30 Year Term Life Insurance

Is a 30 year term life insurance the best policy for you? If you have a long term need for life insurance coverage, a 30 year term life insurance policy could be the perfect policy for you.

Although more expensive then shorter duration term plans, the 30 year term life insurance cost is still an excellent long term value for younger applicants looking for a large amount of life insurance coverage.

So, how do I find the best 30 year term life insurance quotes? Many life insurance companies specialize in offering different types of life insurance policies. So, it can be difficult to know which life insurance company can offer you lowest 30 year term life insurance rates for your family.

Affordable Life USA helps individuals and business owners identify the perfect type of life insurance policy to compliment their overall financial plan. We hope to provide you with education information to help you determine if a 30 term life insurance policy is best type of policy for your family. In this article, we will cover a few different topics including:

  • What is a 30 year term life insurance policy?
  • Who should consider 30 year life insurance?
  • How to compare 30 year term life insurance rates?
  • How to apply for coverage?
  • Who are the top 30 year term life insurance companies?

What is 30 Year Term Life Insurance?

A term life insurance policy offers guaranteed death benefits and level premiums for an initial period such as 10, 15, 20, or even 30 years.

What is 30 Year Term Life Insurance? With a 30 year term life insurance policy, your beneficiaries will be guaranteed protection if you should die within the thirty year time period. Both your death benefit and your 30 year term life insurance rates are guaranteed to remain the same while your policy is active.

Who Should Buy a 30 Year Term Life Insurance?

Is a 30 year level term life insurance policy right for you? Most 30 year term life insurance policies are popular for people in these type of common scenarios:

  • Married  Most young couples can easily qualify for affordable 30 year term life insurance quotes which can cover them during their entire working career.
  • Children  Level term life insurance policy is ideal for couple who are expecting a child or who have very young children. Plus, the 30 year term life insurance premiums are very affordable and will cover your children until they are into adulthood.
  • Mortgage Protection A thirty year mortgage protection life insurance plan can be perfect policy for people needing to protect a 30 year mortgage.
  • Income Protection A term life insurance policy is ideal for couples needing to protect their income to surviving family members. Should something happen to you, a thirty year term will provide replacement income supporting your spouse and any other dependents in the meantime.

In cases like these, a 30 year term life insurance policy would be a great option to pursue. If you are in your your in your 20′ or 30’s and have a family, it will cover you during these periods when you need protection the mostAs you can see, 30 year guaranteed level term is ideal for people who need life insurance protection for a long time, but not necessarily their entire lifetime.

Qualifying for 30 Year Term Life Insurance

Most life insurance plans are medically underwritten. Although more expensive in cost, getting 30 year term life insurance no medical exam required is still possible. So, it is important check into whether you can qualify for coverage before deciding which application process to pursue.

Just because you have a medical condition does not mean that you will be turned down or need to pay the highest rates. If you can demonstrate that you are following your doctor’s recommendations you can also receive similar rates to healthy applicants.

Locking in your rates for thirty years is also much recommended for people with medical conditions. Once you are approved for coverage you never need to re-qualify for the policy. As people get older or if a medical condition gets worse, its often gets harder you to qualify for life insurance.

Affordable Life USA pioneered the concept of selling affordable life insurance by phone, mail, and internet on a nationwide level. We assist consumers by providing affordable 30 year life insurance rates with easy to understand insurance planning concepts.

In order to get an accurate 30 year life insurance costs, you will eventually need to apply for coverage. Here is a brief summary of the application process for life insurance:

  • First, your general medical history is initially evaluated by our agents to determine which company may be best suited for your particular medical history.
  • Next, your life insurance needs are discussed to find an appropriate plan and amount of insurance for your needs and budget.
  • Then, some life insurance companies will also require you to do a brief insurance examination.
  • Your medical information and exam are submitted to several highly rated companies to determine which carrier would be willing to offer coverage at the most competitive rate class.
  • The underwriting process can take between 3-4 weeks depending on the details of your medical history.

This process allows us to provide you with very accurate 30 year life insurance rates based on how your medical history fits with each company’s underwriting guidelines.

30 Year Term Life Insurance Quote

Do you Need a 30 Year Term Life Insurance Quote?

So, you think a 30 year term plan would be good policy for you. Naturally, you will want to compare quotes in order to get the best 30 year life insurance rates. Since, thirty year term life insurance quotes can vary from one company to another, it really pays to evaluate many companies.

Affordable Life USA  makes finding the insurance companies that have the best rates for people easy. It will only take you a few minutes to perform a quick search using our life insurance calculator.

To compare the 30 year term life insurance cost for your exact age press “Get Quote” below:

 30 year term life insurance quoteThirty year term life insurance is a popular product because it is much more affordable than a permanent life insurance, like universal life or whole life. However, if a 30 year policy is too expensive, perhaps a 10 year term or even a 20 year term policy would a better fit for you.

If you do feel the 30 year level term is best for your family do not hesitate! In the last few years, many life insurance companies have discontinued offering 30 year life insurance policies.

Insurance companies must keep adequate long term reserves to be able to offer these plans. Carriers are not getting the rate of return they once were able to earn on their reserves. This has forced many companies out of the market.

