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Life Insurance for 30 to 39 Years Old – Best Rates & Savings Tips

If you’re 30 to 39 years old and thinking about buying term life insurance, you’ve come to the right place! 

Take it from me…

I’m 36 years old, have a wife and 3 kids, and 3 life insurance policies! 

In this guide, we’ll provide sample quotes, honest advice about how much you need & awesome savings tips that will literally save you thousands of dollars. 

Let’s dive in. 

Term Life Insurance 30 - 39 Quotes

Who Am I & What Does Huntley Wealth Offer? 

On a personal note…

I’m Chris Huntley, the founder and president of Huntley Wealth and I’ve been in the insurance industry since 2004. To say I feel strongly about treating each client as an individual is an understatement.  

We believe our job as an agency is to educate, not sell. We don’t have sales quotas or “call center” agents. We offer customized, boutique service.

Term Insurance 30 - 39 Years Old Chris Huntley

Chris Huntley, Founder of Huntley Wealth Insurance Services

I’m Dad to three little girls and husband to a wonderful woman. Needless to say I shoulder a tremendous amount of responsibility in our house. If something were to happen to me and my income was no longer available, it would have a huge impact on our finances. 

So, I am in the same position as those of you who started a family in your 30’s.

To give you some insight, I personally own 3 term life insurance policies totaling over $2 million in coverage, so not only do I “practice what I preach,” but I’ve got some awesome insider tips for you. 

Inexpensive Term Policies for Those Aged 30 – 39

Term policies are the most basic and inexpensive type of life insurance available and represent our chosen offering for most clients.  

The good news is, if you happen to be in your 30’s they are exceptionally affordable

With each passing year insurance companies see you as getting closer to your date of mortality, resulting in more expensive  premiums as you age.

…not to mention the simple fact that as you get older, it’s very likely you will start to develop health issues which could make buying a policy even more costly.


Term Life Insurance 30 - 39 Savings

Save Money When You Buy Life Insurance

Don’t wait until you get into your 40’s to buy your life insurance, because it will cost you a lot more money in the long run. 

In order to illustrate just how much you can, save I ran a quote for a 31 year old non-smoking male living in California in good health (Preferred Rate). The gentleman was looking for $500,000 in coverage for a 30 year term.

At 31 he could qualify for a policy that would charge him a premium of approximately $43.00 per month.

Had the same man waited until he was 41 year old, the premium would go up to about $70.00 per month..and that’s if he was still in good health.

The difference over 30 years would be a staggering $9720.00. Just think about what he could have done with that money and these are just the numbers I generated today. Chances are 10 years from now he is looking at even more money. 

Click here to compare buying life insurance in our 30’s vs. buying it in your forties.

The bottom line is, if you need life insurance, don’t delay buying it any longer. You will save a lot of cash and your family will have the financial security they need.

“The older you are, the more expensive the premiums,” McGonigle says. “Think about it this way: It is highly unlikely that a person would be healthier at age 40, 50 or 60 than they were at age 30.” – Bankrate, 7 Reasons to Buy Life Insurance Now 

How Affordable is Term Insurance for a 30 – 39 Year Old?

You may be asking yourself right now, how much is life insurance for a 30 year old?

The ‘proof is in the pudding’ as they say, so I included a chart of sample quotes for non-smoking males ages 30 – 39 looking for a 30 year term for you to check out, so you can see just how inexpensive these policies really are for your age group.

These are preferred rates which means they don’t even represent the lowest possible premiums. If you are in the top 5% healthwise you may qualify for Preferred Plus rates which translate into further savings!

Please note the cost for females will be slightly lower, as women are typically less expensive to insure. 

Term Life Insurance 30 - 39

Your 30's Are a Great Time to Buy Life Insurance!

Term Life Insurance Quotes at 30-39 Years Old

Age$100,000$250,000 $500,000$1 Million
30 Year Old Male$14.35$24.64$43.15$79.64
31 Year Old Male$23.55$23.55$43.31$79.64
32 Year Old Male$14.96$23.76$43.31$80.72
33 Year Old Male$15.22$23.76$43.75$81.37
34 Year Old Male$15.57$24.18$44.19$82.25
35 Year Old Male$15.84$25.01$45.94$84.92
36 Year Old Male$16.72$26.26$48.56$89.73
37 Year Old Male$17.69$27.93$52.06$97.31
38 Year Old Male$18.83$29.80$56.37105.74
39 Year Old Male$19.86$32.30$61.69$115.38

(Life Insurance Preferred Quotes based on healthy, male, non-smoker for 30 Year Guaranteed Level Term, as of 3/13/17, subject to change)

Being the Breadwinner is a Big Responsibility! 

