Term Life Insurance Rates for 49-Year-Olds

Updated: March 5, 2023

As life insurance policies become increasingly accessible and important to consider, it’s crucial to understand the various coverage options as they relate to age and budget. One popular form of life insurance is term life insurance, which provides coverage for a specific period of time and can be tailored to meet an individual’s needs

If you are a 49-year-old, it is important to know the details of term life insurance and how much it can cost. This article will provide information on how much term life insurance typically costs for a 49-year-old, as well as what is typically included in policies at this age. With this information, you can make an informed purchase decision and ensure you and your loved ones are protected.

(Note: See here for 48-year-old rates or the cost of term life insurance for a 50-year-old.)

20-Year Term Life Insurance Cost (Men; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Men	No	20 Years	$25,000	Mutual of Omaha	$22
49	Men	No	20 Years	$50,000	American Amicable	$31
49	Men	No	20 Years	$100,000	American Amicable	$55
49	Men	No	20 Years	$250,000	American Amicable	$128

For a 49-year-old man who is a non-smoker, the cost of a 20-year term life insurance policy varies by the amount of coverage. According to the table, Mutual of Omaha offers a 20-year term life policy of $25,000 in coverage for $22 per month, while American Amicable offers $50,000 for $31 per month, $100,000 for $55 per month, and $250,000 for $128 per month

These rates reflect the cost of a term life insurance policy from a specific company, which may differ from other companies. Additionally, rates may vary based on factors such as the insured’s health, lifestyle, and insurance history. Insurance seekers should always compare rates from different companies before making a decision.

30-Year Term Life Rates (Male; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Men	No	30 Years	$25,000	Mutual of Omaha	$30
49	Men	No	30 Years	$50,000	American Amicable	$39
49	Men	No	30 Years	$100,000	American Amicable	$72
49	Men	No	30 Years	$250,000	American Amicable	$166

At age 49, a male smoker who wants a 30-year term life policy can expect to pay a monthly rate for a variety of coverage amounts. For example, if the policy seeker desires $25,000 of coverage, then the monthly rate through Mutual of Omaha would be $30

A $50,000 policy through American Amicable would cost $39 a month, while $100,000 of coverage would increase the monthly payment to $72. Lastly, comfortable coverage of $250,000 through American Amicable would cost the policyholder $166 a month. Additionally, any age-related discounts or premium discounts offered by the company may further reduce costs.

20-Year Life Insurance Pricing (Male Tobacco; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Men	Yes	20 Years	$25,000	Americo	$39
49	Men	Yes	20 Years	$50,000	Foresters	$65
49	Men	Yes	20 Years	$100,000	Foresters	$125
49	Men	Yes	20 Years	$250,000	Foresters	$304

The table above provides a snapshot of the price of 20-year term life insurance for a male smoker aged 49. Americo and Foresters are the two companies featured, which offer different monthly rates according to the amount of coverage

For example, a $25,000 term life insurance policy from Americo would cost $39 monthly, while the same amount of coverage from Foresters would cost $65 monthly. If we look at the highest amount of coverage offered, a $250,000 policy from Foresters would cost $304 per month. For a smaller policy of $50,000, Foresters charges $65 monthly

Thus, as the third row of the table indicates, if a customer chooses to take out a $100,000 term life insurance policy, Foresters will charge $125 monthly.

30-Year Term Rates (Male Smokers; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Men	Yes	30 Years	$25,000	Mutual of Omaha	$45
49	Men	Yes	30 Years	$50,000	Mutual of Omaha	$85
49	Men	Yes	30 Years	$100,000	Mutual of Omaha	$164
49	Men	Yes	30 Years	$250,000	Mutual of Omaha	$403

The table illustrates the rates for 30-year term life insurance for male smokers age 49 from Mutual of Omaha. It shows that the monthly rate depends on the amount of coverage; for example, to obtain a $25,000 policy, the rate is $45 per month, whereas for a $250,000 policy, the rate increases to $403 per month

The other rates in this table can be characterised as follows: a $50,000 policy costs $85 per month, a $100,000 policy costs $164 per month.

20-Year Term Premiums (Women; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Women	No	20 Years	$25,000	Mutual of Omaha	$21
49	Women	No	20 Years	$50,000	American Amicable	$23
49	Women	No	20 Years	$100,000	American Amicable	$40
49	Women	No	20 Years	$250,000	American Amicable	$90

The table above shows the cost of term life insurance for a woman who is 49 years old. According to the table, the cost of insurance varies depending on the coverage amount, company, and term length

For example, a Mutual of Omaha policy with a 20-year term and $25,000 of coverage would cost $21 a month. A policy with the same term length and $50,000 in coverage from American Amicable would cost $23 a month, while $100,000 in coverage would cost $40 a month and $250,000 in coverage would cost $90 a month.

30-Year Term Policies (Women; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Women	No	30 Years	$25,000	Mutual of Omaha	$28
49	Women	No	30 Years	$50,000	American Amicable	$27
49	Women	No	30 Years	$100,000	American Amicable	$47
49	Women	No	30 Years	$250,000	American Amicable	$105

Women aged 49 who don't smoke can expect to pay around $28/month for a 30-year term policy of $25,000 from Mutual of Omaha. American Amicable’s rates for the same kind of policies are slightly lower: $27/month for $50,000 and $47/month for $100,000, though those prices increase with higher coverage amounts, to $105/month for a $250,000 policy.

20-Year Term Monthly Premiums (Women Smokers; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Women	Yes	20 Years	$25,000	Mutual of Omaha	$37
49	Women	Yes	20 Years	$50,000	American Amicable	$55
49	Women	Yes	20 Years	$100,000	Prosperity Life	$103
49	Women	Yes	20 Years	$250,000	Prosperity Life	$246

At age 49, women smokers can purchase 20-year term life insurance policies from multiple providers in varying coverage amounts. As seen in the table above, Mutual of Omaha provides a $25,000 coverage amount for $37 per month; American Amicable provides a $50,000 coverage amount for $55 per month; Prosperity Life provides both a $100,000 coverage amount for $103 per month and a $250,000 coverage amount for $246 per month

Ultimately, the cost of a 20-year term life insurance policy at age 49 for a woman smoker will depend on the desired coverage amount.

30-Year Term Insurance Quotes (Female Smokers; Age 49)

Age	Gender	Smoker	Term	Coverage	Company	Monthly Rate
49	Women	Yes	30 Years	$25,000	Mutual of Omaha	$42
49	Women	Yes	30 Years	$50,000	Foresters	$57
49	Women	Yes	30 Years	$100,000	Foresters	$108
49	Women	Yes	30 Years	$250,000	Foresters	$263

At age 49, a female smoker can expect to pay anywhere from $42 to $263 per month for a 30-year term life insurance policy. For example, Mutual of Omaha offers a 30-year term life insurance policy for $25,000 of coverage for $42 per month

If the insured were to increase their coverage to $50,000, Foresters offers $57 per month. Another option from Foresters is a $100,000 policy for $108 per month. The highest amount of coverage available is $250,000 at $263 per month.

Rikin Shah

Rikin is the Co-Founder & CEO of GetSure. He is a licensed life, accident & health insurance agent in all 50 states (plus D.C.) and has over 15 years of experience in the financial services industry. He holds a B.S. in Applied Mathematics from Columbia University and an MBA from The Stanford Graduate School of Business.If you'd like to speak with Rikin to discuss your life insurance options or questions, don't hesitate to email him at hello [at] getsure.org.