Top 30 Year Term Life Insurance Companies

Looking for the best 30 year term life insurance companies? Your search is over! Here is a list of some of the highly rated life insurance companies currently offering affordable 30 year term life insurance quotes.

Financial ratings for life insurance companies ratings are very important to us when selecting a life insurance company for our clients. We monitor the financial strength and claims paying ability of life insurance companies by using a number of different independent rating agencies such as A.M Best, S&P, Fitch, and Moody’s.

The life insurance companies (listed alphabetically below) offer the best combination of ratings, underwriting fairness, and inexpensive rates.

AIG 10 Year Term Life Insurance Select-A-TermAIG (American General) Plan Summary:

  • 30 year policy name: Select-A-Term 30
  • Type of policy: Term Life Insurance
  • Issue age: 20-55
  • Minimum coverage amount: $100,000
  • Maximum coverage amount: $10,000,000+
  • Policy riders: Accidental Death Benefit, Child Rider, Terminal Illness Rider, Waiver of Premium Rider, Select Income Rider
  • Guaranteed conversion option: Yes
  • Financial Stability Rating: A.M. Best (A)

 

Banner 10 Year Term Life Insurance Quote Opterm 10

Banner Life 30 Year Term Plan Summary:

  • 30 year policy name: OPTerm 30
  • Type of policy: Term Life Insurance
  • Issue age: 20-55
  • Minimum coverage amount: $100,000
  • Maximum coverage amount: $10,000,000+
  • Policy riders: Waiver of Premium Rider, Term Rider, Children’s Rider
  • Guaranteed conversion option: Yes
  • Financial Stability Rating: A.M. Best (A+)

 

Protective 10 Year Term Life Insurance Quote Custom Choice 10Protective Life 30 Year Term Plan Summary:

  • 30 year policy name: Custom Choice UL 30 Year Term
  • Type of policy: Hybrid Term/UL Life Insurance
  • Issue age: 18-55
  • Minimum coverage amount: $100,000
  • Maximum coverage amount: $10,000,000+
  • Policy riders: Accidental Death Benefit Rider, Children’s Term Life Insurance Rider, Disability Benefit Rider, ExtendCare Rider, Income Provider Option, Accelerated Death Benefit
  • Guaranteed conversion option: Yes
  • Financial Stability Rating: A.M. Best (A+)

Prudential Life 30 Year Term Plan Summary:

  • 30 year policy name: Term Essential 30 Year Term
  • Type of policy: Term Life Insurance
  • Issue age: 18-55
  • Minimum coverage amount: $100,000
  • Maximum coverage amount: $10,000,000+
  • Policy riders: Waiver of Premium, Children’s Insurance Rider, Accident Indemnity,
  • Guaranteed conversion option: Yes
  • Financial Stability Rating: A.M. Best (A+)

Transamerica 10 Year Term Life Insurance Quote Trendsetter

Transamerica Life 30 Year Term Plan Summary:

  • 30 year policy name: Trend Setter Super 30 Year Term
  • Type of policy: Term Life Insurance
  • Issue age: 18-58
  • Minimum coverage amount: $25,000
  • Maximum coverage amount: $10,000,000+
  • Policy riders: Waiver of Premium, Children’s Insurance Rider, Accident Indemnity, Income Protection Rider
  • Guaranteed conversion option: Yes
  • Financial Stability Rating: A.M. Best (A+)

Honorable Mention 30 Year Term Life Companies

Getting approved for life insurance is the most important thing when looking into life insurance coverage. The premiums you pay will ultimately depend on your overall health. The actual price you pay for insurance is based on many personal factors like height, weight, medical background, and family history.

Affordable Life USA expedites the underwriting process by shopping your policy with multiple insurance companies.

We also utilize many other companies which sometimes end up with better prices for you after the underwriting process takes place. If you need help determining the best option for your family, please do not hesitate to call us at 1-877-249-1358.

Here are other quality 30 year term life companies:

Lincoln National
Mass Mutual
Midland
North American Life
Pacific Life 
Principal Life
Prudential
United of Omaha

30 Year Term Life Insurance Rate Chart

So, if you’re looking to get a thirty year policy you should probably act now! After all, you are getting any younger and may never be better health than you are today. Plus, longer term life insurance policies may not always be available or as affordable as they are right now.

Please take a quick look at the 30 year term life insurance rate chart below and notice how much more expensive your rates get as you get older in age.
Age $250,000 $500,000 $750,000 $1,000,000
  Age 20  $19   $31   $44  $53
Age 30 $20 $32 $47 $58
Age 40 $30 $53 $76 $99
Age 50 $66 $125 $185 $252

* The sample on the 30 year term life insurance rate chart is for a male non-smoker, with a Preferred Plus rate class.

Affordable Life USA  makes finding the insurance companies that have the best rates for people easy. It will only take you a few minutes to perform a search using our term life insurance calculator.

Simply, click our “Get Quote” icon to discover how little you can be paying for life insurance:

 30 year term life insurance quote

Introducing Eric Van Haaften:

Eric Van Haaften

Affordable Life USA is a nationally licensed and independently operated life insurance agency. The agency was started by Eric Van Haaften, over 25 years ago, from our home office located in Grand Rapids, Michigan. Please feel free to email him at: eric@affordablelifeusa.com, or call us at 1-877-249-1358.