At 39, most people are busy with raising a family, owning a home, and focusing on their careers. It is the period where purchasing a life insurance policy is never a priority. But finding the right option from cheap life insurance providers for 39-year-olds is the best way to protect your family and loved ones financially in the event of your death. It ensures you get coverage that replaces your income, covers expenses your family may incur by paying for your children's education, and settling debts.
What We'll Cover
- Tips for Choosing the Best Cheap Life Insurance Provider for 39-Year-Olds
- Check the Provider's Financial Strength
- Ensure the Customer Service Is Excellent
- Consider Available Policy Types
- Check the Company Size
- The 6 Cheapest Life Insurance Providers for 39-Year-Old women and men
- States With The Cheapest Policy Rates for 39-yr-old People
- The Bottom Line on Choosing Between Cheap Life Insurance Providers for 39-Year-Olds
However, it can be challenging to choose the best and most affordable life insurance provider that meets all your needs and future expectations. The intent is to buy coverage from a company that offers great benefits from excellent customer service to competitive premiums. This post provides insights into the top cheap life insurance providers for 39-year-old adults, including what to look for when choosing a life insurance company.
Tips for Choosing the Best Cheap Life Insurance Provider for 39-Year-Olds
Purchasing a life insurance policy means paying for something which will be part of your life for several years to come. With that in mind, here are expert tips for choosing the best life insurance provider.
Check the Provider's Financial Strength
The best life insurance company should have better ratings on its financial stability, ensuring it can provide the needed funds promptly in the event of your death. These include ratings from at least one of these independent agencies: AM Best, Fitch Ratings, Moody's, Standard & Poor's, or Kroll Bond Rating Agency. It guarantees that the insurance company is reliable and will release funds to your beneficiaries after your death.
Ensure the Customer Service Is Excellent
Most insurance companies involve hundreds or even thousands of customers with different queries, concerns, and inquiries. The best life insurance provider offers exceptional customer service. Companies with easy-to-use websites, agents to provide advice, and short-hold call services tend to provide high-quality customer service. Customer reviews can provide more details about the customer service of an insurer you may consider buying coverage from.
Consider Available Policy Types
Not all life insurers offer all types of policies; some have three or fewer policies for you to choose from. Although a life insurance company may possess all the characteristics you need but lacks a policy type you desire, it is essential to consider other options. Choosing the wrong policy type can be detrimental to you and your loved ones when it comes to monthly premiums, policy amount, and other elements. Always consider an insurer that best fits your needs.
Check the Company Size
Typically, a life insurance company with the most assets tends to be the most solvent; therefore, it’s less likely to go bankrupt or run into financial difficulties. Besides, an established insurance company enables you to select a jumbo policy, which offers a high payout. Contrarily, choosing a small life insurance company enables you to access a more congenial atmosphere and achieve more personalized customer service.
The 6 Cheapest Life Insurance Providers for 39-Year-Old women and men
Purchasing a life insurance policy at 39 years old is critical because you are expanding your family, buying a house, adding some new debts, and having people depending on you. But to get the right coverage, you require the best cheap life insurance provider. That said, here are the top cheap life insurance providers for a 39-year-old.
Established in 1907 and with an A+ financial strength rating from AM Best, Protective Life is among the best cheap insurance providers for 39-year-old adults. The company offers numerous types of policies, including term life, child life, universal life, and whole life. Term life insurance quotes are readily available online through third-party agents. Contrarily, you will need to work with an agent when seeking a whole life or universal life policy.
Protective Life offers competitively low prices for term life insurance. They also have ample riders such as an accidental death benefit rider, disability income rider, and waiver of premiums. You can purchase a life insurance policy of between $100,000 and $50,000,000 in term lengths of 10 to 40 years.
As a healthy man or woman seeking $100,000 coverage, your monthly premium would be around $7.82. However, the cost of the policy will vary depending on factors, like the policy, term length, health, and lifestyle.
Sproutt is the best life insurance provider that connects healthy 30- to 45-year-old people with affordable life insurance options through unique tools and an exceptionally easy-to-use website. If you're a 39-year-old adult, Sproutt enables you to get term life insurance from $50,000 to $4,000,000 for terms of 10, 15, 20, or 30 years. Sproutt’s Quality of Life Index (QL Index) calculates your quote estimate based on the answers you provide.
The company uses a specific set of questions to offer the best rates for its customers, including the ideal policy based on personal preferences. This lets individuals make better life choices when purchasing a life insurance policy. Also, the company does not require medical exams for customers. But your policy cost and monthly premium will rely on factors like lifestyle choices, gender, profession, and location.
