What US life Insurance companies are best for males over 50?

Question

My husband needs term life insurance. He's 52. What companies do you recommend? How much do you pay in premiums per year?

Answer 1

There are many good life insurance companies for you to choose from for your husband's term life insurance.

Remember, term life insurance provides protection for a specific number of years, usually, 10, 15, 20 or 30 years. When the term expires, there is no life insurance left. Also, term life insurance builds no cash value within the policy. You pay only for the insurance protection.

The amount your husband will pay per year will depend on several factors, including: his age, health condition, height, weight, smoking status, cholesterol level, if he is on any medication, his family's health history, number of years he needs protection, amount of coverage, any hazardous hobbies or occupation, his driving record, etc.

Several leading term life insurance providers include: Prudential, New York Life, Nationwide, Allstate, Liberty Mutual, Metlife, State Farm, Northwestern Mutual, Liberty National, Mutual of Omaha, and American Family.

Each of these life insurance companies is highly rated by A.M. Best for financial strength, and they offer competitive term life insurance rates.

You can request instant quotes online and compare rates from all of these carriers at once by going to https://www.efinancial.com/smartquoteefc.aspx?source=389-777

I hope that helps! Take care and best of luck to you and your husband.

Answer 2

I suggest one to visit this web page where you can get rates from different companies: http://COVERAGEFINDER.NET/index.html?src=2YAribiqDA08

RE :What US life Insurance companies are best for males over 50?
My husband needs term life insurance. He's 52. What companies do you recommend? How much do you pay in premiums per year?
Follow 7 answers

Answer 3

Realize that 97% of term policies NEVER pay a death benefit. The insured outlives the term.

Are YOU certain that you will have all the money that you (the spouse) need after your husband dies?

Perhaps BOTH term and permanent insurance is best for you. Ask yourselves what your income and assets will be at different ages and whether that income will be enough in all situation - particularly failing health and high medical bills. What if your husband spends 5 years in a nursing home or 5 years needing around the clock care at home?

Go talk to one or more agents in your area.

Good Luck.

By the way, Primerica has a "one size fits all" approach to financial planning. Visit www.ripoffreport dot com and search on Primerica.

Answer 4

Primerica Life, which is owned by Primerica Financial Services, is the number one company for selling term insurance 100% of the time. They have an AM Best rating of "A+", which is the second highest rating next to "A++".

I don't know how much coverage your husband wants, but I'm going to say $150,000. I'm not going to assume he has perfect health (meaning his weight matches with his height, he doesn't smoke, no prior 12 month history of going to the hospital, no diseases). So, I'm going to rate him "non-tobacco user"

So for $150,000 policy on himself, it would cost him: $705/year.

If you add yourself as a spouse rider to the policy with $150,000 coverage and your age is 52 too, the annual premium for both of you combined will be: $1110/year. (saved about $300!)

If you have kids, you can add a child rider of $10,000 coverage that insures all dependent children up to age 25.

If you do business with Primerica, they will do a complimentary, customize, and confidential Financial Need Analysis for you. This FNA is a tool to help you reach your goals using Primerica products. If you have any debt, they will do their best to find a solution to get you out of it as soon as possible. If you have investments to move or need to start saving for retirement, they can help you out in that area too.

Answer 5

The companies available will depend on some factors:
1. State you are in.
2. The amount of coverage you need.
3. The term length needed.
4. smoker or non-smoker
5. Health, medications, and family history
6. any activities such as scuba diving, rock or mountain climbing.

Based on that information, an independent agent can give you a free, no pressure, no obligation quote of the top companies available for you to choose from.

Answer 6

the correct answer is "it depends". the best course of action is to speak to an independant agent who represents many different companies. ask about ratings and size of the various companies. metlife, prudential, first colony etc are all good companies. depending upon what amount of insurance you are looking for, your agent can obtain and compare quotes for you. dont let him/her push you toward one company. make sure you see multiple quotes. agents often have financial incentive to steer you toward one particular company. dont be afraid to shop around and use the internet. many sites will let you run quotes.

Answer 7

Was here on Yahoo for something or other, but this question was displayed on the sidebar...

Answer 8

Interested in this