Life insurance at 44

At Ogletree Financial Services we deal with many clients in their early forties. Protecting your family and the life you are building together is now a priority. Getting life insurance at 44 is a smart move and you are in the right place to learn the basics and get in touch with a professional today!

Life insurance at 44 is still very affordable, but don’t wait. For obvious reasons, the cost of life insurance goes up every year you wait. If you get covered now you lock in your premiums at 44. Any health issues you may encounter in the future could also affect your chances of getting life insurance coverage economically.

We’ll show you some sample quotes in a bit, but first let’s briefly answer four common questions those seeking life insurance ask.

What is term versus permanent life insurance?
Why do I need life insurance?
How much life insurance do I need?
How much will my life insurance cost?

This article is just an introduction. As you read this you will probably have more questions. Please feel free to give a call at 1-800-712-8519, we can answer all your questions to help you decide on the life insurance coverage that will be best for you.

What is term versus permanent life insurance?
The two main types of life insurance are term and permanent. Term life insurance can best be thought of as temporary insurance. The term, or length of time your policy will be in effect, will usually match the duration a particular financial responsibility will exist. For example, if you want to insure your loved ones until your children reach adulthood, including their college education, you are probably going to interested in a 15 or 20-year policy.

The death benefit for term life insurance ends when the policy concludes, if the insured dies after the term of the policy, no benefit will be paid. Permanent life insurance, on the other hand, pays a death benefit for the life of the insured. And possibly more importantly, permanent life insurance has a cash accumulation component that adds a dynamic investment vehicle to your policy.

We are mostly referring to term life insurance here, but we have included links to some articles we have written about permanent life insurance, including an exciting product called indexed universal life (IUL). If you are interested in learning more about permanent life insurance, give these articles a read. Or give us a call and find out what Ogletree Financial Services can do for you!

Get started now!!!          1-800-712-8519

Why do I need life insurance at 44?
The main concern for many seeking life insurance is income replacement. You want to make certain that if you were to die unexpectedly, your family (and others who may rely on you financially) would not suffer a financial burden. A life insurance policy can be an assurance that your loved ones can take comfort in the standard of living you have worked hard to maintain.Life insurance at 44

Your children’s college education may also be something to think about when you are considering life insurance. The cost of higher education increases every year. You want to support your children’s aspirations. Many clients include this expense when determining their life insurance coverage.

4 key features of Indexed Universal Life for College Planning

Sometimes small business owners buy life insurance to protect their business in the event that an owner or partner were to die prematurely. Without this type of policy in place, a small business could be exposed to bankruptcy if forced into this position. A small, affordable life insurance policy could see a small business through such a dilemma.

Funding buy sell agreements with indexed universal life insurance

Some forty-four year olds are considering buying a home. A mortgage or other large debt is Life insurance at 44sometimes covered with a life insurance policy. You don’t want your family to bear a large debt of tens or even hundreds of thousands of dollars in addition to the heartbreak of losing a cherished loved one.

Indexed Universal Life for Mortgage Protection?

How much life insurance do I need?
How much life insurance you will need to cover a mortgage or pay for your children’s college education will depend on your family’s personal financial position. Discussion with your agent will be required here.

In the case of a small business, each partner would buy a policy that pays them an amount decided upon that is sufficient to buyout the deceased’s interest in the business. This sum would then be used to purchase the other partner’s interest in the business. At a critical time, this policy guarantees a cash payment to the deceased partner’s family and vital support to the exposed business.

Let’s now look at a quick way to approximate the life insurance benefit you might need to replace the income you provide your family. The idea here is to leave your loved ones a “nest egg” that will earn in interest the yearly income they would need in your absence.Life insurance at 44

First, how much would they need? You’ll want to talk to your agent to decide on a proper figure. You don’t want to purchase more insurance than you need, but you also don’t want to underinsure and not fully protect your family’s financial future.

Let’s use $25,000 for a quick example. You must also choose a conservative interest rate you feel confident that the “nest egg” you leave your family will make. Let’s use a very safe 4%.

and the math … $25,000 / 0.04  =  $625,000

Note that this method of arriving at a benefit amount leaves the “nest egg” intact to further support your family. By now you may have a decent ballpark figure of the amount of life insurance coverage you will need. Let’s look at some sample premiums and you be just about ready to go!

How much will my life insurance cost?
At 44 and in good health your life insurance policy should will be quite affordable. Get in touch with the experts at Ogletree Financial Services to be sure. We represent over thirty top insurers and we can pair your unique risk with the best life insurance company to insure your family.

We have four tables with some sample monthly premiums for a non-smoking, 44-year-old male and female. Note that these sample quotes are for term life Life insurance at 44insurance. There is a table for a preferred plus risk rating and one for a standard risk rating for both males and females.

Term lengths of 10, 15, 20, 25, and 30 years, with face values of $100,000, $250,000, $500,00 and $1,000,000 are shown. These are only sample premiums, your premium will be based on how your unique risk is assessed.

44-year-old Male Preferred Plus Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $13.32 $17.86 $29.76 $50.12
15-year $14.44 $21.32 $38.45 $70.85
20-year $16.78 $26.69 $49.68 $87.71
25-year $23.01 $38.63 $70.35 $135.10
30-year $27.18 $43.38 $79.92 $152.93

44-year-old Male Standard Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $20.01 $34.37 $60.90 $98.96
15-year $21.37 $44.59 $71.22 $130.10
20-year $25.75 $52.42 $95.04 $183.17
25-year $36.24 $71.28 $135.10 $257.25
30-year $43.68 $92.00 $164.16 $298.37

44-year-old Female Preferred Plus Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $11.99 $16.78 $25.06 $43.60
15-year $13.21 $21.32 $30.62 $55.71
20-year $14.96 $25.51 $39.74 $71.28
25-year $19.29 $35.16 $54.16 $101.85
30-year $21.78 $39.27 $63.07 $120.10

44-year-old Female Standard Health Category
Term Life Policy – Sample Monthly Premiums – Non-smoker

$100,000 $250,000 $500,000 $1,000,000
10-year $17.30 $26.73 $50.11 $82.52
15-year $20.27 $32.25 $62.24 $107.65
20-year $22.79 $43.07 $74.74 $141.70
25-year $27.47 $52.85 $98.09 $188.05
 30-year $30.19 $60.50 $117.50 $219.77

Life insurance at 44

Hopefully, you are feeling a little more informed and ready to get started right now! This is an important decision for you and your family, get a pro in your corner and do it right. Ogletree Financial Services can confidently guide you and yours to a confident financial future!

Getting started is easy!
Give us call at 1-800-712-8519!
Leave us a message on our contact page to get a custom quote!
Use the term quoter on the left side of this page!

About Ogletree Financial Services
About Ogletree Financial Services

As independent life insurance agents, we specialize in finding the best life insurance rates and policies for our clients.  Our customers are located all over the USA.  If you would like a personalized life insurance quote, you can start here on our website or give us a call at 1-800-712-8519.

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