{"id":2770,"date":"2018-08-13T12:26:24","date_gmt":"2018-08-13T16:26:24","guid":{"rendered":"https:\/\/blq.wpengine.com\/?p=2770"},"modified":"2023-08-06T15:24:54","modified_gmt":"2023-08-06T20:24:54","slug":"best-life-insurance-in-your-30s-and-40s","status":"publish","type":"post","link":"https:\/\/www.bestlifequote.com\/blog\/best-life-insurance-in-your-30s-and-40s\/","title":{"rendered":"Best Life Insurance In Your 30s and 40s"},"content":{"rendered":"

You\u2019ve started to reach the stage of life where you\u2019ve settled down. You may have a mortgage, maybe a family with some kids.<\/p>\n

Hopefully, you have a steady paycheck coming in. Or maybe none of these factors describe you. Each person and family is different.<\/p>\n

Long gone are the days of the \u201cnuclear family,\u201d with a dad, mom, one son, and one daughter. Families come in all shapes and sizes, which means life insurance needs to do the same.<\/p>\n

If you’re in your 30s or 40s, you have more bills and responsibilities than you did in your 20s, which your insurance should match.<\/p>\n

This article is going to show you how to protect your loved ones from being responsible for all your bills. We can help you purchase a life insurance policy you can afford.<\/p>\n

Life Insurance In Your 30s<\/h2>\n

First, let\u2019s look at life insurance for people in their 30s. Most people begin to seriously start looking at buying life insurance in their 30s, but whether or not you need life insurance now depends.<\/p>\n

At this point, you have to ask yourself a few questions.<\/p>\n

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  1. Would someone suffer financially if you passed away?<\/strong> Yes, there will be a lot of people who are going to have emotional pains, but what about their bank accounts?<\/li>\n
  2. How much debt do you have?<\/strong> If you have a mortgage, student loans, or business loans, then you should hold a life insurance plan.<\/li>\n<\/ol>\n

    In your 30s, it’s a good idea to buy a 30-year term life insurance policy<\/a>. 30-year plans will get you close to retirement, but they are still an affordable option.<\/p>\n

    In your 30s, your policy could be as low as $30 a month<\/strong> for a $500,000 policy<\/strong>.<\/p>\n

    Life Insurance In Your 40s<\/h2>\n

    Now, let\u2019s look at applicants who are in their 40s.<\/p>\n

    The difference between the 30s and 40s is massive when it comes to life insurance.<\/strong><\/em><\/p>\n

    When you hit your 40s, you reach a lot of significant events. One of those should be purchasing life insurance.<\/p>\n

    If you don\u2019t already have a plan, it\u2019s not too late; you can still get an affordable policy. We work with a lot of applicants in their 40s who assume their policies are going to be unbearably expensive.<\/p>\n

    You will be surprised at how affordable your policy can be, but do you need a life insurance plan? How much coverage do you need?<\/p>\n

    Before you buy life insurance in your 40s, you need to make some decisions. One purpose of life insurance is to give your children enough money to get through school.<\/p>\n

    If you want to provide tuition coverage, you need to ensure your plan lasts until after they graduate.<\/p>\n

    How many more years until you retire? <\/strong><\/p>\n

    Once you\u2019ve retired, your needs are going to completely change. Depending on your age, you may want to consider a 20-year term plan instead of a 30-year policy.<\/p>\n

    In your 40s, your policy is going to be a little more expensive, possibly around $50 a month<\/strong>.<\/p>\n

    Best Companies<\/h2>\n

    To help get you started on your life insurance search, we\u2019ve brought you a list of some of the best insurance carriers<\/a> for your age group (from our experiences).<\/p>\n

    AIG Direct<\/h3>\n

    \"aigYou\u2019ve heard of AIG. They are one of the most prominent insurance carriers in the United States, with over 90 million policyholders across 80 countries.<\/p>\n

    AIG Direct is the life insurance portion of the company. There is a reason so many people have chosen AIG instead of one of the other companies out there.<\/p>\n

    AIG has just about every kind of life insurance policy you can imagine:<\/p>\n