Term life insurance is a powerful tool for individuals who are looking for a dependable form of financial protection. For those who are aged 43, or those who are considering taking out a term life insurance policy at this age, the cost of monthly premiums can be an important consideration – and it’s essential to understand how this factors in
In this article, we'll look at the cost of term life insurance for 43-year-olds, exploring some of the variables that may affect how much you'll pay.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $16 |
| 43 | Men | No | 20 Years | $50,000 | Prosperity Life | $21 |
| 43 | Men | No | 20 Years | $100,000 | Prosperity Life | $34 |
| 43 | Men | No | 20 Years | $250,000 | Prosperity Life | $74 |
The table above shows the costs of 20-Year Term Life Insurance for men age 43. The non-smoking rates are being offered by Mutual of Omaha and Prosperity Life
For Mutual of Omaha, with a 20-year term and $25,000 in coverage, the monthly rate is $16. For Prosperity Life, with a 20-year term and $50,000 in coverage, the monthly rate is $21. For Prosperity Life with coverage at $100,000, the monthly rate is $34, and for $250,000 in coverage, the monthly rate is $74.
30-Year Term Life Rates (Male; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $20 |
| 43 | Men | No | 30 Years | $50,000 | American Amicable | $27 |
| 43 | Men | No | 30 Years | $100,000 | American Amicable | $48 |
| 43 | Men | No | 30 Years | $250,000 | American Amicable | $107 |
This table shows the 30-year term life insurance rates for a 43-year-old male who is a non-smoker. The available coverage amounts offered by Mutual of Omaha and American Amicable are $25,000, $50,000, $100,000, and $250,000, with respective monthly rates of $20, $27, $48, and $107.
20-Year Life Insurance Pricing (Male Tobacco; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $26 |
| 43 | Men | Yes | 20 Years | $50,000 | Foresters | $44 |
| 43 | Men | Yes | 20 Years | $100,000 | Foresters | $82 |
| 43 | Men | Yes | 20 Years | $250,000 | Foresters | $198 |
The table above shows the 20-year life insurance pricing for a male aged 43 who is a tobacco smoker. There are four examples given that range from a coverage amount of $25,000 to $250,000
The provider of the policies is Mutual of Omaha and Foresters. The monthly rate for the $25,000 coverage is $26, increasing to $198 per month for the $250,000 coverage.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $35 |
| 43 | Men | Yes | 30 Years | $50,000 | Foresters | $54 |
| 43 | Men | Yes | 30 Years | $100,000 | Foresters | $103 |
| 43 | Men | Yes | 30 Years | $250,000 | Foresters | $249 |
This table shows the term rates for male smokers, age 43. For a 30-year term, Mutual of Omaha offers a $25,000 coverage at a monthly rate of $35, while Foresters offers rates of $54, $103, and $249 for the same coverage amounts of $50,000, $100,000, and $250,000 respectively.
20-Year Term Premiums (Women; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $15 |
| 43 | Women | No | 20 Years | $50,000 | Prosperity Life | $17 |
| 43 | Women | No | 20 Years | $100,000 | Prosperity Life | $27 |
| 43 | Women | No | 20 Years | $250,000 | Prosperity Life | $57 |
The table above shows the 20-year term premiums for women age 43 who do not smoke. The coverage amounts range from $25,000 to $250,000, and the two companies represented are Mutual of Omaha and Prosperity Life
From this table, we can see that Mutual of Omaha offers a monthly rate of $15 for $25,000 of coverage, while Prosperity Life offers a monthly rate of $17 for $50,000 of coverage, $27 for $100,000 of coverage, and $57 for $250,000 of coverage.
30-Year Term Policies (Women; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $19 |
| 43 | Women | No | 30 Years | $50,000 | American Amicable | $21 |
| 43 | Women | No | 30 Years | $100,000 | American Amicable | $35 |
| 43 | Women | No | 30 Years | $250,000 | American Amicable | $77 |
The table above provides monthly rates for 30-Year Term life insurance policies for women, age 43, with coverage amounts of $25,000, $50,000, $100,000 and $250,000. There are two insurance companies represented - Mutual of Omaha and American Amicable - who are both providing policies to non-smokers
According to the data, the most significant difference in monthly rates is between the $25,000 and $50,000 policies, with the higher coverage costing just $2 more per month. For coverage of $100,000 and $250,000, the additional cost could represent a more significant financial investment.
20-Year Term Monthly Premiums (Women Smokers; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $25 |
| 43 | Women | Yes | 20 Years | $50,000 | Prosperity Life | $37 |
| 43 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $67 |
| 43 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $156 |
The table above shows the monthly premiums for a 20-year term life insurance policy for a female smoker, age 43. It features coverage amounts of $25,000, $50,000, $100,000, and $250,000 from two different companies - Mutual of Omaha and Prosperity Life
At Mutual of Omaha, the monthly premium for $25,000 in coverage is $25, and at Prosperity Life, the monthly premiums for $50,000 in coverage is $37, for $100,000 in coverage is $67, and for $250,000 in coverage is $156.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 43)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 43 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $33 |
| 43 | Women | Yes | 30 Years | $50,000 | American Amicable | $46 |
| 43 | Women | Yes | 30 Years | $100,000 | American Amicable | $85 |
| 43 | Women | Yes | 30 Years | $250,000 | American Amicable | $200 |
The table above is a summary of quotes providing 30-year life insurance term plans for female smokers, aged 43. The companies offering coverage in this table are Mutual of Omaha and American Amicable, and cover amounts of $25,000, $50,000, $100,000, and $250,000
The monthly premiums quoted are $33, $46, $85, and $200 respectively.
