Do you know how much term life insurance would cost you as a 42-year-old? Most of us don't, or maybe we’ve heard a number thrown out somewhere, but what’s the real story? How much should you expect to pay for term life insurance at this age? In this article, we'll break down the cost of acquiring coverage, discuss certain factors that impact the cost, and look at your age-specific financial considerations when shopping for a policy.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $15 |
| 42 | Men | No | 20 Years | $50,000 | Prosperity Life | $20 |
| 42 | Men | No | 20 Years | $100,000 | Prosperity Life | $32 |
| 42 | Men | No | 20 Years | $250,000 | Prosperity Life | $70 |
The above table displays the monthly cost for 20-year term life insurance for a male, age 42, who is a non-smoker. Mutual of Omaha offers a $25,000 policy for $15 per month, while Prosperity Life offers $50,000, $100,000, and $250,000 policies for $20, $32, and $70 per month respectively.
30-Year Term Life Rates (Male; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $18 |
| 42 | Men | No | 30 Years | $50,000 | American Amicable | $25 |
| 42 | Men | No | 30 Years | $100,000 | American Amicable | $44 |
| 42 | Men | No | 30 Years | $250,000 | American Amicable | $100 |
The table above illustrates the monthly rate information for 30-year term life policies available to men age 42 who don't smoke. Specifically, Mutual of Omaha offers a $25,000 policy for $18 per month, and American Amicable offers policies for $50,000, $100,000, and $250,000 with respective monthly rates of $25, $44, and $100.
20-Year Life Insurance Pricing (Male Tobacco; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $25 |
| 42 | Men | Yes | 20 Years | $50,000 | Foresters | $41 |
| 42 | Men | Yes | 20 Years | $100,000 | Foresters | $76 |
| 42 | Men | Yes | 20 Years | $250,000 | Foresters | $182 |
This table shows pricing data for a male smoker aged 42. The coverage amounts range from $25,000 to $250,000 with terms at 20 years
A $25,000 policy from Mutual of Omaha is priced at $25 per month, whereas Foresters offers policies of $50,000, $100,000, and $250,000 for $41, $76, and $182 per month, respectively.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $32 |
| 42 | Men | Yes | 30 Years | $50,000 | Foresters | $52 |
| 42 | Men | Yes | 30 Years | $100,000 | Foresters | $98 |
| 42 | Men | Yes | 30 Years | $250,000 | Foresters | $237 |
The table above displays 30-year term life insurance rates for male smokers, age 42. Mutual of Omaha offers $25,000 in coverage, with a monthly rate of $32
Foresters offers varying coverage levels, ranging from $50,000 - $250,000, with corresponding monthly rates of $52, $98 and $237 respectively.
20-Year Term Premiums (Women; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $14 |
| 42 | Women | No | 20 Years | $50,000 | Prosperity Life | $17 |
| 42 | Women | No | 20 Years | $100,000 | Prosperity Life | $26 |
| 42 | Women | No | 20 Years | $250,000 | Prosperity Life | $54 |
This table shows the premiums for 20-year term life insurance policies for women aged 42 who do not smoke. The four policies compared are $25,000, $50,000, $100,000 and $250,000 with Mutual of Omaha and Prosperity Life as the two companies used
Mutual of Omaha offers the $25,000 coverage for a monthly rate of $14, whereas Prosperity Life offers coverage of $50,000, $100,000 and $250,000 for monthly rates of $17, $26 and $54, respectively.
30-Year Term Policies (Women; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $18 |
| 42 | Women | No | 30 Years | $50,000 | Prosperity Life | $22 |
| 42 | Women | No | 30 Years | $100,000 | American Amicable | $33 |
| 42 | Women | No | 30 Years | $250,000 | American Amicable | $73 |
The table above shows the cost of a 30-year term policy for women aged 42, with no smoking. The policies are offered by Mutual of Omaha, Prosperity Life, and American Amicable
Coverage amounts range from $25,000 to $250,000 and the monthly rates for each insurer are $18, $22, $33, and $73 respectively.
20-Year Term Monthly Premiums (Women Smokers; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $23 |
| 42 | Women | Yes | 20 Years | $50,000 | Prosperity Life | $35 |
| 42 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $64 |
| 42 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $148 |
This table compares the monthly premiums for 20-year term life insurance policies for women who are 42 years old and who are smokers. The coverage amounts range from $25,000 to $250,000
Mutual of Omaha offers a policy of $25,000 coverage with a monthly rate of $23, while Prosperity Life offers policies of $50,000, $100,000, and $250,000 with monthly rates of $35, $64 and $148, respectively.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 42)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 42 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $31 |
| 42 | Women | Yes | 30 Years | $50,000 | American Amicable | $43 |
| 42 | Women | Yes | 30 Years | $100,000 | American Amicable | $79 |
| 42 | Women | Yes | 30 Years | $250,000 | American Amicable | $186 |
This table displays estimates for 30-year term life insurance policies for a female smoker age 42. The table shows the insurance company, the coverage amount, and the estimated monthly rate for each policy
Mutual of Omaha is offering a $25,000 policy for $31/month, American Amicable is offering $50,000 for $43/month, $100,000 for $79/month, and $250,000 for $186/month.
