When it comes to life insurance, understanding how much you should pay for your policy and what type of coverage best suits your needs can be overwhelming. Understanding how much term life insurance costs for individuals in their forties can help you make informed decisions in figuring out a policy that works for you
In this article, we'll explore what factors determine the cost of term life insurance for 44-year-olds, as well as some strategies you can use to get the best rates.
Burial Insurance
20-Year Term Life Insurance Cost (Men; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Men | No | 20 Years | $25,000 | Mutual of Omaha | $17 |
| 44 | Men | No | 20 Years | $50,000 | Prosperity Life | $21 |
| 44 | Men | No | 20 Years | $100,000 | Prosperity Life | $36 |
| 44 | Men | No | 20 Years | $250,000 | Prosperity Life | $79 |
This table provides the cost of 20-Year Term Life Insurance for a 44-year old male. For each company that offers coverage, there is a different rate depending on the coverage amount
Mutual of Omaha provides $25,000 in coverage for $17 monthly, Prosperity Life provides $50,000 in coverage for $21 monthly, $100,000 in coverage for $36 monthly and $250,000 in coverage for $79 monthly.
30-Year Term Life Rates (Male; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Men | No | 30 Years | $25,000 | Mutual of Omaha | $21 |
| 44 | Men | No | 30 Years | $50,000 | American Amicable | $29 |
| 44 | Men | No | 30 Years | $100,000 | American Amicable | $51 |
| 44 | Men | No | 30 Years | $250,000 | American Amicable | $115 |
The table above shows 30-year term life insurance rates for a 44 year-old male, who is not a smoker. Mutual of Omaha offers a rate of $21 per month for a $25,000 coverage and American Amicable offers rates of $29, $51 and $115 per month for life insurance coverage of $50,000, $100,000 and $250,000 respectively.
20-Year Life Insurance Pricing (Male Tobacco; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Men | Yes | 20 Years | $25,000 | Mutual of Omaha | $28 |
| 44 | Men | Yes | 20 Years | $50,000 | Foresters | $48 |
| 44 | Men | Yes | 20 Years | $100,000 | Foresters | $90 |
| 44 | Men | Yes | 20 Years | $250,000 | Prosperity Life | $214 |
The table above shows the 20-year life insurance policies that are available to a 44-year old male who smokes from four different providers. The coverage amounts range from $25,000 to $250,000, and the corresponding monthly rates range from $28 to $214
Mutual of Omaha has the lowest rate for a $25,000 policy at $28 per month, while Prosperity Life has the highest rate for a $250,000 policy at $214 per month. Foresters offers both a $50,000 and $100,000 policy, with respective monthly rates of $48 and $90.
Burial Insurance
30-Year Term Rates (Male Smokers; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Men | Yes | 30 Years | $25,000 | Mutual of Omaha | $37 |
| 44 | Men | Yes | 30 Years | $50,000 | Foresters | $56 |
| 44 | Men | Yes | 30 Years | $100,000 | Foresters | $106 |
| 44 | Men | Yes | 30 Years | $250,000 | Foresters | $258 |
This table lists the term life insurance rates for 30-year-olds, male smokers. Specifically, it lists the rates for a 44 year-old man from two different companies; Mutual of Omaha and Foresters
For coverage amounts of $25,000, $50,000, $100,000, and $250,000, the monthly rate from Mutual of Omaha is $37, $56, $106, and $258 respectively. The monthly rate from Foresters for that same coverage amounts is also $56, $106, and $258 respectively. With the higher coverage amount requested, the monthly rate tends to be higher.
20-Year Term Premiums (Women; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Women | No | 20 Years | $25,000 | Mutual of Omaha | $16 |
| 44 | Women | No | 20 Years | $50,000 | Prosperity Life | $18 |
| 44 | Women | No | 20 Years | $100,000 | Prosperity Life | $28 |
| 44 | Women | No | 20 Years | $250,000 | Prosperity Life | $60 |
The table above lists premium rates for a 20-year term life insurance policy for a 44-year-old woman who is a non-smoker. The rates vary by insurance company and coverage amount, with Mutual of Omaha offering $25,000 of coverage at a rate of $16/month and Prosperity Life offering coverage amounts of $50,000, $100,000, and $250,000 at rates of $18, $28, and $60/month respectively.
30-Year Term Policies (Women; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Women | No | 30 Years | $25,000 | Mutual of Omaha | $20 |
| 44 | Women | No | 30 Years | $50,000 | American Amicable | $21 |
| 44 | Women | No | 30 Years | $100,000 | American Amicable | $37 |
| 44 | Women | No | 30 Years | $250,000 | American Amicable | $81 |
The table above shows the monthly premiums for 30-year term life insurance policies for 44-year-old women who don't smoke. Mutual of Omaha offers a policy for $25,000 of coverage with a monthly rate of $20 and American Amicable offers coverage amounts of $50,000, $100,000, and $250,000 with the respective monthly rates of $21, $37, and $81.
20-Year Term Monthly Premiums (Women Smokers; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Women | Yes | 20 Years | $25,000 | Mutual of Omaha | $27 |
| 44 | Women | Yes | 20 Years | $50,000 | Prosperity Life | $39 |
| 44 | Women | Yes | 20 Years | $100,000 | Prosperity Life | $70 |
| 44 | Women | Yes | 20 Years | $250,000 | Prosperity Life | $165 |
The rates listed in the table indicate that a 44-year-old female smoker can purchase a 20-year term life insurance policy with coverage levels up to $250,000 from Mutual of Omaha and Prosperity Life. The least expensive option is a $25,000 policy from Mutual of Omaha at a monthly rate of $27
A $50,000 policy from Prosperity Life would cost $39 per month, while a $100,000 policy from Prosperity Life would cost $70 per month, and a $250,000 policy would be $165 per month.
Burial Insurance
30-Year Term Insurance Quotes (Female Smokers; Age 44)
| Age | Gender | Smoker | Term | Coverage | Company | Monthly Rate |
|---|---|---|---|---|---|---|
| 44 | Women | Yes | 30 Years | $25,000 | Mutual of Omaha | $35 |
| 44 | Women | Yes | 30 Years | $50,000 | American Amicable | $49 |
| 44 | Women | Yes | 30 Years | $100,000 | American Amicable | $91 |
| 44 | Women | Yes | 30 Years | $250,000 | American Amicable | $215 |
The table above provides fees for 30-year term life insurance quotes for female smokers aged 44. The coverage amounts range from $25,000 to $250,000
Mutual of Omaha offers $35/month for $25,000 in coverage, American Amicable offers $49/month for $50,000 in coverage, American Amicable offers $91/month for $100,000 in coverage, and American Amicable offers $215/month for $250,000 in coverage.