Nobody plans to die or become ill, but it happens to everyone at some point in their life.

There are no guarantees. But, after you’re gone, it’s the survivors who have to pick up the pieces and get on with things.

Life’s not cheap!

It’s imperative to have a financial cushion in place, that preferably lasts until you retire and a term life insurance policy is the ideal solution

It’s the most affordable form of life insurance available and you can choose a term that is ideal for your individual circumstances.

Term Life Insurance Breadwinner

When Your Family Relies on Your Income You Have Responsibilities

The biggest reason most people in your age group opt to buy term insurance is for income replacement. If you’re the primary breadwinner in your family, then you have to think about what’s going to happen to your family if they no longer have your income to rely on.

We ask all of our clients to sit down and take a cold, hard look at what their income needs would be for their family should they pass away. This is incredibly important when determining the amount of coverage needed for your policy. 

How Much Do You REALLY Need In Terms of Coverage?

Many families take on multiple financial obligations when they’re raising a family. It very easy to sit down with your insurance agent and rattle off a number for your insurance needs, but is it truly based on reality? 

How much you need now is one thing, but what about 5, 10, 20 or 25 years into the future. Will you upgrade your house? Do you expect to take on more debt? Will your paycheck increase? 

It’s so easy to underestimate what is needed when you think about your circumstances in a vague way. The numbers quickly stack up! 


Term Life Insurance Quotes 30 - 39 Calculations

Huntley Wealth Insurance Needs Calculator 

We are excited to announce the Huntley Wealth Term Life Insurance needs calculator. This useful tool will help you crunch the numbers to see how much life insurance you really need.

Punching in the Numbers

If you purchase too little life insurance, you won’t have enough, in which case your family will run into financial difficulty or worse yet they could go bankrupt and lose everything in the event of your death.

On the other hand, you don’t want to buy too much because you will be spending hard earned cash which could be better used elsewhere.

If you are in your 30’s, you probably are buying life insurance for income replacement. So you need to be very honest about what you think your needs are going to be over the coming decades. 

To find that “sweet spot” for buying the right amount of life insurance to meet the needs of your family, use our LIFE INSURANCE CALCULATOR to help you decide!

Term Life Insurance 30 - 39 Income

In terms of how much life insurance you need, there are varying schools of thought. Some financial advisers say you should insure five to seven times your salary, while others will say you need more. Wixon believes a good rule of thumb is three times your income plus debt. US News, When Should You Purchase Life Insurance 

Sample Life Insurance Needs for a Male Non-Smoker Age 32

Using the calculator above I ran a quick quote for the life insurance needs of a 32 year old non-smoking male in California who is in good health (preferred rate) and is looking for 30 years of coverage. He is doing well in his career and currently making $120,000 (gross) per year year.

Assuming 3% rate of inflation and an interest rate of 6% he would require $2,448,192 in insurance to provide an annual indexed income of $120,000!

It’s hard to believe just how quickly it all adds up.


If You Prefer to Run the Numbers Yourself

Let’s say your wife needs $40,000 of income per year upon your passing.  There is a simple calculation you can use to see what your needs will be: $40,000/.04 = $1,000,000 of life insurance. 

To get a ballpark figure, you divide the amount per year you want your spouse or beneficiary to have, by .04, which is a good, achievable target interest rate. Therefore the nest egg you provide (1 million in the example above) earning 4% per year will generate $40,000 of income, not including taxes.

The question is, do you need to provide lifetime income to your spouse?  See our “what term length is right for me?” section below.

Instant Life Insurance Quote RequestInstant Life Insurance Quote Request

A Few Other Considerations 

  1. Consider the Reduced Cost of Living if You’re Not Around – What percentage of your income would your spouse or beneficiary need to continue paying the bills?  It might not be 100%.  For example, say you’re a 35 year old man and you make $60,000 per year, but upon your passing, your spouse is able to get by with just $30,000 per year of help.  In that case, base your needs off of $30K per year target instead of $60K.
  2. Interest and Inflation – Any death benefit received by your family will likely be invested – so it will earn interest but inflation will also be a factor.  
  3. Is your spouse or beneficiary able to work?  Perhaps your beneficiary doesn’t currently work, but could if need be.  In that case, perhaps you would need less coverage.
  4. Your spouse’s health and life expectancy – This is especially important for women married to older men.  You might only be 37 years old but are married to a man in his 40’s or 50’s with health issues.  If that’s the case, think in logical terms about his life expectancy.  Does he really need 80% of your income to be replaced for 30 years if you pass away?  Will he live that long?  I know it’s a bit morbid, but life expectancy is a key factor to consider.

If Your Beneficiary Receives Death Benefits Were Your Premiums a Good Investment?

