for 40-Year-Olds

40 year old

Turning forty can be a significant milestone in life. It is a time of self-reflection and goal-setting to create the life that you desire

Before you can really begin to pursue the life that you envision, you must ensure that the necessary safety nets are in place. That includes taking the step to ensure that you and your loved ones are financially secure, and that means looking into term life insurance. As a forty-year-old, you need to know the information and options that will help you make the best decision for your financial future

In this article, we’ll look at how much term life insurance is available for forty-year-olds, so you can make sure you’re prepared for whatever comes your way.

Table of Contents

20-Year Term Life Insurance Cost (Men; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40MenNo20 Years$25,000Mutual of Omaha$14
40MenNo20 Years$50,000Prosperity Life$18
40MenNo20 Years$100,000Prosperity Life$29
40MenNo20 Years$250,000Prosperity Life$62

The table above shows the cost of 20-year term life insurance for 40-year-old men. The coverage options available are $25,000, $50,000, $100,000 and $250,000

Mutual of Omaha offers coverage of $25,000 for a monthly rate of $14, while Prosperity Life provides coverage for $50,000 ($18 monthly), $100,000 ($29 monthly), and $250,000 ($62 monthly). All premiums are for non-smoking policy holders.

30-Year Term Life Rates (Male; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40MenNo30 Years$25,000Mutual of Omaha$16
40MenNo30 Years$50,000American Amicable$22
40MenNo30 Years$100,000American Amicable$39
40MenNo30 Years$250,000American Amicable$87

The data in this table represent the monthly rates for 30-year term life insurance policies for a male aged 40 who is a non-smoker. Mutual of Omaha offers coverage of $25,000 for $16 a month and American Amicable offers coverage of $50,000 for $22 a month, $100,000 for $39 a month and $250,000 for $87 a month.

20-Year Life Insurance Pricing (Male Tobacco; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40MenYes20 Years$25,000Mutual of Omaha$22
40MenYes20 Years$50,000Foresters$37
40MenYes20 Years$100,000Americo$67
40MenYes20 Years$250,000Americo$155

The table shows the monthly rate of life insurance premiums for male smokers aged 40, ranging from $25,000 to $250,000 coverage, over a term of 20 years, sourced from three different companies: Mutual of Omaha, Foresters, and Americo. The rates range from $22/month to $155/month, with coverage amounts increasing the monthly rate accordingly

The data suggests that smoking males aged 40 can expect to pay relatively higher premiums for their life insurance when compared to non-smokers.

30-Year Term Rates (Male Smokers; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40MenYes30 Years$25,000Mutual of Omaha$28
40MenYes30 Years$50,000Foresters$45
40MenYes30 Years$100,000Foresters$86
40MenYes30 Years$250,000Foresters$206

This table provides 30-year term rates for male smokers aged 40. It shows the coverage amounts offered by Mutual of Omaha and Foresters, and their respective monthly rates

The table indicates that Mutual of Omaha offers coverage amounts of $25,000 with a monthly rate of $28, while Foresters offers $50,000 coverage for $45 per month, $100,000 coverage for $86 per month, and $250,000 coverage for $206 per month.

20-Year Term Premiums (Women; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40WomenNo20 Years$25,000Mutual of Omaha$13
40WomenNo20 Years$50,000Prosperity Life$16
40WomenNo20 Years$100,000Prosperity Life$24
40WomenNo20 Years$250,000Prosperity Life$49

This table illustrates the monthly premiums for 20-Year Term Life Insurance policies for women at age 40 who don't smoke. The policies are offered by two different companies: Mutual of Omaha and Prosperity Life

The premium rates vary based on the amount of coverage—$25,000, $50,000, $100,000, and $250,000. For a $25,000 policy, Mutual of Omaha charges $13 per month; for $50,000 coverage Prosperity Life charges $16 per month; for $100,000 Prosperity Life charges $24 per month; and for $250,000 Prosperity Life charges $49 per month.

30-Year Term Policies (Women; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40WomenNo30 Years$25,000Mutual of Omaha$16
40WomenNo30 Years$50,000Prosperity Life$20
40WomenNo30 Years$100,000American Amicable$30
40WomenNo30 Years$250,000American Amicable$65

The table above shows the rates for 30-year term policies for women aged 40 who are non-smokers. The rates are from three different companies: Mutual of Omaha, Prosperity Life and American Amicable

The coverage amounts offered range from $25,000 to $250,000. The monthly premium for Mutual of Omaha is $16 for a $25,000 policy, $20 for a $50,000 policy, $30 for a $100,000 policy and $65 for a $250,000 policy. The monthly premium for Prosperity Life is $20 for a $50,000 policy

The monthly premium for American Amicable is $30 for a $100,000 policy and $65 for a $250,000 policy.

20-Year Term Monthly Premiums (Women Smokers; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40WomenYes20 Years$25,000Mutual of Omaha$21
40WomenYes20 Years$50,000Prosperity Life$32
40WomenYes20 Years$100,000Prosperity Life$57
40WomenYes20 Years$250,000Prosperity Life$131

This table shows the monthly premium rates for 20-year term life insurance policies for women smokers, aged 40. Mutual of Omaha offers a $25,000 coverage policy for $21 per month, while Prosperity Life offers 4 policies with coverage levels of $50,000, $100,000, and $250,000 for $32, $57, and $131 per month, respectively.

30-Year Term Insurance Quotes (Female Smokers; Age 40)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
40WomenYes30 Years$25,000Mutual of Omaha$27
40WomenYes30 Years$50,000American Amicable$38
40WomenYes30 Years$100,000American Amicable$69
40WomenYes30 Years$250,000American Amicable$161

The table above provides rates for 30-year term life insurance quotes for female smokers aged 40. Specifically, the table compares different coverage amounts from the companies Mutual of Omaha and American Amicable, with the associated monthly rate for coverage

For example, a 40-year-old female smoker can purchase a 30-year term policy with $25,000 coverage from Mutual of Omaha for $27 per month. With American Amicable, for the same duration and gender/smoker combination, the monthly rate for $50,000 coverage is $38, for $100,000 coverage it is $69, and for $250,000 coverage it is $161.

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* Based on website quote requests, through 2/28/23.
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