Boise Life Insurance Agents - Sample Term Life Rates For 50 Year Old Male - Non-Smoker - Idaho Rates

Sample Term Life Insurance Rates - Idaho - 50 Year Old Male

Hi there, Chris from Boise Life and Health Insurance Agency .

***Disclaimer*** We are not giving legal or tax advice! Also, the text in this article is transcribed so if there are misspellings I apologize. The video in this article explains everything so that is another option for you to just watch the video. 

Hey, I always get questions on.  Well, how much does life insurance costs?

What are the rates? So I figured what I do today is we just come into my website, show you how to run a quote on your own so you can just come in here and check out rates.

I'm almost 50. I turn 48 here in a couple days. So we're gonna do a 50 year old male. It seems that's a good age.

People are at our age with families or businesses.  It's a good time to look for insurance.If you're fairly healthy, it can still be affordable. And of course, we're talking about term.

And if you're looking for a supplemental retirement, you're gonna have to have some some extra cash.  Make sure your funding your 401 K's and your IRAs and then look at a life insurance policy.

If you do have some extra cash to put into something like that.  So here's go.

https://ift.tt/812Q0Vg is the website, and over here on the right, you can just click on the life insurance quotes right here and that will take you to a separate page where you can do a quote right online or up here on the products menu.

You can click on life insurance and here you can leave us a message.  If you don't want to do that, if you're in a rush, just leave type of.

But leave us a message.  We'll get back to you. Here, you can click on and I'll take you there.

Here's a video I did showing you how to walk through the whole system to get a life quote.

And you can I've got in better right on the website where you come in here and you quote right on here through the website.

It looks a little bit better if you do it actually, through the when you click on the link eso We're just gonna do a test here for 50 year old male and give you an idea of what term life insurance looks like a up here.

You know, most people are not gonna get that absolute super preferred rating.  I would be conservative and go right here on the third heart.

Uh, this is pretty decent overall health. If you've got high blood pressure, cholesterol.

You know, meds.  You're gonna be in here. Um, uh, if you're really good shape, you could be here.

But let's just go here.  And, uh okay, So nicotine or cannabis?

So pot is considered smoking rates be prepared.  Tobacco rates.

You're gonna be pain. It's almost double with some companies.

So just be prepared.  If you know, if you chew patches smoke. Three exception is occasional cigars for celebratory cigars. But your rates are going to be higher now.

You can apply for a rate reduction after a couple years.

Well, this it's different companies, but usually after a couple years of notes, no tobacco, and you have to get retested or tobacco in your system, you can apply for a rate reduction.

So anyway, uh, put in your height and weight here because that's a lot of that there could be based on that, you know, they go off these PM I indexes anymore.

And to be honest, I I'm about £215 right now and they tell me I'm fat, and I I think I'm sometimes I am kind of that.  But I don't think a path that that they say I will be so, uh okay.

So put in your your date of birth and let's see here So that that would be, I think 1970 would would take us to a 50 year old male.

Okay, so here you go term.  There's a drop down accidental death return. A premium term can be an option.

That is a bit more.  We'll do all the separate video in return, a premium. But we're just going to straight term today.

And then over here is permanent, which will do well permanent on another video to there are uses for that.

Okay, so here's term.  Here's a $1,000,000 now. Good rule.

A good rule of thumb for in life insurance 10 times your annual income.  So and there's there's, um, there's there, some underwriting third behind that.

And then there's just a good basic rule of thumb that if you fear the breadwinner in the family, 10 years of having your annual income replace is going to allow your family and loved ones to get back on their feet.

They've got some time, it gives them time and, you know, in listen, insurance, you're not trying to you know yourself insurable that you're not trying to cover old ill you can, But anyways, so if you're 50 and you got, uh, you know, you got 20 years left on the mortgage, right?

So, you know, you could look at a 20 year term for 2 25 a month, 10 year terms. 25 months now, for a lot of people were probably gonna be more down in this $500,000 range.

You know, basically here, uh, in I know someone that 506 100 to $700,000 range.  And as you can see, a 20 year term is $118 a month.

And let's just click on this just to kind of give you an idea of and what you do, you just click on it and click the next down here, move me out of the way.

Okay. You do have to put your email in. All right? I promise I'm not gonna bug you. I might reach out and say, Do you have any questions?

And if you're like, leave me alone, I'll leave you alone. I don't I don't care. My whole deal is you'll do this when you're ready. But a lot of times it's too late to so you know Hey, we're all adults.