We don’t typically view life insurance as an investment. That’s why we promote term insurance over whole life, because we believe for most people there are better ways to invest money. That being said, we urge our clients to consider their IRR (or internal rate of return) should their insurance policy pay out. 

To make this easier, we created a calculator that will help you to determine if the premiums paid work out to be a good investment. 

For example, if a 33 year old non-smoking male, who purchased $500,000 in coverage for a term for 30 years were to die at 38 years old, his beneficiary(s) would receive death benefits that would effectively pay out as if he invested that money and received a 193.95% return. 

If he were to pass away at 63, he would have had to invest money spent on premiums at 13% interest to match the death benefits. 

Those are pretty good numbers if you ask me. 

Term Insurance 30 - 39 Wise Investment

Why Buy Life Insurance Now? 

Quite simply, you’ll never be 30 again or as young and healthy as you are today.

Rates increase about 5% per year in your 30’s for every year that passes.

So by waiting, not only will see the standard rate increase for getting older, but you’ll also risk contracting a medical condition that will potentially exclude you from the best health classes.

Now that would be terrible because it would translate into a ton of lost cash. 

Term Life Insurance 30 - 39 Birthdays

Health and Age DO Matter! 

To give you some numbers to work with I am going to provide two examples that clearly illustrate just how much health and age impact your premiums. 

Preferred Rating - 34 Year Old Male vs 47 Year Old Male

A 34 year old non-smoking male, who qualifies for a preferred rating would get the following quote today

  • $44.00 per month (approx.) for 500K in coverage over a 30 year term.

A 47 year old non-smoking male, who qualifies for the same rating would get the following quote today: 

  • $73.00 per month (approx.) for 500K in coverage for a 20 year term.

THE DIFFERENCE: The 47 year old would pay $1680.00 more for 10 years less coverage! 

Instant Life Insurance Quote RequestInstant Life Insurance Quote Request

Deteriorating Health - 35 Year Old Male vs 45 Year Old Male 

A 35 year old non-smoking male who qualifies for a preferred plus rating would get the following quote today:

  •  $70.00 per month (approx.) for $1 Million in coverage over a 30 year term.  25200

A 45 year old non-smoking male who qualifies for a standard  would get the following quote today:

  • $182.00 per month (approx.) for $1 Million in coverage for a 20 year term. 43680

THE DIFFERENCE: The 45 would pay  a whopping $18,480.00 more than the 35 year old and would be covered for 10 years less to boot! 

As you can see from the numbers, health and age are extraordinarily important aspects of planning for your life insurance needs. 

Purchasing a term policy in your 30’s puts you in a wonderful position to get super affordable rates that will cover your loved ones during the most precarious periods. 

Types of Term Policies Available for 30 - 39 Year Olds 

For some, a 20 year term might be ideal while for others, a 30 year term is more suitable. You can also purchase a policy which is age specific such as age 55 or 65. Most people don’t know how many options are out there. 

You can also choose from 3 types of term policies which include:

Level Term – The premium and death benefits stay the same for the length of the term
Decreasing Term – The death benefits decrease over the life of the term with a fixed premium (generally cheaper than a level term)
Increasing Term – The death benefits increase at predetermined amounts and at specific times as does the premium you pay (can be ideal for someone who is on a tight budget now but sees better times ahead, or has a greater financial need down the road).

Term Life Insurance 30 - 39 Length

As you can see, there are many options available when selecting a term policy that’s right for your particular circumstances. Here are two case studies to give you some insight into length of term and how this decision would affect you in relation to cost and coverage.  

Term policies are generally defined by the way in which the face amount, or face value (the amount of money stated on the first page) of the policy changes throughout the policy’s life. This is the amount that will be paid in the event of the insured’s death. Types of Term Policies, FinWeb

Case 1: 35 year old male non-smoker, preferred rating, 500K in coverage 

20 Year Term – $29.00 per month 

30 Year Term – $46.00 per month 

In this case, it may make sense for this 35 year old to consider paying the higher premium for 30 years of coverage, because chances are he will still need life insurance after the age of 55, which is when his 20 year term coverage would cease. If he is planning to have a family it would make sense to buy an inexpensive policy now to cover all his needs later in life. 

Case 2: 39 year old male non-smoker, preferred rating, 500K in coverage 

20 Year Term – $35.00 per month = $8400 over the life of the policy 

30 Year Term – $61.00 per month – $21,960 over the life of the policy 

SAVINGS: $13,560 if he buys the 20 year term! 

In this case, this 39 year old may want to consider a 20 year term. If he has invested wisely and has a family at a young age his insurance needs may wrap up by the time he is 59. It really depends on the individual, but this 20 year term could save him quite a bit of money if his needs allow for it. 

