Life insurance can be a difficult subject to approach, especially if you are unfamiliar with the nuances of the different policy types. For those looking to protect their loved ones in the event of their passing, term life insurance may be the most cost-efficient and straightforward option
In this article, we'll explain the basics of term life insurance and address the question: how much is term life insurance for 41-year-olds? By understanding the factors that come into play when calculating rates and the different policy types available, you can decide if term life insurance is right for you.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $14 |
| 41 | Men | No | 20 Years | $50,000 | Prosperity Life | $19 |
| 41 | Men | No | 20 Years | $100,000 | Prosperity Life | $31 |
| 41 | Men | No | 20 Years | $250,000 | Prosperity Life | $66 |
The table above provides the cost of a term life insurance policy for a male aged 41. The policy is for 20 years and coverage amounts from $25,000 to $250,000 are provided from two different companies: Mutual of Omaha and Prosperity Life
The monthly rates for the policies range from $14 to $66.
30-Year Term Life Rates (Male; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $17 |
| 41 | Men | No | 30 Years | $50,000 | American Amicable | $24 |
| 41 | Men | No | 30 Years | $100,000 | American Amicable | $41 |
| 41 | Men | No | 30 Years | $250,000 | American Amicable | $93 |
This table provides information on the average monthly rate for a 30-year term life insurance policy for male policyholders aged 41. The table shows the coverage amount, company, and monthly rate for policies with a coverage amount of $25,000, $50,000, $100,000, and $250,000
The rates all assume the policyholder is a non-smoker. Mutual of Omaha offers a $25,000 policy with a monthly rate of $17, while American Amicable offers policyholders coverage amounts of $50,000, $100,000, and $250,000 at monthly rates of $24, $41, and $93, respectively.
20-Year Life Insurance Pricing (Male Tobacco; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $23 |
| 41 | Men | Yes | 20 Years | $50,000 | Foresters | $38 |
| 41 | Men | Yes | 20 Years | $100,000 | Foresters | $71 |
| 41 | Men | Yes | 20 Years | $250,000 | Foresters | $169 |
The table above relates to 20-year life insurance pricing for a 41-year-old male who is a tobacco smoker. According to the table, Mutual of Omaha offers $25,000 of coverage for a monthly rate of $23
Foresters offers $50,000 of coverage for a monthly rate of $38, $100,000 of coverage for a monthly rate of $71, and $250,000 of coverage for a monthly rate of $169.
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30-Year Term Rates (Male Smokers; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $30 |
| 41 | Men | Yes | 30 Years | $50,000 | Foresters | $49 |
| 41 | Men | Yes | 30 Years | $100,000 | Foresters | $93 |
| 41 | Men | Yes | 30 Years | $250,000 | Foresters | $225 |
The table above shows the monthly rate for life insurance policies with a 30-year term, for males age 41 who are smokers. All of the policies are provided by two different companies, Mutual of Omaha and Foresters, with varying coverage amounts
The rates range from $30 per month to $225 per month. The coverage amount determines the rate, with higher coverage resulting in a higher rate.
20-Year Term Premiums (Women; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $14 |
| 41 | Women | No | 20 Years | $50,000 | Prosperity Life | $16 |
| 41 | Women | No | 20 Years | $100,000 | Prosperity Life | $25 |
| 41 | Women | No | 20 Years | $250,000 | Prosperity Life | $52 |
The table above shows the monthly premiums for 20-year term insurance policies for a 41-year-old female who is a non-smoker. Mutual of Omaha offers a policy of $25,000 with a monthly rate of $14, while Prosperity Life provides policies of $50,000, $100,000, and $250,000 with monthly rates of $16, $25, and $52 respectively.
30-Year Term Policies (Women; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $17 |
| 41 | Women | No | 30 Years | $50,000 | Prosperity Life | $21 |
| 41 | Women | No | 30 Years | $100,000 | American Amicable | $32 |
| 41 | Women | No | 30 Years | $250,000 | American Amicable | $69 |
The table shows life insurance rates for women aged 41 and indicates premiums for 30-year terms. For a policy of $25,000, Mutual of Omaha offers a monthly rate of $17
For $50,000 of coverage, Prosperity Life offers a rate of $21/month. American Amicable provides coverage of $100,000 and $250,000, respectively at $32/month and $69/month.
20-Year Term Monthly Premiums (Women Smokers; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $22 |
| 41 | Women | Yes | 20 Years | $50,000 | Prosperity Life | $34 |
| 41 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $60 |
| 41 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $140 |
The table above shows the monthly premiums for 20-year term life insurance policies for women smokers, aged 41. The policies cover coverages ranging from $25,000 to $250,000, provided by Mutual of Omaha and Prosperity Life
The rates for the policies range from $22 for a $25,000 coverage from Mutual of Omaha to $140 for a $250,000 coverage from Prosperity Life.
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30-Year Term Insurance Quotes (Female Smokers; Age 41)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 41 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $29 |
| 41 | Women | Yes | 30 Years | $50,000 | American Amicable | $40 |
| 41 | Women | Yes | 30 Years | $100,000 | American Amicable | $74 |
| 41 | Women | Yes | 30 Years | $250,000 | American Amicable | $173 |
This table provides quotes for 30-year term insurance policies for female smokers between the ages of 41 and 42. The table lists the coverage amount, company, and monthly rate for each policy
Mutual of Omaha offers a $25,000 policy for $29 a month, while American Amicable is offering three different policies - $50,000 for $40 a month, $100,000 for $74 a month, and $250,000 for $173 a month.
