Term Life Insurance Rates for 47-Year-Olds

As we grow older, there is an inherent sense of responsibility to provide for our friends and family. Gaining life insurance is a great way to make sure that your loved ones are taken care of should anything happen to you

One of the more popular insurance policies is term life insurance, which covers individuals for a specific time period. But how much is term life insurance for 47-year-olds? This article provides an overview of the cost of term life insurance for this group and breaks down what factors could influence the total cost.

Choose kindness.

You never know what battles people may be fighting.

Life Insurance Premiums for Age 47 Male

20-Year Term Life Insurance Cost (Men; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47MenNo20 Years$25,000Mutual of Omaha$20
47MenNo20 Years$50,000American Amicable$27
47MenNo20 Years$100,000Prosperity Life$48
47MenNo20 Years$250,000Prosperity Life$109

The table above shows the cost of a 20-year term life insurance policy for men aged 47 who are non-smokers. The data suggests that the cost of the policy depends upon the coverage

For example, a policy with a coverage of $25,000 from Mutual of Omaha is priced at $20 per month, while a policy with $250,000 coverage from Prosperity Life costs $109 per month. Generally, the higher the coverage amount, the more expensive the policy. In addition, the company providing the policy can also have an effect on the price

For example, a policy with $50,000 coverage from American Amicable costs $27 per month, but a policy with the same coverage from Prosperity Life costs $48 per month.

30-Year Term Life Rates (Male; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47MenNo30 Years$25,000Mutual of Omaha$26
47MenNo30 Years$50,000American Amicable$34
47MenNo30 Years$100,000American Amicable$63
47MenNo30 Years$250,000American Amicable$143

For a 47-year-old male who is a non-smoker, the cost of a 30-year term life insurance policy varies depending on the amount of coverage. According to the table, Mutual of Omaha charges a monthly premium of $26 for a $25,000 policy

American Amicable offers comparable coverage for $34 per month for a $50,000 policy, and $63 for a $100,000 policy. For a $250,000 policy, the cost increases significantly to $143 a month.

20-Year Life Insurance Pricing (Male Tobacco; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47MenYes20 Years$25,000Mutual of Omaha$34
47MenYes20 Years$50,000Prosperity Life$60
47MenYes20 Years$100,000Prosperity Life$113
47MenYes20 Years$250,000Prosperity Life$273

This table provides cost information for 20-year term life insurance policies for a 47-year-old male, who is classified as a smoker. For Mutual of Omaha, the cost is $34 per month for a $25,000 policy

Prosperty Life charges $60 per month for a $50,000 policy, $113 per month for a $100,000 policy, and $273 per month for a $250,000 policy. These costs represent a significant monthly expense, and should be carefully considered when calculating financial planning decisions.

30-Year Term Rates (Male Smokers; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47MenYes30 Years$25,000Mutual of Omaha$43
47MenYes30 Years$50,000Mutual of Omaha$81
47MenYes30 Years$100,000Mutual of Omaha$158
47MenYes30 Years$250,000Americo$384

This table illustrates the cost of 30-year term life insurance coverage for male smokers at age 47. According to the figures, Mutual of Omaha offers coverage of $25,000 for $43 per month, $50,000 for $81 per month, and $100,000 for $158 per month

Americo is offering $250,000 of coverage for $384 per month.

Life Insurance Premiums for Age 47 Female

20-Year Term Premiums (Women; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47WomenNo20 Years$25,000Mutual of Omaha$19
47WomenNo20 Years$50,000American Amicable$21
47WomenNo20 Years$100,000Prosperity Life$36
47WomenNo20 Years$250,000Prosperity Life$79

This table shows the monthly premiums for a twenty-year term life insurance policy for women aged 47. The premiums are affected by the coverage amount, with the lowest coverage amount of $25,000 being offered by Mutual of Omaha at $19 per month

American Amicable offers the same coverage period, but double the coverage at $50,000, at a rate of $21 per month. Prosperity Life offers a policy with a $100,000 coverage amount for $36 per month and a $250,000 coverage amount for $79 per month. All premiums are for non-smoking women.

30-Year Term Policies (Women; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47WomenNo30 Years$25,000Mutual of Omaha$25
47WomenNo30 Years$50,000American Amicable$24
47WomenNo30 Years$100,000American Amicable$42
47WomenNo30 Years$250,000American Amicable$94

At age 47, a woman can get a 30-year term policy with a variety of coverage amounts and companies. Mutual of Omaha offers a $25,000 policy with a monthly rate of $25

American Amicable offers policies of $50,000, $100,000, and $250,000 with respective monthly rates of $24, $42, and $94. Comparing term life insurance rates between different companies can be a great way to find an affordable policy that fits your needs.

20-Year Term Monthly Premiums (Women Smokers; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47WomenYes20 Years$25,000Mutual of Omaha$32
47WomenYes20 Years$50,000Prosperity Life$48
47WomenYes20 Years$100,000Prosperity Life$88
47WomenYes20 Years$250,000Prosperity Life$209

For a 47 year old female smoker, 20 year term life insurance premiums can vary significantly depending on the amount of coverage. One of the more popular insurance providers, Mutual of Omaha, has a $25,000 policy rate of $32 per month, while Prosperity Life has a rate of $48 per month for a $50,000 policy and $88 per month for a $100,000 policy

The most expensive of the policies offered by Prosperity Life is a $250,000 policy for $209 per month. For female smokers looking for life insurance, 20 year term policies can offer varying levels of coverage for different rates.

30-Year Term Insurance Quotes (Female Smokers; Age 47)

AgeGenderSmokerTermCoverageCompanyMonthly Rate
47WomenYes30 Years$25,000Mutual of Omaha$38
47WomenYes30 Years$50,000Foresters$55
47WomenYes30 Years$100,000Foresters$104
47WomenYes30 Years$250,000Foresters$253

From the data in the table, the cost of term life insurance for a non-smoking female aged 47 can be seen. The costs given are for a 30-year term

For a $25,000 coverage policy, Mutual of Omaha offered the lowest rate at $38 per month. The next highest quote was from Foresters, which offered $55/month for a $50,000 coverage policy and $104/month for a $100,000 coverage policy. Finally, Foresters also offers a $250,000 coverage policy for $253 per month.