Suppose you are a 39-year-old healthy man or woman seeking a $500,000 life insurance policy for a 20-year term; you will pay a monthly premium of between $22.36 and $28.65.
SelectQuote is not a life insurance provider; it is an insurance sales agency that offers real-time quotes from leading life insurers like Protective Life and Prudential. The agency allows you to access term life and whole life policies and get up to $5,000,000 coverage. The main benefit of using SelectQuote is that it offers renewable policies and high life insurance amounts. Also, the term policies can be converted to permanent coverage.
SelectQuote was established in 1985 and has become among the top life insurance brokerage, housing top insurers in the country. Buying your life insurance policy through SelectQuote gives you a term of up to 30 years. However, the policy cost and term length depend on the customer's age, health status, lifestyle, family history, gender, occupation, and tobacco use.
Transamerica is a great option for a 39-year-old in need of a final expense policy on a low-cost term insurance policy with living benefits. The company is A-rated and offers a wide array of policies and riders. With roots dating back to 1904, Transamerica is a rigid insurer with life insurance products that include universal and whole life insurance policies.
Furthermore, the term life policy is offered in two options: Trendsetter Super and Trendsetter LB, making it unique. The difference is that buying a Trendsetter LB policy enables you to get accelerated death benefits in specific circumstances. The insurer also has a policy that covers final life expenses like funeral and cremation costs. The only downside is that you will have to find a contact number or agent locator to purchase your policy. Transamerica lacks an online application service.
You can purchase a policy at Transamerica for terms of 10, 15, 20, 25, or 30 years with death benefits ranging from $25,000 to $10,000,000. Unlike most cheap life insurance providers for 39-year-olds, the company only offers longer terms, i.e., 25 or 30 years, for young and reasonably healthy customers.
For a healthy 39-year-old man or female seeking a life insurance policy from the company, monthly rates start from $9.68 depending on factors such as health, lifestyle, policy type, and term length.
Mutual of Omaha
Mutual of Omaha operates as a mutual company offering life insurance products. They also offer disability income insurance, insurance for long-term care, Medicare supplement insurance, and other financial services. The company offers reliable and affordable life insurance policies, including term life, whole life, and universal life. The coverage amount starts at $100,000 for term periods of 10, 15, 20, and 30 years.
The company has online estimates, but policies have to be purchased through an agent. For a 39-year-old healthy man or woman, expect to pay as low as $14.28 per month for a 10-year term. The rates will vary depending on factors such as your health status, lifestyle, tobacco use, gender, and preferred policy.
Ethos Life is the best life insurance provider designed for diverse age groups, including 39-year-old adults. The company offers multiple types of underwriting to accommodate different customers: simplified issue, fully underwritten, and guaranteed issue. Death benefits start from $20,000 to $1,500,000 for a term period of 10, 15, 20, 25, and 30 years. Applications are 100% online, and you don't need to undergo a medical exam when purchasing a policy under $1,000,000.
When applying for coverage from Ethos Life, you will receive your quote within minutes without interacting with an insurance agent. This makes it appropriate for you since you have a lot on your plate and don't have time to email the company for your quote.
If you are a healthy 39-year-old man seeking $100,000 coverage for a term of 10 years, your estimated monthly rate would be between $11 and $16. But a healthy 39-year-old woman will pay between $10 and $14.
States With The Cheapest Policy Rates for 39-yr-old People
For a 10-year term policy, $500K coverage:
|State||Average Monthly Cost|
|Ohio||The average Life Insurance cost for 39 yr olds in Ohio is $18.50 per month for male and $15.69 per month for a female.|
|Kentucky||The average Life Insurance monthly premium for 39 years olds in Kentucky is $15.60 for females and $17.89 for males.|
|Florida||The average Life Insurance premium in Florida for a 39 years old is $19.29 per month for a female and $23 per month for a male.|
|Illinois||The average premium of a Life Insurance for 39 yr-olds in Illinois is $14.73/month females and $16.48 males|
|Minnesota||The average Life Insurance rate in the state of Minnesota for a 39 years-old is $17.99 monthly for a female and $20.59 monthly for a male|
|Michigan||The average Life Insurance cost for 39 yr olds in Michigan is $23.89 per month for male and $20.38 per month for a female.|
|Massachusetts||The average Life Insurance premium in Massachusetts for a 39 years old is $21.69 per month for a female and $22.78 per month for a male.|
The Bottom Line on Choosing Between Cheap Life Insurance Providers for 39-Year-Olds
Approaching your 40s requires you to protect your family and what you have worked for with a life insurance policy. At 39, you have the opportunity to get your coverage and protect your loved ones financially with one of the top cheap insurance providers above. However, the best way to get the best rate is to compare prices from different providers by clicking below.