Best Cheap Life Insurance Providers for Ages 47 (Men and Women)

As you approach your 50th birthday, you’re probably thinking about your family and how you’ll protect them if you’re gone in the future. Finding the best cheap life insurance company for a 47-year-old can get more stressful as you get older, but it doesn’t have to feel like an impossible task.

The pros and cons of getting life insurance at age 47

At age 47, you can choose from a variety of life insurance options to protect your family in the future. You’re approaching her 50s, but haven’t passed a milestone that could cause a dramatic increase in insurance premiums. Premiums are a little higher than in decades past, and you may have to dig a little deeper to get the coverage you need, but you can find many cheap life insurance companies at age 47.

Unlike people who take out insurance in their 20s and 30s when most people face no health risks or challenges, getting life insurance at age 47 can cover the period of old age and help protect your health. It can protect your family in case of crisis. Occur.

Even term life insurance can offer great coverage. 30-year term insurance covers you until age 77, providing peace of mind when most children are moving into adulthood and you and your spouse are beginning to transition into retirement.

What is life insurance coverage for a 47-year-old (male or female)?

When choosing life insurance, you should first evaluate the types of insurance available. When you turn 47, you can choose from affordable life insurance products including term, universal or whole life insurance.

Term life insurance is a popular option for people on a budget who want to protect their family for a period of time but don’t necessarily want to spend a large monthly premium on permanent life insurance. Most people can find term life insurance that offers adequate coverage and protection for an average of 10 to 30 years for just a few dollars a day.

Whole life insurance is more robust and protects your family for the rest of your life. Whole life insurance is the best choice if you want to choose a policy that does not require you to worry about maturity dates or future premiums.

With whole life insurance, you have the peace of mind that you will always be protected until you die. The cost of whole life insurance is often much higher than term insurance, but in some circumstances the benefits outweigh these costs.

Best way to buy cheap life insurance provider for 47 year old

Comparison shopping is not only the best strategy for buying your next big ticket, but it’s also the best strategy when buying life insurance, especially at age 47. Significantly increase and comparing different life insurance policies can ultimately save you money.

The cost of term life insurance can vary greatly from company to company. You may also be surprised to find affordable whole life insurance that fits your taste and budget.

When it comes to buying life insurance, always take the time to browse a few options and see what each company offers. Don’t assume that just because your options are limited to one company, you are limited to all companies. The best way to find the right life insurance policy for you is to click here to compare prices and options from different providers.

7 of the best cheap life insurance companies for 47 year old women and men

Prudential

Get a quick Prudential term life insurance quote or explore more options with the help of a Prudential representative. The company offers 11 different life insurance products ranging from simple and easy term life insurance to more detailed coverage with various riders and benefits through one of its universal life insurance policies.

If you’re looking for a quick rate, you can use our easy-to-use online tool to get a term policy estimate, but you’ll need to follow up if you want to compare your options to any of the other policies. Discreet financial professionals who can guide you to eligible insurance policies and provide monthly cost estimates.

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $72/month for 20 year term life insurance with Assurance IQ
• Woman: $62/month for 20 year term life insurance with Assurance IQ

sprout

Sprout’s innovative life insurance coverage options take a personalized approach to helping individuals find the coverage they need by offering positive lifestyle choices and the best premiums that meet their health criteria. You can receive it.

Their interactive survey takes into account your stats and question responses to give you instant feedback and a term life insurance quote. You can also specify

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $108/month 20-year term life insurance from SBLI
• Woman: $76/month for 20-year term life insurance from SBLI

AIG Direct

With coverage ranging from $100,000 to $10,000,000, AIG can customize a policy to meet your and your family’s needs. AIG offers a wide range of life insurance products, including term and whole life insurance, that can protect you and your family in the event of your death.

Get instant quotes for term insurance products using our online quote generator, or contact an AIG agent by phone or email for more information on custom permanent life insurance quotes.

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $111/month for regular life, $125/month for regular life with living benefit coverage option
• Woman: $84/month for regular life, $93/month for regular life with living benefit coverage option

Quote selection

SelectQuote takes the hassle and frustration of life insurance shopping out of the equation. They’ll take care of it for you while you review your options and choose the one that’s best for you.

Submit a few details about yourself and your lifestyle to get a personalized quote by email or a call from a SelectQuote representative to discuss the best options available. This is a great option for individuals who appreciate personal attention and care from an agent who helps them find the right fit and answer their questions with real people.

guardian direct

Guardian Direct covers not only life insurance, but also eye, dental, accident and liability insurance. If you’re looking for a one-stop shop to compare plans and prices, Guardian Direct service makes it easy.

A few clicks and quick answers to a few questions will generate a personalized life insurance quote. Guardian Direct’s quote process is quick and convenient, and you can easily change coverage options to find the one that best fits your budget and needs. Please note that the life insurance offered by Guardian Direct is limited to term life insurance only.

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $74/month for 20 years term life insurance
• Woman: $57/month for 20 years term life insurance

confer

Get a quote for a term life insurance product from Bestow by answering 6 simple questions. No medical examination is required and the decision can be made quickly, so you have very little to lose when checking out available offers.

Term life insurance is available to all adults between the ages of 18 and 60 and offers coverage from $50,000 to $1.5 million. The company doesn’t offer whole life insurance, so if that’s what you’re looking for, it probably won’t suit your needs.

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $62/month for 20 years term life insurance
• Woman: $46/month for 20 years term life insurance

lemonade

If you want quick access to term life insurance options and fast coverage at a low cost, Lemonade is for you. The company asks personal questions such as where you live, age, height, weight, and whether you smoke to get an instant quote on your term life insurance options.

Their online tool lets you slide in to compare different coverage amounts and terms and see how that affects your monthly payment estimate. Meet your budget-friendly coverage needs Once you’ve found the amount, you can proceed with the online application process, which they claim takes as little as five minutes.

Average cost of $500,000 insurance coverage for a 47-year-old:

• Man: $62/month for 20 years term life insurance
• Woman: $50 a month for 20 years of term life insurance

Average monthly premium for $500,000 20-year term life insurance for a 47-year-old:

• California – Male Policyholder – $68. Female Policyholder – $58
• Texas – Male Policyholder – $63. Female Policyholder – $49
• Florida – Male Policyholder – $64. Female Policyholder – $50
• New York – Male Policyholder – $70. Female Policyholder – $60
• Pennsylvania – Male Policyholder – $66. Female Policyholder – $52
• Kentucky – Male Policyholder – $58. Female Policyholder – $46
• Ohio – Male policyholder – $61; Female policyholder – $48

last takeaway

Spend a few hours a day finding life insurance that’s right for you. Use our guide to find the best cheap life insurance companies at 47 to help you navigate this overwhelming task and narrow down your choices to what best fits your budget and expectations.This important coverage Don’t put off buying any more and choose the best affordable life insurance for your peace of mind and security.

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