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Best Life Insurance For A Male Aged 49

By James Tobin, CFP®

Last Updated on

 

Critical Takeaways

  • Choice of best carrier depends on your health
  • Rates Increase Significantly At Age 50
  • Independent agents are the best choice for applicants with existing health issues
Best Life Insurance For A Male Aged 49
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Expert Review Of Life Insurance For A Male Aged 49

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Reviewed by

Jim Tobin, CFP®

Why you can trust this review

At Life Insurance Help Desk, we value our editorial independence. We keep our reviews strictly factual so you can use them to make informed decisions. Life insurance carriers referred to on this site do not approve reviews. 

This article is about finding the best life insurance for a male aged 49. If that is you (or your spouse), you are in the right place.

Age 49 can look a lot different depending on your life. whatever your motivation whether it's to get to retirement or to ensure your kids educations, life insurance can provide a security blanket. 

Customers of all ages (not just 49) tend to have some basic questions about life insurance ranging from rates and terms to who are the best companies for their situation (note that we provide rates for all health classes ..not just the super healthy rates you see in bait and switch ads).

This article addresses the most common issues facing life insurance shoppers in general and 49 year old males in particular. The  links below will allow you to jump around to the subjects that interest you.   

Is  Forty Nine a Good Age For A Man To Get Life Insurance?

As a life insurance agency, it's easy to say that anytime you have people who depend on you is a good time to buy life insurance. While there is definitely some truth to that statement it avoids the question about age 49 being a good time for men.

The reality is that the best time to buy life insurance is when you are young and healthy. That said, fortynine is a fantastic age for men to purchase life insurance.

Her is why:

At age 49 males still have the opportunity to obtain policies ranging from 10-30 years at affordable rates. With significant price increases right around the corner (50 is more than just a number to insurance carriers), this is the time to get the policy that will serve your needs.     

How Does A  Man Age 49 Decide On The Amount and term Of Coverage Needed?

There are an endless number of tools and methods that can be used to determine the ideal amount of life insurance coverage. In fact, the life Insurance Help Desk has its' own version called  L.I.F.E. tool (loans,+income+future plans+education) that we use.  

Nonetheless, the truth is most people have a pretty good idea of what they are looking for and what they can afford.Therefore in most cases life insurance shopping becomes an exercise centered on rates and policy preferences. 

In either case we would encourage you to  work within your budget as a lapsed policy is of no value to the customer or the agent.  

How Much Does Life Insurance  For a Male Aged 49 cost?

The cost of life insurance is correlated primarily to

  • age 
  • amount of coverage
  •  length of term
  •  health rating

While costs can vary significantly among different carriers, these 4 criteria will be the primary drivers of price.   

Note About Life Insurance for male Smoker, age 49

A quick note about tobacco use. A cursory look at the rates will let you know that smoking (an mostl tobacco use) is really expensive when it comes to life insurance.  This is not meant to lecture , but rather to incent you to save money. 

If you are able to quit for 2 years you will be eligible for preferred rates. That is quite a savings.

10 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Tobacco

Standard Tobacco

$100,000

$13.61/mo.

15.71

20.21

22.37

41.33

59.49

$250000

22.49

27.56

36.08

41.55

91.96

127.92

$500000

39.09

48.68

65.02

75.83

171.60

230.99

$750000

55.41

69.79

94.95

111.17

254.54

343.43

$1000000

66.56

85.44

115.62

142.75

316.25

442.83

15 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$16.86

19.30

25.24

26.94

52.71

73.74

$250000

29.03

33.23

38.00

52.32

117.92

160.38

$500000

51.24

59.38

81.48

97.13

212.57

306.24

$750000

74.27

86.49

119.64

143.12

316.12

456.50

$1000000

94.85

111.41

149.83

185.16

404.95

575.96

20 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$20.35

24.33

32.64

33.25

69.26

93.28

$250000

36.42

42.91

57.31

65.81

150.48

193.07

$500000

65.88

78.52

108.04

123.80

278.29

364.00

$750000

96.24

115.21

159.48

183.11

414.85

543.42

$1000000

125.39

148.50

205.53

237.17

546.11

715.83

30 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$33.11

39.29

49.37

57.49

110.25

120.75

$250000

62.04

73.03

101.80

117.53

247.85

283.58

$500000

115.88

138.06

194.60

221.89

461.10

528.53

$750000

173.21

204.52

289.32

330.10

688.61

789.84

$1000000

221.77

260.91

362.91

426.75

896.97

1023.12

are the quotes on this site reliable For A 49 Year Old Man?