Instant Life Insurance Quote RequestInstant Life Insurance Quote Request

Which Term Length is Right for Me?

The 3 main factors you need to consider before you purchase your life insurance are: 

  1. When do you plan to retire?  Many people line up their term length with their expected retirement age.  For example, if you’re 33 years old and plan to work until you’re 65, a 30 year term would probably get you closest to the goal of providing coverage as long as you work.
  2. Are you building a nest egg on your own? Are you saving for retirement and paying down your debts?  If so, perhaps you don’t need a long term that will cover you throughout your working career
  3. Affordability – shorter terms cost a lot less than the 25 or 30 year terms.  I always say that something is better than nothing.

If cost is a factor and you have to choose between getting more coverage or a longer term, I would say to get a shorter term and get the coverage you need.

As I mentioned above, we do have “dial-a-term” options with one of our top companies.

… so say you’re 36 years old and want coverage for the rest of your career.

That might mean you need term coverage to age 70, because you started saving late and cannot imagine retiring at 65. The problem is even if you buy a 30 year term it will only take you to age 66! This is an instance where you may want to dial up a term guarantee to age 70 instead of buying 30 year term.

We don’t have that quoting option on the right, but if you get a quote for 30 year term, the price will be similar.  Call us for an accurate quote at 877-443-9467. There are all sorts of term lengths, 10, 15, 20, 25, and 30 year terms.  You can even select a term that ends at a specific age such as 70  years old.

Life Insurance Savings Tips from the Pros 

As an agent for 10+ years, I’ve learned some insider savings tips.  Here are a couple of my best ones: 

  1. Ladder Your Term Maturities – you can save 10-20% by buying 2 policies instead of 1.  You can buy a shorter term and a longer term. As your need for insurance decreases as you get older, your first policy will drop off, and you’ll be left with a smaller amount for the remainder of your 2nd policy’s life.
  2. Request an Annuity Payout – we’re all familiar with life insurance companies paying out big lump sums upon the passing of the insured.  But did you know you can save 10-30% by asking the insurance company to pay out the benefit over a set period of years?  For example, instead of a $1 million dollar lump sum, your beneficiary might get $50,000 per year for 20 years.  So they still get the million, but since the company doesn’t have to come up with it up front, they give you substantial savings on your premiums.
Term Life Insurance 30 - 39 Tips

Tough Medical Issues? We Can Save You Up to 73% on Term Life Insurance! 

Do you have a pre-existing health problem or a disability? Not to worry, we can help you. One of the biggest insurance myths is that you cannot find affordable insurance if you have a medical condition. 

From bad hearts to missing parts, we’ve got you covered! 

Insurance companies rate people differently, so I know which ones are more lenient.  Health issues vary considerably so the best approach, if you’re not sure what to do, is to give me a call so we can discuss your options.

I feel confident that we will be able to find you the most affordable quote for your unique circumstances. 

Term Life Insurance 30 - 39 prosthesis

Apply Online Without Speaking to an Agent

If you are in great health, and want the convenience of applying online, while still getting rock bottom prices, use this link: Apply Online

• No Speaking with an Agent
Medical exam is Required
• Approval may take 4-6 weeks
• Apply for same policies you would through an agent at the best prices!

Click Here to Get Started!

If you have any questions, call us at 877-443-9467, and we’ll be happy to help.

*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.

All Comments

  1. josh lee on September 23, 2014, 5:48 pm

    32 yr old healthy male looking for 30 yr $500,000 in life insurance

    • Chris Huntley on September 24, 2014, 9:02 pm

      Hello Josh,
      We would be more than happy to put quotes together for you. In order to find the best rates and policies for you, we will need to know a little more about you. One of my colleagues will be in touch with a few questions.

  2. wanda degolyer on April 30, 2015, 8:00 pm

    I am a 33year old female with health issues and can’t find anyone who will accept me and give me life insurance can u help me

    • Chris Huntley on May 25, 2015, 2:00 am

      Hi Wanda,
      We need to know more about your health issues. Give us a call and we will try to help you. 877-443-9467

  3. Daniel on May 30, 2018, 6:57 pm

    I am 36, in good health and interested in a 30 year policy that will provide security to my wife and 3 children in the case of my death. Having premiums increase at 66 seems like a bad investment though if I live for many years after. Sounds like the ‘GUARANTEED lifetime policy’ is the only policy structure that doesn’t force you into a gamble between your policy and your life expectancy. please feel free to contact me

    • Kimberly Ely on June 5, 2018, 12:30 pm

      I agree completely – the only way to be certain that you don’t outlive your policy, is to get a lifetime coverage of some sort, and we recommend the GUL as the best lifetime product. I will contact you on from my email address…thanks for reaching out!

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