30 Year Level Term Life Insurance is a type of Term life insurance. It covers a policyholder for a clearly defined term of 30 years (thus, it is called Term 30). Should a policy holder pass away within this time frame, his/her beneficiaries will receive the coverage amount. After 30 years, this policy comes to an end (coverage disappears). A picture below shows a sample premium structure.
If you want to extend a 30 year term life insurance policy, most likely, your insurance company will require you to get another quote. The new term life insurance policy will be typically more expensive because life insurance rates become higher as you get older (see an example below).
30 year level term life insurance, or Term 30 Life Insurance, provides a coverage for 30 years and is optimal in particular situations. Here are a few examples:
Here is a brief comparison of how 30 year term life insurance compares to whole life insurance and universal life insurance.
| 30 Year Term Life Insurance | Whole Life Insurance | Universal Life Insurance | |
| Coverage length | 30 year coverage | Life long | Life long |
| Insurance coverage | Yes | Yes | Yes |
| Cash accumulation | No | Yes | Yes |
| Can choose amounts going into insurance and cash accumulation | No | No | Yes |
| Pricing | Lower than Whole Life and Universal Life | More expensive than Term Life | More expensive than Term Life |
Below are a few examples of 30 year term life insurance rates/quotes. It is important to remember that any life insurance quote depends on multiple factors and may vary from person to person (e.g. based on your health condition).
Male, 29 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $250,000
Female, 36 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $400,000
Female 47 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $350,000
Below are a few examples of 20 and 30 year term life insurance quotes for $400,000 coverage. It is important to remember that any life insurance quote depends on multiple factors and may vary from person to person (e.g. based on your health condition).
| 30 Year Term Life Insurance rates | 20 Year Term Life Insurance rates | |
| Male, 25 years old, non-smoker | $36 / month | $26 / month |
| Female, 25 years old, non-smoker | $25 / month | $19 / month |
| Male, 40 years old, non-smoker | $80 / month | $47 / month |
| Female, 40 years old, non-smoker | $61 / month | $34 / month |
30 year term life no medical exam insurance, is a subset of no medical term life insurance. It is a version of life insurance that does not require medical tests (also called simplified issue life insurance). Some no medical life insurance types go even further and do not even require a medical questionnaire (also called guaranteed issue life insurance).
This is a great insurance choice for those who would not be approved for traditional (also called standard) life insurance, which comes with medical tests and a questionnaire to complete. Our insurance experts will help you with all of your no medical life insurance choices.
