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Best Life Insurance For women Age 49

By James Tobin, CFP®

 

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  Women Age 49
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Expert Review Of Life Insurance For a Woman Age 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. 

If you are a female aged 49 and looking to obtain life insurance, you probably have a few questions as to rates, best companies and the application process to name a few. This article tries to answer all the commonly asked questions that a 49 years young woman will have about life insurance.  If you have additional questions just reach out to us.

As you read this article , please bear in mind that the answers to questions like "what is the best company?" are intermingled with your health status and your policy preferences.   

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

Regardless of age, if you have people you care about-who depend on you financially, it is always a good age to be insured. After all, tomorrow is promised to nobody.

Having said that, there is still the question "when is it most advantageous to buy"? 

The obvious answer as you probably guessed is when you are young and healthy. 

However, while 49 is undeniably "middle aged" , it is a fantastic time to purchas life insurance for a woman (more so than men).

Here's why:

Significant price increases tend to start at age 50 for women (younger for men) and with a affordably priced 30 year policy you can be covered until nearly age 80 . Additionally   many significant health issues start to present themselves in the 50's and you have all the incentive in the world to act before that eventuality.   

So, whether you are working and want to get to retirement with a 10, 15 or 20 year policy or you want the security provided by a longer contract, 49 is a great age.

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

While there are countless methods to determine the "perfect" amount of life insurance, at the Life Insurance Help Desk we find that most clients already have a pretty good idea of what they need and know their budget pretty well. Afterall, if it doesn't fit in your budget , it doesn't much matter what a computer model says.

If you are genuinely interested in determining what you believe your needs to be, we are happy to walk you through the  L.I.F.E. tool (loans,+income+future plans+education) that we use.  

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

The cost of life insurance for a female aged 49  will depend on the health rating that the life insurance company's underwriters assign, how much coverage is desired  and the term of that coverage.

Below are  the best rates currently available for  all health classes ranging from preferred best to standard smoker. The sample rate  amounts range from 100K-1MM in 10, 15, 20 and 30 year terms.

Note About Life Insurance for Female Smoker, age 49

A quick note about tobacco use. A brief look at the rates will show you the dramatic price increase. This is not to scold but to let you know that if you can quit , you can have your policy re-underwritten after 2 years for non smoker rates.  

10 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$12.14/mo.

14.53

17.15

19.121

34.89

47.68

$250000

19.80

23.03

29.27

32.13

73.04

97.02

$500000

31.56

38.90

52.17

57.22

128.03

154.94

$750000

45.00

56.01

75.67

83.24

189.31

229.83

$1000000

54.52

69.42

92.79

106.08

234.26

283.76

15 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$13.75

15.85

19.83

21.88

45.06

58.87

$250000

22.45

26.91

36.45

40.80

91.30

118.73

$500000

37.69

46.46

65.69

74.35

164.69

222.39

$750000

54.45

67.81

95.79

108.94

244.30

331.01

$1000000

69.27

86.47

119.80

140.11

311.00

421.92

20 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$16.67

18.09

25.90

26.21

55.97

71.63

$250000

28.32

33.60

42.51

47.41

109.32

144.70

$500000

50.15

59.18

78.40

91.09

203.90

272.73

$750000

72.89

86.43

115.02

133.90

303.27

406.52

$1000000

92.43

112.67

145.59

172.94

376.61

529.23

30 Year Rates

Amount

Preferred Plus

Preferred

Standard Plus

Standard

Preferred Smoker

Standard Smoker

$100,000

$26.08

30.45

35.88

42.35

87.89

106.73

$250000

47.46

54.46

72.10

83.36

220.42

202.71

$500000

85.59

98.30

137.83

160.27

334.73

417.17

$750000

126.05

145.12

204.17

237.82

499.51

622.70

$1000000

161.79

188.75

235.95

308.30

650.59

810.84

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

The quote tool and the sample rates are absolutely reliable. The difficult part for the consumer is knowing the correct health class that they will be given by an insurance company. 

This is an inexact science and the among the best arguments for using an independent agent with access to 50+ carriers to shop. 

The truth is that most people are in better or worse physical shape than they think they are and the safe way to price insurance is to us "standard" or "standard plus" as a baseline and hope that you are pleasantly surprised.   

Alternatively, you can use the custom quote tab at the top of this page. 

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

As stated in the beginning of this article, the "best" company is going to depend on your health and your policy preferences. 

For super healthy people who are only concerned with getting the lowest rate, Banner Life is a rate buster that is fairly convenient to work with. The downside of Banner is poor conversion options if you wanted to convert to a permanent product like universal life at a later date. This can be an important issue if you health deteriorates over the life of the term policy.

Protective life is a favorite at the Life Insurance Help Desk. This is due to super competitive rates for healthy folks and super innovative policy terms. This includes an annuity style payout option that lowers your cost and the ability to continue the policy at the term expiration with a decrease in coverage rather than an increase in rate. This can be very helpful in your golden years.

Lastly, we are fans of Prudential for being lenient with underwriting for those with health concerns and SBLI for offering no exam accelerated underwriting.  

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

The answer here is one that echoes throughout this article: 

USE AN INDEPENDENT AGENT

Independent agencies have access to multiple top rated carriers and have  the underwriting guides. The result is we know that a women with, say an anxiety condition is better off at Prudential than SBLI or Transamerica.

This information usually non-public and is difficult to access if you are not a confirmed agent with a specific carrier.

Moreover, using the agent doesn't cost you a penny.  

hat's right....not a penny. (more on that below)

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

Surprise! There is no special process for Life Insurance For Women 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 exception is that if you choose a no exam option there will be (shocking) no exam. Also the underwriting time will likely be considerably quicker..

What is different about the Life Insurance help desk?

If you are committed to obtaining life insurance but are unsure about where to get it, we don't blame you. you have a plethora of options and they are not all equal. 

The Life Insurance Help Desk is an independent Agency with access to over 50+ carriers. This is important if you have existing health concerns or you have specific policy preferences like "Living Benefits" or a child rider. 

These options may not be available with a "captive" agent who works for a single carrier or for that matter if you go direct to a carrier. 

Speaking of direct to a carrier, the simple advice is don't do it!

The reason is both self serving and true.  You not only will not have access to multiple carriers to "shop" your application, but you won't save money by doing it. 

Life insurance rates are set by the department of insurance at the state level and like term policies are priced the same regardless of the seller. So by "going direct" you lose the benefit of an experienced agent for no benefit.

As for the big brokers that advertise constantly on radio and TV, they use a small group of carriers to keep their applications with those carriers high so the can better negotiate commissions. If we were that big we might do the same, but we are not and we will shop all the carriers for you. 

Lastly, we are committed to transparency and service. Transparency because we think it's the correct way to do things. Service because we intend to be doing this well into the future. Whereas the employees at the big brokers come and go, leaving you listening to bad music while you wait, we expect to be here for the long haul. 

Next Step

Well now you know what  it takes for a 49 year old woman to obtain life insurance, why it's smart and what it will cost. The next step is to act so that you are not reading about life insurance for a fifty year old woman next year. 

Thank you for choosing the Life Insurance Help Desk to shop for Life Insurance For Woman Age 49.

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

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