We know. We know the risk involved. So here you got a banner. It shows you the best. The best read as far as premium wise.

Okay, you've got banner here. It shows you their ratings, the monthly, and it right here. Exam required. Okay. And, uh, you know, right here pulsing details. So it gives you some We hear.

So at this for this rate class standard. Plus, I cannot exceed 2 59 You can always say below that of money every year if you pay annually on insurance, especially life insurance.

And down here is a pdf all about this product. OK, now, conversions important. Okay. Uh, right here. This is every company is different.

Conversions can be requested any time within generation of the guarantee level. Premium period up to attained age 70. Uh, whichever comes first. Okay. Uh, what this means is, if you purchase this policy, you have up to age 70 to convert it to a permanent policy.

And why would you do that? If you had a serious major health issue where you knew something were you knew you needed coverage and you could not get cover somewhere else.

You'd want to talk to us about converting this policy. Uh, in the sooner you convert, the less the premiums are because it's a detained age.

They keep your health class, but it's a detained age, Okay, so you've got some information here, so Okay, this is the advantage of time Skip Skip exams.

So anyway, that shows you there. Um, And then let's see here.

Then we got down here. We can look to see if the see this See, Were there recommended American Principle National 1 20 a month.

Now, let's click on that, because sometimes, Okay, now you can see here the exam is not required. And I'm just looking here into these around a little bit.

So principles not required. Pacific Life exam not required a i g the exams crap for the subtle difference in the premium.

If you are fairly healthy, I would probably go for No, I would. I mean, I would do the exam not required. Uh, if you've seen it. Okay.

So if you've been here and it gives you an example, So for Pacific life. If you've seen the doctor completed blood work in the last 18 months, you don't need a medical exam.

They'll get some questions over the phone, okay? And with principle principle of Yeah.

So I've done some with principal where the exam wasn't required and based upon the underwriting questions, we had to order the exam. So just go in knowing you may have to end and listen.

They don't even tell me sometimes what the questions work. I anyways, long story short of that is this is a great way to come in here, get some quick quotes.

You now have an idea of what a $500,000 policy would cause for 50 year old male here and I o and what you have to do to get that maybe an exam and maybe not, Of course.

Just call with any questions or send us a quick note. And if you wanted to change up the death benefit at this point, you could click back here, or you could take young here 750,000 and it's just going to rerun you the quote there and you can see that.

So, um, okay, they everyone? Thank you very much.

Oh, the last thing is, if you did find one of these policies, like Pacific life here, you can apply right here. This is the application, and it will walk you through. All the basic information on Bennett will send you an email.

The click to sign. It's fantastic. And it's the way that we do.

Life insurance these days is pretty much over the phone and through the Internet. A lot with meetings, too.

Okay.

Thank you very much.

And reach out with any questions. And you can contact us here.

Thank you.

For an insurance companies, smokers are more likely to have an ongoing health problems and shorter lifespan than non-smokers. Making smoker is more prone to insurance risk. As a result, insurance companies tend to give a higher monthly premiums.

You may find interest to our next article about Boise Life Insurance Agents | Sample Term Life Rates | Idaho 40 Yr Old Male

How Life Insurance Rates Change When You Aged

The cost of life insurance varies greatly depending on a number of factors, including the policyholder’s age, health, and lifestyle. However, there are some general trends that can be used to estimate the average monthly cost of life insurance.

For example, a 20-year-old non-smoking male can expect to pay an average of $20 per month for a basic life insurance policy. A 40-year-old non-smoking female can expect to pay $19 per month, and a 60-year-old male can expect to pay around $16 per month.

4 What Are the Different Types of Life Insurance

There are four main types of life insurance: term life, whole life, universal life, and indexed universal life.

Term life insurance is the most basic and cheapest type of policy. It provides coverage for a specific period of time, typically 10-30 years. If you die during that time frame, your beneficiaries will receive a death benefit. If you live past the term, the policy expires and you get nothing.

Whole life insurance is more expensive than term because it covers you for your entire life. The death benefit is guaranteed, no matter when you die. Whole life also has a cash value component that builds up over time. You can borrow against the cash value or even surrender the policy for its cash value if you need to.

Universal life insurance is similar to whole life, but with more flexibility in how premiums are paid and invested.

Original post here: Boise Life Insurance Agents - Sample Term Life Rates For 50 Year Old Male - Non-Smoker - Idaho Rates