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I have a newsflash for you fellas – you are not Superman. Even more reason why life insurance for men is very important. If there are dependents who rely on you for some financial support you should want to secure their future by making the right decision buying life insurance protection.

term life insurance quotes men

Imagine if you were to pass away (fun thought, right), would your family be left with thousands of dollars of debt? How would the replace your salary? More than likely, they would struggle financially if anything tragic were to happen to you. Luckily, that’s where a life insurance policy comes in.

This post will take a closer look at the term life insurance rates for men and reinforce why you need to buy life insurance today.

Why Does Life Insurance Cost More For Men?

Over history insurance companies have developed methods that show them if charging men and women the same how will that work with their risk. The tables they use let them know that men should be charged a higher price because of things like life expectancy and how diseases and health issues arise in men faster than in women. If you smoke, participate in dangerous activities, and deal with health issues it could lower the mortality rate. It is know that men live shorter lives than women and this plays a large part in the difference of rates. Recent studies have indicate a longer life for women by about 5 yrs. .

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What Can Affect The Premium I Pay For Insurance?

Smoking is one habit that will cost you big. Studies show that smokers are more likely to die from health conditions caused by smoking. Because the chances of dying from smoking-related causes is so prevalent, many life insurance companies in the U.S. charger higher rates to compensate them for the added risk of extending a policy. Insurance companies also take in to consideration how much you smoke. Someone that only smokes two or three times a day is likely to pay a lower premium than someone who smokes multiple packs a day.

In fact, smokers normally pay at least double for their life insurance policy. With some companies, you could pay triple compared to someone who doesn’t smoke. If you’ve wanted to quit, just imagine the thousands of dollars that quitting will save you on your life insurance coverage. That should be enough motivation.

Note: Are you a smoker? Here’s some information on life insurance rates for smokers.

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Your mental health is considered a big part of your overall health. Not all types of mental illness are considered a risk. Insurance companies care that you are working to stabilize that situation. Most insurers need to understand you’re consistently working on any health conditions you have and if you aren’t then it does make you high risk. Some depressions are viewed as a risk factor, because they have a higher risk for suicide.

Aside from mental health, the insurance company wants a picture of your overall physical health, which is play a huge role in determining how much of a risk you are to insure. The more risk, the higher your monthly premiums. Once the application is signed, you’ll be required to undergo a medical exam (unless you choose a no medical exam policy, which will be much more expensive). During this medical exam, the company is interested in looking at your blood pressure, weight, heart rate, and they will also collect a blood sample and urine sample.

If things come back good from the exam, the better rates that you get. If you’re looking to save money on your insurance policy, it’s time that you improved your health through a healthy diet and regular exercise. Doing each one can lead the carrier to quote you lower premiums.

Your driving record not only affects your auto insurance premiums but also you life insurance premiums. This may come as a shock that your life insurance premiums are affected by this, but if you have been caught speeding on multiple occasions within a certain time frame, you will be considered a habitually risky driver.

Dangerous hobbies and activities will also change how the insurer looks at your risk profile. Your chances of dying early or incurring a catastrophic injury are higher by partaking in extreme sports. There are also other companies that will exclude payment if you die while participating in these activities.

Here are a few of the activities that could affect your premium:

  • Sky Diving
  • Base Jumping
  • Aviation
  • Bungee Jumping
  • Hang Gliding
  • Rock Climbing
  • Scuba Diving

If you don’t participate in any of these activities now or have plans to do so, there is no consequence if something were to happen to you if you decided to participate in one of these activities.

Term Insurance Is The Most Affordable Type Of Life Insurance.

Like its name states, term insurance is good for a certain time period, whether it be 10, 20, or 30 years. Term insurance does not generate cash values, and you cannot borrow against the policy. These policies are a great way to protect your family during times in your life where you have outstanding debt, such as a mortgage or kids college tuition to pay for. These are financial burdens that you would not want to leave behind if you were to “kick the bucket”.

Here are some examples of term life insurance quotes for healthy, non-smoking males. Note that these rates are annual premiums.

10 Year Term Policy for Men

10 Year Policy$100k Face Amount$250k Face Amount$500k Face Amount
Age$100,000$250,000$500,000
30$83$115$170
40$98$140$220
50$166$280$500
60$329$702$1,345

20 Year Term Policy for Men

20 Year Policy
Age$100,000$250,000$500,000
30$109$155$245
40$132$208$355
50$269$504$930
60$638$1,308$2,555

30 Year Term Policy For Men

30 Year Policy
Age$100,000$250,000$500,000
30$147$225$385
40$204$342$620
50$403$798$1,535

Term Insurance For Men Recap

Hopefully by now you’ve realized by now that more than just kryptonite can you take you down.   As the “man of the household” take care of your family and get a cheap term life insurance policy today, the younger the healthier the better. As you can see getting life insurance younger as opposed to purchasing life insurance in your 50’s can save you a good bit of money!

If you are a man looking for the best rates or a wife searching for her husband, the sure fire way to get great rates is to seek out independent agents, like ours at Life Insurance by Jeff. Unlike at traditional agencies, we don’t work for one specific company. Instead, we represent practically any company we feel provides a great product and fantastic customer service.

The easy thing is to imagine yourself living a long and healthy life. However, statistics show the probability of that happening is lower than it used to be. Don’t let ego get in the way of purchasing life insurance on yourself. You are not promised to live past today, and it would be a mistake to assume your family doesn’t need the coverage you could buy.

Aside from getting a life insurance policy, you need to ensure that your coverage is sufficient enough to cover all of your families need if you were to pass away. There are several different factors that you’ll need to account for when calculating your life insurance need.

The first is your debt. One of the primary goals of your life insurance policy is to help your dependents pay off any expenses that you leave behind, like your mortgage, funeral expenses, medical bills, student loans, and many other debts. Add up any bills that your family would be responsible for and make sure that your policy is large enough to cover those expenses.

Another factor to consider is your annual salary. If you’re one of the main income earners in your household, your family would struggle to pay for essential things if they no longer had your paycheck coming in every month. That’s where a life insurance policy is so important. It gives your family the money they need to replace your salary without sacrificing their standard of living.

Find yourself with questions on life insurance or about the coverage you need, reach out to us today. We love answering any questions that you have and ensure that you’re getting the best coverage for your family. You can’t predict the future, don’t wait to get your family the insurance coverage that they deserve.

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