If the information entered is correct the rates offered on this site are perfectly accurate. The difficult part is knowing what an insurance company is going to rate your health. Most people are healthier or less healthy than they think. 

Because on 10% of applicants wind up with a preferred plus rating , the best policy is to get quotes at standard or standard plus and hope to be pleasantly surprised. Alternatively you can use the custom quote available on this site.

What Are The Best Life Insurance Companies For A 49 Year Old Man

Determining the "best company" is really about determining the best company for you.

What we mean by this is that assuming a strong financial rating (LIHD only offers A rated or better carriers) , what matters is rate and policy preferences. 

Beyond base rates for the super healthy, rates will vary from company to company based on the specific carriers appetite for a specific health concern. 

For example Principal Financial is known to be more lenient with sleep apnea than some other carriers. Therefore, you might get a standard plus or even a preferred rate whereas you would be stuck at standard at best with other carriers.

The best way to navigate existing health concerns is to use an independent broker with access to 50+ carriers (more on that in sections below).

The other criteria, aside from rate , is policy preferences. This generally refers to available policy riders such as a disability waiver or a child rider. Different companies have differing riders available and this can be a deciding factor.

Aside from riders one carrier in particular, Protective Life, offers a choice of annuity style payout that lowers your cost and ensures your heir won't spend everything at once. Protective also offers a policy that you can continue at the end of the term with decreasing coverage instead of increasing rates. This is a unique option in the life insurance market and wildly popular.  

S, as you can see, best company is specific to your situation. Nonetheless, the Life Insurance Help Desk is currently loving the aforementioned Protective Life, Prudential (for lenient underwriting) and SBLI for accelerating the underwriting process at no additional premium. 

How Does a man Age 49 obtain the best rates with existing health conditions

The answer to this questions can only be stated one way: 

USE AN INDEPENDENT AGENT

As we briefly explained in the section above, every carrier has a different appetite for specific health concerns. The result can mean getting offers that are 2-3 grades differnt from different carriers. If you use the charts above it's pretty clear that getting a preferred rate rather than a standard rate is consequential. The larger the coverage amount, the more stark the savings (or loss) depending on the rating you recieve.

While it doesn't take a NASA scientist to know that paying less is better, it does take an agent with experience and access to a lot of carriers to make sure you are getting a great deal. The reason for this is simply that 'captive agents" who work for one carrier don't want to lose the business when their product is not the best fit, so they shoehorn your application into their employer and get a commission at your expense. 

alternatively, Independents can access multiple carriers and have access to the underwriting guides of all of them, so you have the best shot at the best rate.

What is the life insurance application process for a forty nine year old male

Surprise! There is no special process for Life Insurance For men Age 49. The process to apply for life insurance is largely the same for everyone regardless of age or health condition.

  • Choose policy Type
  • Choose terms
  • Get pricing
  • submit application 
  • Take exam
  • await underwriting 
  • review offer
  • policy delivery

The 8 step process is laid out in detail on the homepage of this site. 

The only exceptions are that if you choose a no exam option there will be (shocking) no exam. Also the underwriting time will likely be considerably quicker and if you have a history of heat trouble the exam may require a EKG . 

What is different about the Life Insurance help desk?

Why should you use the Life Insurance Help Desk?

Fair question.

We are aware you have a seemingly unlimited choice of providers when looking for life insurance.  However, when you eliminate "captive" agents due to a lack of competitive choice, and "direct to the carrier" for the same reason, the pool starts to get more manageable.

The next group to consider are the major brokers you see and hear in the media with endless commercials. These insurance "call centers" are a better option than a captive but still limiting. These organizations limit the number of carriers they use in order to not dilute their business with specific carriers. The rationale for this is it provides better leverage to negotiate commissions. 

So, if you eliminate the big brokers and the captives, you are left with independent agencies like the Life Insurance Help Desk.  Within this category we stand out due to experience ( agent of record is a Certified Financial Planner) and transparency. 

We will keep you in the loop throughout the process and even share our screen with you if you'd like. It is our belief that honest transparency is the best policy.

Lastly, unlike the previously mentioned groups we do not turn over employees at a 93% rate every 2 years. When you need help, we will be here to answer your question. This is a much better situation than being transferred to the carrier with bad 80's muzak while you wait. 

Next Step

Now that you are all clued in on what it takes to get life insurance for a male aged 49 and how pricing comes about, it's time to act. Protect the people who depend on you now before you are age 50 and facing increased rates. 

Thank you for choosing the Life Insurance Help Desk to shop for Life Insurance For man Aged 49.

Bonus: The most common mistakes people make buying life insurance and how to avoid them

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